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  • July 30, 2014
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  1. HK has third-most expensive shop rents

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

    ... 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 around the world ... 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 increase ...

    http://www.scmp.com/article/716736/hk-has-third-most-expensive-shop-rents
  2. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Tokyo Fast Retailing cuts annual profit forecast Fast Retailing, Asia's biggest clothing retailer, cut its forecast for annual profit for the second time in the current ... not profitable" and did not meet target in the third quarter, Fast Retailing spokesman Keiji Furukawa said. There could be an impairment charge relating to the unit and costs of opening US stores ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  3. Business - Economy - LIGHT POLLUTION

    Higher rent may be the price for a good night’s sleep

    Posted Jul 08th 2014, 11:18am by Richard Wong

    ... Richard Wong The market has found its own way of dealing with light pollution in Hong Kong, where higher rents may be the price for a good night's sleep Neon nuisance Nobel laureate ... in their vicinity. What can Coase's reasoning offer on this issue? Those least affected by it live in brightly lit neighbourhoods The neon lights are erected by shopkeepers who rent wall space from ...

    http://www.scmp.com/business/economy/article/1549450/higher-rent-may-be-price-good-nights-sleep
  4. News - Hong Kong - HOUSING

    Lawmakers call for study into return of rent controls to protect tenants

    Posted Jul 08th 2014, 03:42am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Lawmakers call for study into rent controls Lawmakers have called on the government to consider reintroducing rent controls despite government findings ... controls would prevent poor tenants being forced from their homes by the city's soaring rents. "Tenants have little bargaining power," Kwok Wai-keung, from the Federation of Trade ...

    http://www.scmp.com/news/hong-kong/article/1549165/lawmakers-call-study-return-rent-controls-protect-tenants
  5. Property - Hong Kong & China - MAINLAND RETAILING

    Shop rents driven by cashed-up youth

    Posted Jun 19th 2013, 12:00am by Peggy Sito

    ... Peggy Sito Peggy.sito@scmp.com Spending power of fashion-conscious young shoppers draws Hong Kong developers and international retailers to second-tier cities Shop rents driven by cashed-up youth Shop rents in most mainland cities are expected to increase steadily as retail sales continue to grow on the back of a vast market of young, fashion-conscious shoppers who ...

    http://www.scmp.com/property/hong-kong-china/article/1263703/shop-rents-driven-cashed-youth
  6. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... Jake van der Kamp Housing Authority will run out of money if it continues building flats without raising rents that are already among the lowest in urban world High time we stopped paying this rent Professor Raymond So Wai-man, who chairs the Housing Authority's finance committee, said it may need to ask for more funding as its coffers will have dwindled to HK$28.2 billion ...

    http://www.scmp.com/business/article/1549258/housing-authority-must-raise-public-housing-rents-or-run-out-money
  7. Business - Comment - THE VIEW

    So you want to run a restaurant?

    Posted Jul 16th 2014, 12:12pm by Stephen Vines

    ... Stephen Vines Restaurateurs trying to keep a step ahead of the landlords are creating new dining hubs in cheaper areas, but rent rises are never too far away Price of success You know that thing they say about what really matters in retail business- location, location and location- it might be a cliché but it's hard to deny because it is really hard to sell even the best ...

    http://www.scmp.com/business/article/1555307/so-you-want-run-restaurant
  8. Property - Hong Kong & China - RETAILING

    Retailers keen on fringe areas such as Gough Street and Hollywood Road

    Posted Sep 25th 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Slowdown in trade and rocketing rents in prime districts are causing top brands to move out to areas such as Gough Street and Hollywood Road Retail shift ... in rents in prime shopping areas such as Russell Street in Causeway Bay. Meanwhile, in secondary shopping areas such as Percival Street in Causeway Bay, shops are being left vacant as retailers ...

    http://www.scmp.com/property/hong-kong-china/article/1316947/retailers-keen-fringe-areas-such-gough-street-and-hollywood
  9. Rising rents shake up retail sector

    Posted Aug 19th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Falling sales and rising rents are forcing a shake-up of Hong Kong's retail sector as underperforming retailers are forced to shut outlets in prime locations and move ... former landlord Francis Choi Chi-ming immediately put the premises back on the market for HK$2.5 million a month, 32 per cent higher than the rent the appliance retailer had been paying until ...

    http://www.scmp.com/article/690102/rising-rents-shake-retail-sector
  10. Foreign retail chains enticed by lower rents

    Posted Mar 02nd 2009, 12:00am by Sandy Li

    ... Sandy Li Falling shop rents in Hong Kong have intensified competition in the retail sector by prompting international retail chains to expand their presence in the city while also luring ... bigger store would open in April, sources said. Sources close to H&M attributed the chain's aggressive expansion plans to the drop in retail rents. 'H&M has not set a target ...

    http://www.scmp.com/article/671758/foreign-retail-chains-enticed-lower-rents

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