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  1. 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 ...

  2. British retailer to pay a record HK$620psf for IFC Mall shop

    Posted Jan 25th 2010, 12:00am by Sandy Li

    ... that retails in Britain for GBP5 (HK$63). 'It is a record in our mall,' said Karim Azar, the assistant general manager for retail at IFC Mall. Rents at IFC Mall increased more than 20 per ... as HK$1,500 per square foot a month, as the landlord would charge turnover rents instead of base rents if their sales exceeded a certain amount. 'These retailers generated exceptionally good ...

  3. Chinese Estates selling six retail shops in Causeway Bay

    Posted Aug 05th 2009, 12:00am by Yvonne Liu

    ... Building in Tsim Sha Tsui, which is now open for leasing. Shares in Chinese Estates slid 0.29 per cent to HK$13.98 yesterday. Fully rented Estimated value of the six tenanted retail shops for sale, ... Yvonne Liu Property developer Chinese Estates Holdings plans to sell its retail shops in Causeway Bay, worth an estimated HK$2 billion, according to property agents. The company ...

  4. Funds shift focus to retail property

    Posted Nov 10th 2008, 12:00am by Sandy Li

    ... and no significant improvement in residential prices in the near term, he expects rising retail rents on the mainland to be sustained by domestic consumption. The Ostara China fund was formed to buy ... asking price. Property consultant DTZ remains upbeat on Shanghai's retail market. It expects retail rent in the city to continue rising in the face of a lack of supply particularly in prime ...

  5. Central bulges as retail booms

    Posted Oct 13th 2004, 12:00am by Peggy Sito

    ... makes sense for landlords to redesign their properties for retail use so they can ask for higher rents,' Mr Poon said. 'Office rents on the fringe of Central, which run at $10 to $11 ... as fringe landlords accelerate moves to turn low-rent office space into higher-rent shops. Property consultants say landlords with offices on bordering Wellington Street and Lyndhurst Terrace ...

  6. The Link defends rent rises as more than 100 shopping centre tenants protest

    Posted Jul 30th 2009, 12:00am by Celine Sun

    ... to be a responsible employer, but many small retailers say they are under mounting pressure in dealing with rent rises amid a grim economy. Lau Ma-hong, 52, who sells hardware on Lung Hang Estate in Sha Tin, ... in The Link has raised rents by 25 per cent in the past three years Last year gross rental income (in HK dollars) from its retail properties climbed 8.05 per cent to: $3.26b ...

  7. Mainland developers move to meet strong retail demand in Beijing

    Posted Jul 02nd 2003, 12:00am by Kenneth Ko

    ... excited,' Mr Davies said. Despite the large supply, overall rents for prime retail premises still had room to rise, he said. The increase in demand, coupled with a lack of available space at present ... sectors such as beauty and cosmetics, leisure and entertainment,' he said. Retail rents in Beijing's prime Wangfujing area are continuing to show improvement, with ground floor levels ...

  8. Retail podium up for tender

    Posted May 05th 2004, 12:00am by Staff Reporter

    ... a retail office block at 8Russell Street. The podium alone cost $367 million. With anchor tenants such as Armani and Max & Co, the commercial space generates a monthly rent of $2.7 million. ... Ernest Kong Australia-based investment fund Macquarie Real Estate Asia is the latest foreign fund to cash in its real estate investment in Hong Kong as retail property prices surge. ...

  9. Demand and rents are bouncing back

    Posted Jun 11th 2010, 12:00am by Alex Frew Mcmillan

    ... of the sectors that drive demand for serviced flats. That produced a significant drop in rents in the second half of last year. But the downturn was short-lived. 'Occupancy is back, we are at over ... levels.' Units in Shama's flagship Causeway Bay building were renting for HK$21,800 for a 380 sqft studio in the first quarter, according to Jones Lang LaSalle, up 10 per cent from the end ...

  10. Retailer sets store by its gadgets and designs

    Posted Sep 04th 2004, 12:00am by Michael Logan

    ... Michael Logan Electronics company returns to Asia to offer unique lifestyle products At the Times Square shopping centre in Causeway Bay, scores of people mill about electronics retailer ... its own. While other retailers crowd shelves with devices- an attempt to maximise sales per square foot of high-priced retail space- the product displays at Oregon Scientific are surprisingly ...




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