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  • August 20, 2014
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  1. Retail rents at IFC Mall hit record HK$600 psf

    Posted Feb 08th 2007, 12:00am by Sandy Li

    ... other potential retail tenants were under way at prices of more than HK$400 per square foot. 'International brand names are willing to pay high rents for their first flagship store ... Sandy Li The Landmark's decade-long reputation as Central's most expensive shopping centre is being challenged by rival IFC Mall, where a branded Italian leather bag retailer ...

  2. Rise seen in grade A HK office rents

    Posted Mar 02nd 2012, 12:00am

    ... But residential profits should rebound next year when four Singapore projects were due for completion, he said. Over in the retail sector, Witt said average rents for the firm's retail properties ... Yvonne Liu yvonne.liu@scmp.com Hongkong Land, the largest landlord in Central, expects grade A office rents to rise in line with current market rates this year as older leases become due ...

  3. Fashion house sets record for shop rent

    Posted Feb 21st 2006, 12:00am by Sandy Li

    ... rents paid for street-level shops in Central range from $300 to $500 per square foot, according to property agents. DTZ Debenham Tie Leung retail director Lawrence Heung said that retailers ... is fashion label Chloe and she is about to become the highest rent-paying tenant in Central. Chloe, fashion designer to the rich and famous, plans to take up 3,000 square feet occupied ...

  4. 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 ...

  5. Rising rents in Central spur sales

    Posted Jun 18th 2008, 12:00am by Peggy Sito

    ... Peggy Sito Two office buildings in Central have been offered for sale by public tender against a background of growing confidence that office rents will continue to rise for the remainder ... square foot. Built in 1975 the 23-storey building offers a total lettable area of 60,587 sq ft, of which 15,937 sq ft is retail space and 44,650 sq ft is office space. Monthly income is about ...

  6. First-phase IFC Mall tenants face 10pc increase in rent

    Posted Jan 27th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Tenants who moved into the first phase of IFC Mall three years ago face an average 10 per cent increase in rent when they renew their contracts as property developer Sun Hung Kai Properties seeks to catch up with rivals in Central. Average rents at the mall ranged from $100 to $150 per square foot, SHKP leasing department general manager Lawrence Wu said. ...

  7. Central building sold for HK$4.88b

    Posted May 09th 2012, 12:00am

    ... not be reached for comment. Property agents say the building's occupancy rate stands at about 75 per cent, with office rents of HK$90 to HK$130 per square foot. The office floors available for lease ... market has recorded only a few transactions. Most investors are looking for retail properties, which have higher upside rental potential.' Simon Lo Wing-fai, executive director of Asia ...

  8. One for the books

    Posted Aug 04th 2006, 12:00am by Peggy Sito

    ... Peggy Sito A Causeway Bay retail shop may have set a record for Hong Kong retail rent after being leased for HK$8,000 per square foot per month on lettable floor area. Property agents said the shop's average rent was HK$1,400 per square foot on the basis of gross floor area, less than a HK$1,500 per square foot transaction clinched at the end of last year. Gross floor area is a common ...

  9. Record offer for Alexandra House brings no joy

    Posted Aug 01st 2012, 12:00am

    ... from this year to 2014. However, retail rents will continue to rise, he said. ... rebranded the shopping space at Alexandra House, The Landmark, Chater House and Prince's Building as a a luxury retail brand called 'Landmark'.' Alexandra House is surrounded ...

  10. Hongkong Land rental income up on sparse supply

    Posted Mar 23rd 2006, 12:00am by Staff Reporter

    ... Foster Wong Core office portfolio fetches rent near 12-year high on back of steady economy The good times continue to roll for landlords with Hongkong Land Holdings reporting that its office rentals are at their highest since the boom of 1994. The biggest landlord in Central said yesterday the highest monthly rent in its portfolio of five million square feet had exceeded $100 ...




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