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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. 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
  5. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... didn't even ask for more rent." Sales at luxury retailers in Hong Kong dropped at least 25 per cent each month in the second quarter as mainland tourists spent less on watches and jewellery. ... executive also affected Luk Fook's sales, Wong said. "We hope these conflicts can be peacefully solved so that our business won't be ruined," he said. Retail rents in secondary ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  6. News - Hong Kong - ECONOMY

    Retailers seek to keep watch sales ticking amid slowdown

    Posted Sep 04th 2014, 03:51am by Amy Nip

    ... Tsui. Besides, the rent is much lower," he said. Other retailers will look towards mid-market products. Distributor-retailer Acestar Concept has launched a cheap watch under the Mini car ... Amy Nip amy.nip@scmp.com Hit by crackdowns on graft and extravagance on the mainland, firms look to new strategies to fight decline in luxury sales as fair opens Retailers seek to keep ...

    http://www.scmp.com/news/hong-kong/article/1584641/retailers-seek-keep-watch-sales-ticking-amid-slowdown
  7. Comment - Insight & Opinion - LEADER

    There's a silver lining even as retail sales take a downturn

    Posted Aug 06th 2014, 04:35am by SCMP Editorial

    ... in expensive shopping areas such as Causeway Bay. That said, it is a question of which factor drove retail operators out first- high rents or falling sales revenue that ultimately made them ... Growth rates were bound to return to more normal patterns. There is an upside. Cooling sales should help rein in rents for retail premises, blamed for driving out traditional local businesses ...

    http://www.scmp.com/comment/insight-opinion/article/1567221/theres-silver-lining-even-retail-sales-take-downturn
  8. Property - Hong Kong & China - COMMERCIAL

    Landlords forced to lower asking rents as mainland tourist spending falls

    Posted Jul 09th 2014, 05:02am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Decline in number of big-spending mainland tourists has hit sales of luxury goods, forcing owners to be more realistic in their rent demands Retail landlords rein in giddy asking rents Property investors who bulked up their retail portfolios in recent years have found themselves on the wrong end of a bet on mainland shoppers driving a sustained boom ...

    http://www.scmp.com/property/hong-kong-china/article/1549705/landlords-forced-lower-asking-rents-mainland-tourist
  9. 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
  10. 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

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