Retail Properties

Hong Kong ranks as the world's most expensive high-street retail destination with average rent of US$4,327 per sq ft per annum, surpassing New York, Paris, London and Tokyo by a substantial margin, according to the latest research from CBRE. This is the third consecutive year that Hong Kong has ranked top of the global list. 

Sun Hung Kai's Beijing manager Ian Choy has learned to adapt

Ian Choy at Beijing apm. A 14-year veteran of the Beijing property scene, he remembers having to hire hotel staff to manage his first mall there. Photo: Simon Song

Fifteen years ago, the concept of a "shopping mall" was still new in Beijing when Ian Choy Chi-keung, chief local representative of Sun Hung Kai Properties, was tasked with opening a new shopping mall in the city.

Wednesday, 21 November, 2012, 4:02am

Demand for Hong Kong retail space set to soar

Protest posters on display at a shop in the DNA Galleria in Tsim Sha Tsui.

A rising tide of liquidity and the government's latest measures to curb speculative home-buying could combine to drive demand up for retail property investment, say property agents.

7 Nov 2012 - 3:16am

DNA Galleria buyer's ousting of tenants causes a shock

Protest posters at the DNA Galleria in Tsim Sha Tsui. Tenants are protesting over the new owner kicking them out. Photo: Jonathan Wong

The day that Lau Chun-kai signed an agreement to lease a 500 square foot shop on the second floor of the DNA Galleria shopping mall in Tsim Sha Tsui in August was one the 24-year-old hoped to celebrate for years to come.

7 Nov 2012 - 3:16am

Retail rents and sales mostly still rising in China

The mainland's rising middle class is fuelling high growth rates in the mass market sector. Photo: AFP

With consumer markets in Europe and the United States still suffering from the effects of the financial crisis of 2008, China had been the main beacon of hope for retailers looking for a boost to lacklustre sales elsewhere.

7 Nov 2012 - 3:16am

US$50 million Macau fund injection shows confidence in city

The Waterside in Macau, which has now reached more than 90 per cent occupancy. Photo: SCMP

Sniper Capital, a manager of real estate funds invested in Macau, is raising a capital injection for its fund that invests in the food and beverage industry and retail properties in view of the strong economic fundamentals in the city.

19 Sep 2012 - 3:19am

Business Digest, September 13, 2012

Annual investment in shopping malls and shops may rise. Photo: Bloomberg

Capital outflows revised lower

13 Sep 2012 - 3:00am

Investors snap up grade B space

Easier access to credit has brought property investors back to the market in search of retail stores in non-prime locations and grade B offices.

7 Mar 2012 - 12:00am

Chinese Estates to report first loss in 6 years

Chinese Estates Holdings expects to report a loss for last year, its first red ink since 2002 amid a bruising downturn in the mainland and Hong Kong property markets.

Analysts said other landlords were also likely to post net losses for 2008 because of the deteriorating property market.

27 Feb 2009 - 12:00am

Sunlight Reit expects strong market growth

Strong demand for office and retail space will continue to underpin rental growth this year, Sunlight Real Estate Investment Trust said.

23 Feb 2008 - 12:00am

Completions stay within projections

Developers completed 17,917 private residential units in the first nine months of the year, accounting for about 66 per cent of the official forecast for the year.

Completions for the third quarter amounted to 4,281 units, figures released by the Rating and Valuation Department showed.

6 Dec 2000 - 12:00am

Guangzhou Metro development boosts prime-site retail rentals

RETAIL outlets affected by Guangzhou's Metro development are being forced to relocate, fuelling demand for shops in other popular areas of the city, according to a report by Uni-Pacific Property Consultants.

The report said many retail operators in Zhongshan Road, affected by the Metro project, were looking elsewhere and premises in Beijing Road and Xihu Road were in demand.

31 May 1995 - 12:00am