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  • April 21, 2014
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  1. Property - Hong Kong & China - RETAILING

    Hungry shoppers miss out as malls cut food courts for higher rents

    Posted Apr 07th 2014, 04:39am by Sandy Li

    ... available to retailers, which were willing to pay much higher rents and could generate better sales per square foot. Metro City Plaza in Tseung Kwan O, owned by Henderson Land Development, closed ... Sandy Li sandy.li@scmp.com Shopping centre operators are scaling down or eliminating stalls serving fast meals to maximise income from retailers which can paymore Food courts lose out ...

  2. Business - Companies - EARNINGS

    New retail strategies spur 23pc jump in Hysan revenue

    Posted Mar 08th 2014, 01:40am by Yvonne Liu

    ... sector rose 19.5 per cent to HK$1.09 billion. The growth in retail income was much lower than the 58.4 per cent expansion in 2012. Turnover rent edged up 1.9 per cent. We have also introduced ... rent than turnover rent. "The growth in retail sales has normalised in recent years in the absence of a boom in the property and stock markets. And mainland tourists' consumption ...

  3. 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 ...

  4. Property - Hong Kong & China

    Canton Road defies the retail property market with rising store rents

    Posted Sep 25th 2013, 12:00am by Peggy Sito

    ... are paying higher rents than the previous ones," said Sheraton chairman Sunny Yam Wing-yin. "The most expensive one is the shop rented by jewellery and watch retailer Chow Tai Fook," ... Watch and Jewellery replaced Esprit. Apple will take over the space to be vacated by fashion retailer Chocoolate and cosmetic shop Clarins. Average rents in Canton Road rose 25 per cent ...

  5. Shanghai may hurt Hang Lung rental income

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

    ... per cent 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 ... - was under 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, ...

  6. Property - Hong Kong & China - RETAILING

    Good times ending for Hong Kong's retail landlords as rents fall

    Posted Aug 14th 2013, 12:00am by RACHEL BUTT

    ... Rachel Butt property.post@scmp.com Rents are dropping for city's prime retail properties as big-spending mainland tourists look beyond Asia for their shopping sprees Good times ending ... said retail property prices were likely to decline, given waning demand for space and slowing rental growth. "Rents are holding firm because price corrections in the value of retail ...

  7. 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 ...

  8. Property - Hong Kong & China - BRICKS & MORTAR

    Does HK$1.38m per sq ft make sense for a shop in Causeway Bay?

    Posted Mar 24th 2014, 11:53am by Yvonne Liu

    ... The most frequently asked question was why the acquisition was made when retail rents were peaking. The shop on Matheson Street is leased to a seller of audiovisual products at a monthly rent ... in retail rents will not be as fast this year as in the past few years. yvonne.liu@scmp.com ...

  9. Property - Hong Kong & China - RETAIL

    Mainland Chinese's declining spending hits rents for Hong Kong's street-level shops

    Posted May 29th 2013, 12:00am by Sandy Li

    ... hits shop rents Rents for street-front shops in prime locations are plunging as tenants and landlords adjust to a fall in mainland visitors that has triggered a slowdown in the growth of retail ... negotiated at big discounts to the jaw-dropping rent rises originally sought by landlords. Jewellery retailer Chow Tai Fook recently leased a 4,500 sq ft street-level shop in Yee Wo Street, Causeway ...

  10. Business - Economy - RETAIL

    Jewellers say no to high rents forprime shop sites

    Posted May 31st 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Jewellers say no to high rents forprime shop sites Retailers selling luxury watches and jewellery are rejecting the idea of paying big premiums for prime ... Wo Street, Causeway Bay, for HK$2 million a month, 40 per cent below the landlord's original asking price of HK$3.3 million. Lin said he expected the growth in retail rents would be just ...




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