• Fri
  • Dec 26, 2014
  • Updated: 8:32pm

Retail Properties

China, Japan remain top targets for investors in Asia-Pacific retail property, JLL says

Cashed-up investment funds are likely to be looking at shopping malls on the mainland this year. Photo: Reuters

The amount of domestic and international capital aiming to invest in retail property in the Asia-Pacific is expected to grow this year, following the already “prolific activity” witnessed last year, JLL says.

Tuesday, 8 April, 2014, 2:33pm

From couture to coffee, retailers are tailoring shops to big spenders

Hong Kong's luxury retail sector has rebounded on the back of mainland shoppers. Photo: Bloomberg

Stroll around Tsim Sha Tsui, especially Canton Road, and you will see hordes of designer devotees. The shopping district is a good spot to look at the state of Hong Kong's luxury retail business. In fact, the sector has rebounded strongly since the financial crisis, and across Asia, upscale brand sales are booming, with Chinese shoppers at the front of the queue.

2 Apr 2014 - 2:56am

Does HK$1.38m per sq ft make sense for a shop in Causeway Bay?

This tiny shop in Matheson Street was sold for HK$180 million. Photo: Sam Tsang

The sale of a 130-square-foot shop in Causeway Bay for a record HK$1.38 million per square foot surprised the market two weeks ago.

I received many inquiries regarding the deal after the South China Morning Post reported on it. The most frequently asked question was why the acquisition was made when retail rents were peaking.

25 Mar 2014 - 1:18am 2 comments

Hysan Place helps drive developer’s underlying profit up 26pc

Hysan Place helped Hysan Development's rental income from the retail sector to surge 34.2 per cent. Photo: May Tse

Underlying profit for last year at Hysan Development, the largest landlord in Causeway Bay, jumped 26 per cent year on year to HK$2.04 billion thanks in part to the contribution from the recently redeveloped Hysan Place in the prime shopping district.

7 Mar 2014 - 2:58pm 1 comment

Carlyle Group sells prime office tower in Manhattan for US$1.3 billion

The tower at 650 Madison Avenue in Manhattan. Photo: Bloomberg

Carlyle Group's US$1.3 billion deal to sell 650 Madison Avenue will set a record based on the per-sq-ft price for the office tower, driven by its retail space in the heart of midtown Manhattan's Plaza district.

5 Jun 2013 - 4:40am

Jewellers say no to high rents forprime shop sites

Jewellery retailer Chow Tai Fook recently leased a 4,500 square foot street-level shop in Yee Wo Street, Causeway Bay, for HK$2 million a month.

Retailers selling luxury watches and jewellery are rejecting the idea of paying big premiums for prime street-front shops, as mainland shoppers spend less on expensive gifts.

31 May 2013 - 4:41am

Mainland Chinese's declining spending hits rents for Hong Kong's street-level shops

Rents for street-front shops in prime locations are plunging as tenants and landlords adjust to a fall in mainland visitors that has triggered a slowdown in the growth of retail sales.

Retail sales by volume were up 10.2 per cent year on year in March, down from a growth rate of 21.9 per cent in February, according to the latest government data. Growth in sales of jewellery, watches and high-priced gifts slowed even more sharply, falling from 27.9 per cent in February to 9.8 per cent in March.

30 May 2013 - 3:33pm 3 comments

More than 50 global retail brands set up shop in Hong Kong in 2012

Hong Kong provides a world-class shopping experience to suit any taste and budget. Photo: AFP

Fifty-one retail brands set up shop in the city, according to a study by CBRE Global Research & Consulting, which monitored more than 300 new retail openings across Asia-Pacific in 2012.

8 May 2013 - 2:33am

Popular pub out as Hysan redevelops Causeway Bay's Sunning Plaza

The redeveloped Sunning Plaza (centre) is due to open in 2018. Photo: Nora Tam

Causeway Bay is to lose a popular pub and restaurant on Hoi Ping Road to an office development. Landlord Hysan Development told more than 20 tenants of Sunning Plaza several weeks ago they would have to vacate the buildings in September.

1 May 2013 - 3:44am

Hong Kong retail rent growth seen at 5pc this year, says consultancy

Sha Tin is one of the new and emerging shopping districts that attract 'day trip' visitors. Photo: David Wong

In its new report, Jones Lang LaSalle says the limited availability of retail space and consequently high rents in prime shopping districts continue to challenge cost-sensitive retailers, many of whom are no longer able or willing to commit to paying higher rents.

1 May 2013 - 3:44am 1 comment

Shui On Land to convert Shanghai hotel into flagship retail store

Vincent Lo Hong-shui, Shui On chairman

The conversion of a luxury boutique hotel in a historical district of Shanghai into a multi-storey flagship retail outlet will be the first project to be tackled by China Xintiandi, a commercial property unit to be spun off by Hong Kong-listed Shui On Land.

24 Apr 2013 - 5:20am

More fast-fashion chains move into Shenzhen shopping centres

Luxury shopping malls in Shenzhen provide environments just as attractive as those in Hong Kong for the mainland wealthy. Photo: AFP

The flow of shoppers from Shenzhen to Hong Kong is slowing as more international fast-fashion chains open for business in the border city.

17 Apr 2013 - 5:31am

Global brands pause as store sales growth slows on China

Six high-end global retail brands reportedly plan to open 50 outlets in the coming years. Photo: Bloomberg

Global brands have scaled back their expansion plans on the mainland due to slowing growth in retail sales.

10 Apr 2013 - 5:47am

Demand sees Hysan boost Causeway Bay office space

Hysan plans to redevelop Sunning Court in Causeway Bay into a mixed-use office and retail complex together with Sunning Plaza to cope with future demand. Photo: Edward Wong

Planning is under way for the combined redevelopment of Sunning Plaza and Sunning Court in Causeway Bay into a mixed-use office and retail complex, Hysan Development said yesterday.

7 Mar 2013 - 6:12am

New curbs likely to hit industrial, retail sales hardest

A property agent (left) speaking to prospective buyers of commercial shops in Great George Street, Causeway Bay. Photo: Dickson Lee

As a measure of speculative deals in the sector, data from property broker Midland IC&I show that 1,276 confirmor sales were transacted in the industrial property market last year. Confirmor sales are deals in which a property is resold before the original transaction is completed.

27 Feb 2013 - 5:04am