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.

Tuesday, 25 March, 2014, 1:18am 2 comments

Faith can go on its merry way, but get the festive spirit and shop

A view of holiday lighting decorations on trees and installations at an open plaza of a shopping district in Beijing. Photo: EPA

"Merry Christmas and Happy New Year" is probably the most frequently heard greeting these days in offices or on the street in Hong Kong. On the mainland, the story might be a little bit different.

23 Dec 2013 - 8:21am 1 comment

Hotlines spring up for China VIPs to buy luxury goods amid anti-graft drive

A shopping mall in Shanghai. Photo: Xinhua

I was back in Shanghai for a quick trip recently and dropped by several big shopping centres on Nanjing Road, one of the mainland's busiest streets. Ironically, these shopping centres - and, in particular, the big luxury brand shops inside - didn't look busy at all. They were almost empty.

22 Jul 2013 - 7:25am 2 comments

Chinese shoppers ready to go out and spend more

Almost two in five respondents to a Nielsen survey say they would increase spending, the highest level since the third quarter of 2010.

Optimism about job prospects and personal financial status helped keep confidence high among mainland consumers, who showed a greater willingness to spend in the first quarter, a survey has found.

23 May 2013 - 4:45am

Reading is believing for social media fans

Social media users are happy to try on other people's views for size as shoppers. Photo: Bloomberg

Writing a comment on your Facebook page about the latest mobile phone you just bought or posting a picture on Weibo featuring the new dress you are wearing is not your personal business any more. Increasingly it is influencing other people's buying decisions.

22 May 2013 - 5:30am

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

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

'Golden week' losing its lustre for Hong Kong businesses

A jewellery store in Mong Kok starts to fill display cases in readiness for the expected rush for gold products this week. Photo: Felix Wong

The Labour Day holiday got off to a sluggish start, prompting fears that Hong Kong may have lost some of its appeal for free-spending mainland shoppers. About 270 tours arrived in the city, with 900 more expected before the end of the week.

30 Apr 2013 - 8:59am 8 comments

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

Local character 'key to keeping Hong Kong's allure'

Mainland shoppers are increasingly travelling overseas rather than to Hong Kong to buy the latest or limited-edition international brands. Photo: Dickson Lee

Hong Kong is losing its edge in attracting mainland shoppers as the city's local character fades from its prime shopping districts, a property consultant warns.

12 Apr 2013 - 5:43am

Addicted to Gucci: Buzz Bissinger's confession reflects global issue

Man watches in front of window display outside a Gucci store in Hong Kong. Photo: Reuters

A lot of people, especially men, seem to find the idea of shopping addiction funny, but like sex addiction, the phenomenon is very real and getting worse as a consequence of internet shopping. The recent case of Buzz Bissinger has firmly added shopping to the long list of addictions that require years of therapy.

4 Apr 2013 - 10:39am

Letters to the Editor, March 19, 2013

Ordinary masks will offer no protection. Photo: EPA

I am writing as a concerned citizen of Hong Kong, on the issue of the banners that have been proliferating around this city in recent times.

19 Mar 2013 - 5:20am 3 comments

Letters to the Editor, March 14, 2013

Calcium is very important for young children. Photo: AP

I would not be in favour of land on which underused sports facilities, yacht clubs and camp sites are located being turned into sites for new flats.

14 Mar 2013 - 2:59am

Citygate Outlet team bids for another site at Tung Chung

Citygate lures an increasing number of mainland shoppers from traditional shopping districts such as Causeway Bay.

A friend recently paid a visit to Citygate Outlet shopping mall in Tung Chung. She thought she was in Canton Road, Tsim Sha Tsui. Shops selling designer fashion brands and sports items, including Burberry, Coach, Levis, Polo, Nike and Adidas, were jam-packed with mainland buyers.

12 Mar 2013 - 5:46pm 4 comments

Lantau group looks to court mainland China tourists

The alliance says luring mainland tourists away from busy areas like Causeway Bay to new malls on Lantau Island could help ease overcrowding in the city. Photo: K. Y. Cheng

A business alliance's proposal to develop Lantau Island into a commercial zone to divert tourists from overcrowded districts has sparked heated debate.

11 Mar 2013 - 11:15am 11 comments