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  • August 23, 2014
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  1. Property - Hong Kong & China - PROPERTY

    Prime rents under pressure as mainland China tourist numbers decline

    Posted May 12th 2014, 02:58am by Peggy Sito, TIFFANY AP

    ... A decline in retail sales, combined with an unexpected drop in mainland tourist arrivals for this month’s Labour Day holiday, are signals pointing to a reversal of rising retail rents in Hong Kong. ... reversion is still achievable for centres in 2014, though it will not be as strong as previous years. Tom Gaffney, head of retail at JLL Hong Kong, predicted flat growth in rents this year, but he ...

  2. Business - Economy - PROPERTY

    Call for last orders after 45 years

    Posted Nov 28th 2012, 12:00am by Paggie Leung

    ... with another ground level retail store and the property owner is asking for HK$110,000 a month in rent for the total 1,000 sq ft space, according to Brandy Ho Hon-ming, sales director of commercial ... Paggie Leung paggie.leung@scmp.com Cafe owner will shut the doors of his food shop after Shau Kei Wan's rents catch up with him Call for last orders after 45 years The 45-year-old Kam ...

  3. Property - Hong Kong & China - PROPERTY

    Chinese finance firms target Central offices

    Posted Aug 18th 2014, 03:56am by Peggy Sito

    ... in its Citibank Plaza in Central, offers a "flexible" rental strategy. Analysts said Champion Reit has decided to adjust its leasing strategy by reducing its asking rent from ... approach, saying the Central market would be stable in the second half because of a low vacancy of about 4 per cent. A modest growth in rents is possible, with demand for grade A office space ...

  4. Business - Companies - PROPERTY

    Luxury label agrees to hair-raising record IFC rent

    Posted Jul 11th 2013, 12:00am by Sandy Li

    ... with its HK$1,000 per square foot a month. Joe Lin, senior director of retail services at CBRE, said he believed the high-rent deals being cut by IFC were not only a record for Central but are also close to the levels commanded by shopping centres in Causeway Bay, the city's most expensive retail district. "The mall's rent still has potential to grow because of limited ...

  5. Property - Hong Kong & China - PROPERTY

    Shop operators take the stairs to avoid high rents

    Posted Jul 12th 2013, 12:00am by Sandy Li, RACHEL BUTT

    ... street-level shop rents are hitting Hong Kong's cheap eateries and mass retailers as jewellers and other luxury brands compete for prime space. To survive, many have been forced to extend ... opposite Causeway Bay MTR station, has a monthly rent of HK$11 million for its more than 50,000 sq ft shop. It is open from 10am to 1am. A director of retail services at consultancy Colliers ...

  6. News - Hong Kong - PROPERTY

    Rent of first McDonald's small fraction of today's

    Posted Jul 07th 2013, 12:00am by Lana Lam

    ... are like Hong Kong, where the high-street retail rent is affected by the consumption pattern or the number of tourists from a single country." The man who brought the first McDonald's ... small rent at 1975 launch It's hard to believe now, with McDonald's forced out of its Russell Street premises by a tripling of the rent to HK$1.58 million a month, but when the US ...

  7. Property - Hong Kong & China - PROPERTY

    Land sale attracts keen interest as developers bank on smaller flats

    Posted Aug 09th 2014, 04:11am by Yvonne Liu

    ... growth in rents also proved to developers that the demand from end-users is strong. That's why the tender attracted developers," Cheung said. Developers were also attracted to the Tsuen ...

  8. Business - Property - PROPERTY

    The slow death of small businesses in Hong Kong

    Posted Apr 03rd 2013, 12:00am by Bloomberg

    ... the trend. "There's only a limited supply of good spots and the rents are super high" in major shopping districts, said Joe Lin, senior director for retail services at CBRE Group. ... Across the harbour in Tsim Sha Tsui, retailers including Dolce & Gabbana and Chanel pay US$1,547 per square foot annually. Retail rents in the Central business district, where banks including ...

  9. News - China - PROPERTY

    New Beijing rules may allow homeowners to rent out their subdivided living rooms

    Posted Jun 13th 2014, 04:51pm by Zhuang Pinghui

    ... housing. A Beijing News reporter saw a three-bedroom flat divided into 15 rooms – and even the kitchen was rented out to a willing tenant. From February to May, the government of Beijing removed ... of the Beijing Social Order Comprehensive Management Committee, told the newspaper. Miao said the policy took into consideration market demand, renting policy and mitigating safety hazards. As of May, ...

  10. Business - Companies - PROPERTY

    Russell Street tops world in shop rents

    Posted Sep 20th 2012, 12:00am by Yvonne Liu

    ... Cushman & Wakefield, the average retail rent in the Causeway Bay street grew more than 13 per cent to US$2,800 per square foot a year in the second quarter. That was higher than the US$2,500 ... foot, less than US$2,500 at Fifth Avenue," said Sigrid Zialcita, a managing director of research services at the firm. "It means the retailers are willing to pay higher rent ...




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