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  • July 13, 2014
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  1. Property - Hong Kong & China - COMMERCE

    Soaring rents in prime locations push out local shops and restaurants

    Posted Feb 20th 2013, 12:00am by JUN CONCEPCION

    ... in the footsteps of some of her retailing friends. "I'll go online to save on crazy rents. I don't see any end to the rent increases in the coming months and years," she said. Another ... for the ground-level shop. "Small street-level retailers and even restaurant operators simply don't have any choice but to move out of prime locations and transfer to non-prime areas where rents ...

  2. Property - Hong Kong & China

    Rent rises to boost Fortune's income

    Posted Jan 28th 2014, 01:36am by Peggy Sito

    ... Investment Trust (Fortune Reit) expects a double-digit increase in rental income after leases for about 40 per cent of its shopping centres' rentable area expire this year. Rent increases ... 3 mall in Tsuen Wan this year. Fortune Reit has 17 private housing estate retail properties in Hong Kong, comprising 3.11 million square feet of retail space and parking spaces for 2,606 cars. ...

  3. 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 ...

  4. Property - Hong Kong & China

    High rents force banks to quit street-level space

    Posted Jan 20th 2014, 12:20am by KANIS LI

    ... to pay millions of dollars for street-level space in prime locations to draw shoppers. Rents for street-level retail space rose 0.7 per cent in the past quarter from the preceding quarter, according to data from Jones Lang LaSalle, compared to a 0.7 per cent drop in rents for office space on upper floors. Luxury jewellery and watch retailers and designer brands are the main occupants ...

  5. Relief for retailers

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... The Housing Authority is to halve shop rents at about 6,000 shops in January and February. Do you think this will encourage The Link Management to heed calls to reduce rents at its mall? Write to us. ...

  6. A business mind: Handy mobile renting for tourists

    Posted Jun 19th 2014, 03:47pm by CHRIS LAU

    ... Chris Lau What would you do if you had 3,000 smartphones sitting idly by? Staffers at local start-up Tink Labs certainly had an interesting way to put them into good use- they used them to build a pyramid, much as you would with decks of cards. But as if ...

  7. Macau retail rents may drop 30pc

    Posted Nov 19th 2008, 12:00am by Yvonne Liu

    ... created by tightened visa restrictions on mainland visitors and the global financial crisis, retailers and property agents warn. Property agents said retail rents could drop about 30 per cent ... would relax its restriction on mainland visitors to Macau in the short term. Before the change, the influx of mainland travellers had helped drive rents in Macau's retail market sharply ...

  8. Business - China Business - TECHNOLOGY

    After IPO success, JD.com chief seeks to oust Alibaba as No 1 online retailer

    Posted Jun 21st 2014, 12:53am by Reuters

    ... Reuters in Beijing After successful New York IPO, JD.com founder Richard Liu has his sights set on being No1 JD.com chief in control as he targets Alibaba With an iron grip, JD.com founder Richard Liu Qiangdong has dragged China's No2 online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target- beating Jack ...

  9. Swire says retail rents to offset softer office sector

    Posted Jan 31st 2009, 12:00am by Sandy Li, Yvonne Liu

    ... and Lunar New Year period. 'There was not a lot of change from the previous year.' He expects retail occupancy would remain at 100 per cent and retail rents would be stable. Property consultant Colliers International expects grade A office rents will come down a further 26 per cent this year. However, it expects retail rentals in core areas will drop 11 per cent. About 60 per ...

  10. Luxury brands drive retail rents

    Posted May 30th 2007, 12:00am by Yvonne Liu

    ... Widening gap in markets reflects changing shopping patterns of mainland tourists Rental growth in Hong Kong's retail leasing market has varied, as rents for prime street shops in Tsim ... a record high for retail rents in Tsim Sha Tsui. The rent has jumped 75 per cent from the pervious lease of about HK$400,000 a month. Nike has rented a three-level shop with 5,000 square feet ...




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