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  1. Property - Hong Kong & China - RETAIL

    Retail rents cut as landlords fight to keep tenants

    Posted Sep 11th 2014, 06:01am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com After years of soaring rent levels, declining sales of luxury items force landlords to backtrack Retail rents cut as landlords fight to keep tenants Landlords of Hong Kong retail properties have been making substantial concessions in asking rents as sales of luxury products, including fashion, watches and jewellery, continue to cool, according ...

    http://www.scmp.com/property/hong-kong-china/article/1589635/retail-rents-cut-landlords-fight-keep-tenants
  2. Property - Hong Kong & China - RETAILING

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 26th 2014, 01:38am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Vacancies rise as landlords slow to cut rents Vacancy rates for retail outlets, at their highest in three years in four shopping districts, will head higher ... Year in 2015." While the retail market was booming and rents in first-tier shopping streets stayed high, Wu said, retailers would rent shops in second-tier streets at a higher rent ...

    http://www.scmp.com/property/hong-kong-china/article/1559389/retail-vacancies-hong-kong-soaring-rents-dip-only-slightly
  3. Property - Hong Kong & China - RETAIL PROPERTY

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 25th 2014, 11:27am by Yvonne Liu

    ... and rents in first-tier shopping streets stayed high, Wu said, retailers would rent shops in second-tier streets at a higher rent so as to be present in the key shopping streets. But now, they would ... rents, it’s too late. Many retailers are losing interest,” Wu said. The increasing vacancy rate is a result of falling retail sales. The latest data from the Census and Statistics Department ...

    http://www.scmp.com/property/hong-kong-china/article/1558865/retail-vacancies-hong-kong-soaring-rents-dip-only-slightly
  4. News - Hong Kong - OCCUPY CENTRAL

    Occupy-hit businesses should get help to pay rent and wages, say lawmakers

    Posted Oct 22nd 2014, 04:06am by Amy Nip and Elizabeth Cheung

    ... similar to that given during the 2003 severe acute respiratory syndrome epidemic, lawmakers say. They said retailers and restaurateurs hit by the protests were struggling to pay rent and wages ... Yu-yan, said. Vincent Fang Kang, representing retailers, said companies needed loans urgently. "An amount less than a million would be enough … The most important thing is it must ...

    http://www.scmp.com/news/hong-kong/article/1621685/occupy-hit-businesses-should-get-help-pay-rent-and-wages-say
  5. Property - Hong Kong & China - CONCRETE ANALYSIS

    New retail districts a welcome trend but challenges remain

    Posted Sep 30th 2014, 10:55am by Nick Bradstreet

    ... Nick Bradstreet property.post@scmp.com Soaring rents in core commercial precincts have transformed fringe areas, with artisanal shops and eateries moving in New retail districts help shore ... and jewellery emporiums with some inevitable loss of local character. Rents have also reached stratospheric levels, increasingly beyond the reach of many local operators. At the same time, as retailers ...

    http://www.scmp.com/property/hong-kong-china/article/1603883/new-retail-districts-welcome-trend-challenges-remain
  6. Lifestyle - Fashion & Watches

    'Curated retail' stores are proving popular, but many face high rents

    Posted May 12th 2014, 09:57am by Abid Rahman

    ... shops, and edited showrooms are some of the ways retailers describe the growing phenomenon of multibrand stores that push independent labels from around the world. The key challenge is the rent ... International expansion for Kapok and Konzepp illustrates the problems innovative retail concepts face here. Cities such as Taipei and Singapore offer cheaper rents and huge spaces that allow retailers ...

    http://www.scmp.com/lifestyle/fashion-watches/article/1508343/curated-retail-stores-are-proving-popular-many-face-high
  7. News - Hong Kong - BUSINESS

    Retail sales crash 40pc over holiday period, says management group poll

    Posted Oct 07th 2014, 04:02am by STA FF REPORTERS

    ... Staff Reporters Decline blamed on fewer mainland tourists and Occupy Central protests in key shopping districts, says management group survey Retail sales slump 40 pc over holiday period Retail sales in Hong Kong fell by up to 40 per cent during the National Day holidays- the first drop since the city opened its doors to individual mainland travellers in 2003. Retailers reported ...

    http://www.scmp.com/news/hong-kong/article/1610983/retail-sales-crash-40pc-over-holiday-period-says-management-group
  8. Shanghai may hurt Hang Lung rental income

    Posted Feb 12th 2009, 12:00am by Sandy Li

    ... to contribute HK$337 million, achieving a record average rent of HK$33 per square foot per month. The remaining HK$492 million was generated from its retail portfolio- partly from Plaza 66 and another ... advanced talks, Mr Ng said. In Hong Kong, he said retail rents would still fetch positive rental reversion, given that the leases were signed several years ago. On residential development, he said ...

    http://www.scmp.com/article/669633/shanghai-may-hurt-hang-lung-rental-income
  9. HK has second most expensive retail rents

    Posted Nov 21st 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Retail rents in Hong Kong have overtaken those of Moscow, making the city the second most expensive in the world for shopowners, according to the latest global retail rents ... the world at the end of the third quarter. According to the study, retail rents in Hong Kong rose 11.1 per cent, the 10th fastest in the survey, for the six months to September. New York's 5th ...

    http://www.scmp.com/article/660896/hk-has-second-most-expensive-retail-rents
  10. Lifestyle

    Local businesses pushed out by luxury retailers catering to the mainland

    Posted Jun 10th 2013, 12:00am

    ... is from Shanghai. We had rented the site since 1980. The monthly rent rose from HK$750 to HK$10,000. When our lease came up for renewal, the landlord asked for HK$40,000. He didn't even bother to negotiate because he knew there was no way we could afford it." Yem tried to find other premises but eventually gave up. "The rents are expensive everywhere. If we went ...

    http://www.scmp.com/lifestyle/article/1255737/local-businesses-pushed-out-luxury-retailers-catering-mainland

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