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  • October 23, 2014
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  1. News - Hong Kong

    Hong Kong leaves New York in the shade for prime retail rents

    Posted Feb 08th 2013, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Prime sites 46pc more expensive than in Big Apple and four times higher than London HK leaves New York in shade for retail rents Bad news for small shopkeepers- Hong Kong still has the most expensive prime retail rents in the world, according to property consultancy CBRE. At US$4,335 per square foot a year in the fourth quarter last year, ...

  2. Property - Hong Kong & China - RETAIL

    Global retail report says Hong Kong is most expensive place for shop rents

    Posted Sep 12th 2012, 12:00am by Peggy Sito

    ... expansion. Rents in Shanghai and Beijing, which are popular entry points for international retailers, climbed to US$368 per sq ft and US$404 per sq ft, respectively. James Hawkey, executive director ... Peggy Sito peggy.sito@scmp.com A global report says top rentals in prime areas have soared to over US$927 per sq ft per year HK confirmed as the most expensive for shop rents Hong Kong ...

  3. Central, Kowloon trump London, Paris for retail rent

    Posted Jul 12th 2012, 12:00am

    ... Peggy Sito peggy.sito@scmp.com While it may cost an arm and a leg to shop at some Hong Kong clothing boutiques, fashion retailers are also paying through the nose to rent space ... its top spot as the world's most expensive fashion retail street, with annual rent of US$2,633 per sq ft as of March. Next were Queen's Road, Central, and Canton Road, Kowloon, ...

  4. City's retail rents hitting top of curve

    Posted May 30th 2012, 12:00am

    ... rents, say analysts. After almost doubling in the last three years as retailers scrambled for prominent locations in tourist hot spots, rents in prime Hong Kong shopping districts are now likely to remain unchanged or at best show only modest growth, they say. 'In the short run, retail rents are close to their peak,' said Joe Lin, senior director of retail services at property ...

  5. Retail rents in 16 markets shows sluggish growth

    Posted May 24th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Retail rents in 16 major cities in the Asia-Pacific region grew sluggishly in the first quarter as a weakening global economy dampened consumer confidence. ... expansion amid the uncertain economic outlook. Retail rents in Hong Kong grew 1.9 per cent, but the rate of growth continued to slow. In the fourth quarter of last year, rents rose 3.3 per cent. ...

  6. Reits push through retail rent rises as shoppers pour into malls

    Posted Feb 10th 2011, 12:00am by Sandy Li

    ... Sandy Li Fortune Real Estate Investment Trust (Fortune Reit), which owns 14 malls and retail centres in Hong Kong, said it expects to impose 'single-digit' retail rent increases ... per cent during Chinese New Year. Fortune's retail property portfolio comprises about two million square feet of retail space and parking slots for 1,669 vehicles. 'Tenants selling ...

  7. HK has third-most expensive shop rents

    Posted Jun 10th 2010, 12:00am by Peggy Sito

    ... in Causeway Bay was the most expensive luxury street front in the Asia-Pacific, according to a report by property consultancy Colliers International. The survey of rents in 127 premier retail streets ... of street-front shops in Russell Street increased 1.3 per cent from last year. Retail rents in the Champs Elysees in Paris jumped one rank to become the most expensive worldwide, with a 2.04 per cent ...

  8. Quiet Tai Hang takes on hip look as retail rents shoot up

    Posted Jul 23rd 2008, 12:00am by Staff Reporter

    ... SoHo on Hong Kong Island on the back of sharply rising rents in the neighbouring area, say agents. As was the case in SoHo (a name derived from its location South of Hollywood Road), Tai Hang ... in the districts, he added. Riding on the booming economy and the arrival of more tenants into the district, average retail rentals in Tai Hang are now up 60 per cent compared with three years ago, agents ...

  9. Retailers hope for longer rent-free period

    Posted Sep 28th 2007, 12:00am by Anita Lam

    ... Anita Lam Shop tenants welcomed the new management team of the Ngong Ping 360 cable car, with some saying they hoped their rent-free period could be extended when the tourist attraction ... shoes and bags shop owner Ming Leung agreed, saying about the possible extension of the rent-free benefit: 'It shouldn't be for just two to three months but for however long the cable ...

  10. Business - Companies - RETAIL

    Giordano sees lower rents in store for Hong Kong

    Posted Aug 16th 2012, 12:00am by Celine Sun

    ... Casual wear chain Giordano International expects rents in Hong Kong to soften due to a slowdown in retailing, after the company reported a better-than-expected 1.7 per cent growth in interim net ... thanks to improved inventory levels following the stock clearance. He said rents in Hong Kong were still too high considering the slowdown of the local retail market in the first half. "We ...




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