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  1. 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
  2. Property - Hong Kong & China - LEASING

    Retailers downsize as luxury sales slump

    Posted Jun 10th 2014, 03:37pm by Sandy Li

    ... the contract late last month after retailers became alarmed by a controversial proposal to reduce the number of mainland visitors by 20 per cent. It then decided to lease a 250 sqft shop at a rent ... rents to performance," Lo said. After adopting this strategy, he said, rental expenses for retailers selling cosmetics fell to 10.5 per cent from 11.4 per cent. "In response ...

    http://www.scmp.com/property/hong-kong-china/article/1529249/retailers-downsize-luxury-sales-slump
  3. Property - Hong Kong & China - LOGISTICS

    Warehouse rents rise due to limited supply

    Posted Jun 23rd 2014, 11:18am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Rising rents caused by limited supply and surging demand are threatening city's position, with government focused on new homes Warehouses running out of space in HK Rents in Hong Kong's warehouse sector have shot up because of a shortage caused by robust retail demand, and the limited supply could eventually harm the city's ...

    http://www.scmp.com/property/hong-kong-china/article/1538789/warehouse-rents-rise-due-limited-supply
  4. Property - Hong Kong & China - LEASING

    Sportswear retailer sells online but still needs his shop in Mong Kok

    Posted Jun 03rd 2014, 02:18pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Yet businesses insist they need to keep some physical retail presence for customers Online shoppers help ease retailers' rising rent pain Small sportswear retailer Jimmy Wong Man-fai started to offer online shopping in 2005 as soaring rents forced him to scale down his shop in Mong Kok. Wong had to make the switch in his business strategy when Ginza ...

    http://www.scmp.com/property/hong-kong-china/article/1523767/sportswear-retailer-sells-online-still-needs-his-shop-mong
  5. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1510197/prime-rents-under-pressure-mainland-china-tourist-numbers
  6. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1316946/canton-road-defies-retail-property-market-rising-store
  7. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1296421/good-times-ending-hong-kongs-retail-landlords-rents-fall
  8. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1248300/mainland-chineses-declining-spending-hits-rents-hong-kongs
  9. 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 ...

    http://www.scmp.com/business/economy/article/1249969/jewellers-say-no-high-rents-forprime-shop-sites
  10. Property - Hong Kong & China - RETAIL

    Hong Kong retail rent growth seen at 5pc this year, says consultancy

    Posted May 01st 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Store rents forecast to rise 5pc this year Retail rents in Hong Kong are expected to grow at a more moderate pace of about five per cent this year, says Jones Lang LaSalle. In its new report, the firm says the limited availability of retail space and consequently high rents in prime shopping districts continue to challenge cost-sensitive ...

    http://www.scmp.com/property/hong-kong-china/article/1226923/hong-kong-retail-rent-growth-seen-5pc-year-says-consultancy

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