Annual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson LeeAnnual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson Lee
Annual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson Lee

Emperor, biggest landlord on Hong Kong’s Russell Street, world’s most expensive shopping avenue, reports US$464.5 million loss

  • The loss, Emperor’s first since 2016, can be attributed mainly to a revaluation loss of HK$1.4 billion on investment properties, it says
  • Company plans to issue a final dividend of HK$0.035 per share, bringing the total to HK$0.07 for the year, down from HK$0.11 last year
Topic |   Hong Kong property
Annual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson LeeAnnual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson Lee
Annual rent on Russell Street dropped to US$2,000 per square foot in the first quarter of this year, a third lower than its highest level recorded in 2013. Photo: Dickson Lee
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