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  • October 31, 2014
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  1. 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 ...

  2. News - Hong Kong - TOURISM

    Property, retail shares fall on fears chief executive will cut mainland visitor numbers

    Posted May 27th 2014, 11:16pm by Johnny Tam, Peggy Sito and Tiffany Ap

    ... Johnny Tam, Peggy Sito and Tiffany Ap Chief executive plays down talk of 20pc cut in mainland visitors but property and retail investors don't get message and shop owners cry foul ... But that didn't stop the shares of retailers and property developers falling and retailers crying foul. Leung said the government was "listening to views" about how to handle the annual influx ...

  3. Property - International - SOUTH KOREA

    Low interest rates prompt switch from deposit-based rentals in South Korea

    Posted Oct 22nd 2014, 05:16am by Reuters

    ... for decades operated the jeonse rental system, whereby tenants pay a deposit that can be more than half the home's value instead of having to pay a monthly rent. There is a huge pool of funds ... into deflation. The extra money coming into circulation will help his strategy to lift asset prices as a way to boost consumption. Lee Yeon-hee, an office worker in her 20s, had rented through a jeonse ...

  4. 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 ...

  5. Lifestyle

    Watches & Wonders show moves towards being a retail event

    Posted Oct 09th 2014, 05:37pm by Abid Rahman

    ... Abid Rahman life@scmp.com Amid a backdrop of student protests, this year's Watches & Wonders show marks transition to a more retail-oriented exhibition next time Organisers ... for deals to be thrashed out with collectors and retailers. This commercial focus was reinforced by retail buyers, who said they now had more reason to attend the fair. One Hong Kong-based buyer, ...

  6. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Hysan base rents strategy pays as retail sales soften Hysan Development, the largest landlord in Causeway Bay with properties such as Hysan Place, boosted its ... bearish then, and we even started to change our strategy to rely on base rents two years ago," said Lau Siu-chuen, Hysan's deputy chairman. In the first half, Hysan's retail rentals ...

  7. Lifestyle - Fashion & Watches

    Website that rents luxury accessories takes off in Hong Kong

    Posted Jun 06th 2014, 12:11am by P. Ramakrishnan

    ... Ramakrishnan From bags to riches It isn't a novel idea, but it's a good one: a website that offers luxury designer bags for rent at a fraction of their retail price. LuxTNT.com launched ... around HK$33,000) for HK$627 per day. Others include a dual-beaded leather clutch from Valentino that usually retails for about HK$20,770 but can be rented for a mere HK$395 per day or HK$2,405 ...

  8. 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 ...

  9. Business - Companies - THE INTERVIEW

    Driven into the job- by a love affair with wine

    Posted Oct 18th 2014, 05:47am by Enoch Yiu

    ... through auction. We decided to expand that retail business here for the same reason.   Hong Kong is known for its high rents. How do you cope with that? Our e-commerce website sothebyswine.com.hk ... Enoch Yiu enoch.yiu@scmp.com The joys of a fine vintage has seen Robert Sleigh rise from delivery driver to running an auction house and retail shop serving the finest wines Driven ...

  10. News - Hong Kong - SHOPPING

    Drop in retail sales biggest in five years as surge in number of mainland visitors slows

    Posted Jun 03rd 2014, 11:51pm by Amy Nip, Denise Tsang

    ... impact on retailers, who were reeling from rocketing costs and particularly from soaring  rents. On top of that, retail stocks have been hammered this year. Cosmetics chain Sa Sa has seen its ... Amy Nip and Denise Tsang Figures dip for third month in a row, with trade in luxury items down almost 40pc in April as surge in number of mainland visitors slows Drop in retail sales ...




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