Rents

Victoria Park's Lunar New Year Fair gets final touches

A worker grooms a festive citrus plant at a stall. Photo: Nora Tam

But many owners were also predicting a less profitable year because of the rocketing costs of booths - an increase they were reluctant to pass on to consumers.

Monday, 4 February, 2013, 4:41am

Individual investors drifting towards industrial property

Wah Tak Industrial Centre prices have soared. Photo: Peggy Sito

Three months ago property investor Rainbow Chan, who is in her mid-40s and lives in an apartment owned by herself and her husband, invested HK$1.38 million in a 567 square foot industrial unit in the industrial estate.

30 Jan 2013 - 4:07am

High-end Hong Kong flats priciest in world

Hong Kong is the most expensive location in the world to rent a high-end, three-bedroom apartment. Photo: Reuters

Hong Kong is the most expensive location in the world to rent a high-end, three-bedroom apartment, according to the latest data from ECA International.

30 Jan 2013 - 4:07am

Pan-democrats' focus on democracy has let down Hongkongers

Democratic Party leader Emily Lau Wai-hing used her allotted time during a Legislative Council session with Leung Chun-ying to scold him about democracy rather than challenge him on livelihood problems. Photo: Dickson Lee

I have now reached a point where I care far less about Hong Kong achieving universal suffrage than having to pay nearly half my income in rent. How can it possibly excite me to be able to vote for the chief executive in 2017 when, by that time, my rent could be gobbling up most of my income?

28 Jan 2013 - 3:04am 13 comments

Property Digest, January 23, 2013

Luxury flat rents fell 1.3 per cent in December, compared with a 0.2 per cent fall in the previous month, due to the government's tightening measures and the festive holidays, according to Ricacorp Properties, which monitors the rents of 35 luxury developments in Hong Kong.

23 Jan 2013 - 4:47am

Michelin guides underscore sad reality of soaring rents

Michelin guides underscore sad reality of soaring rents

Hong Kong's reputation as a gastronomic paradise means there is no shortage of restaurants for different taste buds and budgets. But the presence of some 10,000 outlets also means the industry is highly competitive. If being able to survive is already a success, to be able to stand out and win praise from gourmet experts is even more so.

18 Dec 2012 - 2:03am 1 comment

Subdivided-flat misery much worse than realised, study finds

A subdivided flat in Sham Shui Po. Officials have no real idea how many families live in such accommodation. Photo: David Wong

As many as 280,000 families could be living in subdivided flats in old buildings across the city, with many paying higher than average rents, according to a new study by a concern group.

17 Dec 2012 - 5:22am 4 comments

'Shoe box' rents up as first-time buyers hang fire

A 471 sq ft flat in Lime Habitat was leased last month for HK$40 per sq ft.

Rents for "shoe box" flats in urban areas have risen rapidly recently and in some cases now exceed rents fetched in blue-chip housing estate Taikoo Shing.

Driving the sharp increases, say agents, is a growing number of prospective first-time buyers who are choosing to delay their purchases in the expectation that prices will fall due to the October property cooling measures.

12 Dec 2012 - 4:07am

Mass market home rents surge, luxury rents flat

Home rents have been rising in the mass market, while luxury sector rents have remained flat.

Surging mass market home rentals so far this year have hit the headlines in Hong Kong, but in the luxury sector rents have barely budged - prompting quips of a "tale of two rental markets".

28 Nov 2012 - 3:13am

Family, faith and hard work keep Hong Kong dream alive

The Hong Kong dream: a Shanghai immigrant survived and prospered in Hong Kong, adapting to the city by opening one of the first 24/7 restaurant in Causeway Bay.

My previous column about one man's "Hong Kong dream" and how it had been affected by the city's new property tax apparently proved to be something that not everyone agreed on. Some readers doubt if Hong Kong will ever be the Asian version of the American dream.

12 Nov 2012 - 7:05am 6 comments

Hong Kong banks and bankers seek cheaper rents

Taikoo Place in Quarry Bay. Photo: Bloomberg

Banks and bankers are on the move in Hong Kong, searching for less expensive corporate and personal digs as the city's rents head ever higher.

12 Nov 2012 - 7:04am