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  1. Link's high rents hurting retailers, lawmakers say

    Posted Dec 17th 2008, 12:00am by Celine Sun

    ... Celine Sun Shopping-centre owner The Link Reit came under fire in the Legislative Council yesterday over its hefty rent rises amid the financial crisis. Several lawmakers urged ... time... We will consider [offering assistance in] individual cases if they need help,' he said. Lawmaker Lee Cheuk-yan of the Confederation of Trade Unions said high rents imposed by The Link ...

  2. Hold the tears for cashed-up retailers seeking mall mercies on rents

    Posted Feb 22nd 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'The store would never make a profit if we accepted the new rate. We hope other retailers oppose the high rent policy.' Paul Law Tim-fuk Director, Luk Fook Holdings International (Jewellery retailer) OUR HEADLINE ON the front page story on Saturday stated it more strongly- 'Retailers refuse to pay as rents skyrocket up to 60 per cent'. ...

  3. Cash registers play landlords' tune as retail sales back rent rises

    Posted Oct 07th 2004, 12:00am by Jake Van Der Kamp

    ... these rents up. Let us start by putting matters in perspective. The first chart compares the government's index of rents for retail premises to the government's index of retail sales value. ... that the market will bear more. The latest figures are only up to July but they already show the value of retail sales rising faster than shop rents since the middle of last year. Let us also have ...

  4. Retailers play the survival game

    Posted Jul 19th 2006, 12:00am by Sandy Li

    ... Sandy Li Amid rising rents, operators adopt strategies such as moving back-offices, buying shop space or just closing expensive sites Squeezed between soaring retail rents and a highly ... north of the border, some small retailers and banks choose to buy their own shop space to avoid the ups and downs of rents. For property agents, the number of shops they keep serves ...

  5. Rent surge hits restaurants

    Posted Aug 24th 2011, 12:00am

    ... in Canton Road, Tsim Sha Tsui, have been edged out by jewellery retailers who can pay rents of millions of dollar a month. It is hard to blame landlords for charging higher rents if the area ... Sandy Li sandy.li@scmp.com Landlords of street-level shops in Hong Kong are demanding big rent increases as leases come up for renewal, forcing tenants to quit in search of cheaper ...

  6. Higher rents boost Link Reit half-yearly income

    Posted Nov 10th 2011, 12:00am

    ... than 15 per cent on the back of high rents. The Link Reit, which owns more than 180 shopping centres and car parks formerly owned by the Housing Authority, said its total distributable income in the six months was HK$1.42 billion, up from HK$1.17 billion the previous year. Net property income jumped 15.6 per cent to HK$2.04 billion. The rise in income was fuelled by higher rents ...

  7. Relocations rein in landlords

    Posted Feb 22nd 2006, 12:00am by Sandy Li, Yvonne Liu

    ... Sandy Li and Yvonne Liu Ground-level shop owners are cutting rents to lure back retailers stung by overexpansion and lower than expected profits Landlords of street-level shops in Hong Kong have lowered their asking rents by up to 30 per cent as retailers that expanded too aggressively move to lower-cost areas. A slowdown in retail sales since the third quarter of last year ...

  8. Despite concerns, The Link sidesteps calls to cut rents

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... tenants have protested in recent weeks against hefty rent increases. In Lok Fu Shopping Centre, rents are being raised from HK$30 a square foot to as much as HK$130. The Link Reit owns 180 retail ... directors have argued that small-to-medium-sized retailers, which form the backbone of the malls and provide necessities for residents, could not afford hefty rent increases. Analysts say moderate ...

  9. The Link sidesteps calls to cut rent, reports income rise

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... some directors have argued that small-to-medium-sized retailers, which form the backbone of the malls and provide necessities for residents, could not afford hefty rent increases. Analysts say ... Fulton Mak Shopping centre owner The Link Reit remains unmoved by calls to decrease or freeze rents to help tenants through the tough financial times, despite the government's ...

  10. 8pc rate rise likely as rents go up

    Posted Feb 17th 2005, 12:00am by Dennis Eng

    ... the prices of prime real estate. Buoyant consumer sentiment has also seen rent soar for retail space, especially in popular shopping areas such as Tsim Sha Tsui and Causeway Bay, forcing many ... Dennis Eng Shop owners and landlords are likely to see government rates rise by an average of 8 per cent in the coming financial year as rents continue to rebound. Provisional data from ...




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