TOPIC

Retail properties

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.
Forthright Securities has leased three storeys of retail space totalling 14,000 sq ft at Golden Centre in Sheung Wan for its first flagship branch in Hong Kong. Photo: Google Maps
Hong Kong property

Hong Kong’s finance sector a ray of sunshine for city’s retail property segment

Financial services providers are emerging as a new force in the city’s retail property leasing space, analysts say.

Hong Kong economy

Fortnum & Mason’s Hong Kong branch to close on January 25, holds clearance sale

Hong Kong property

Repeat buyer tucks into another McDonald’s Hong Kong shop for US$15.2 million

Hong Kong property

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

City’s home prices are expected to rise around 10 per cent in 2026, with an ongoing rebound heralding the start of a new upcycle.

Hong Kong’s property sector is at the beginning of an upcycle, with prices likely to trend higher this year, according to Morgan Stanley. Photo: Dickson Lee
China’s private sector

Small restaurants in China starve as consumers suppress spending appetite

Per-capita spending per meal has dropped nearly 24 per cent since 2023, data provider says, as property slump sows uncertainty.

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Retailing

As Landmark revamps its offerings, retail concept Belowground debuts a new look

The upscale mall in Hong Kong’s Central district is undergoing a multimillion-dollar, three-year redevelopment for a new generation of shoppers.

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Luxury brands

Why global luxury brands are switching to shopping streets in China

Luxury giants are transforming China’s retail scene, blending culture, cuisine and shopping in vibrant street-level destinations.

Stand-alone flagship stores with distinctive architectural facades are gradually gaining traction in China. Above, Beijing’s Taikoo Li Sanlitun North. Photo: Zhu Wenqian
Hong Kong property

Kai Tak Stadium lifts Hong Kong’s status as major sports and entertainment venue

The 50,000-seat stadium drives repeat tourism, supports retailers and helps prop up retail property landlords, experts say.

Hong Kong property

With luxury absent, new entrants steady Hong Kong retail property

Newcomers from across Asia and Europe take advantage of cheaper rents while big-ticket brands delay major commitments.

International Property

Hongkong Land poised to launch US$6 billion Singapore property fund

The real estate fund, including stakes in One Raffles Quay and Marina Bay Financial Centre, will be Singapore’s largest, company says.

People walk across the Jubilee Bridge at the Marina Bay waterfront in Singapore on November 21, 2025. Photo: AFP
Hong Kong property

Hongkong Land’s leasing deal with major law firm a sign of ‘flight to quality’

Harneys’ new lease is a sign of firmer demand in prime locations after years of pressure, although citywide rents remain subdued.

An Alexandra House sign at Landmark in Central, December 7, 2023. Photo: Shutterstock Images
Hong Kong property

McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

Company secures 200 per cent gain in the fourth sale in an initiative to dispose of eight retail spots across the city.

Hong Kong property

Schiaparelli picks Hong Kong’s Landmark for first flagship Asian store

The fashion house, which is known for its unique and surreal designs, will open its boutique in Hong Kong January.

Hong Kong property

HSBC to occupy over 40,000 sq ft at Hong Kong’s Capitol Centre in 2026

Current tenant Chanel’s three-year lease for the prime retail space in Causeway Bay expires on May 15 next year.

HSBC is set to occupy more than 40,000 sq ft of space in Capitol Centre in Causeway Bay. Photo: Google Maps
Hong Kong economy

Opinion | Why this is not just another retail downturn for Hong Kong

When even Link Reit, the city’s largest retail landlord, is cutting dividends, the downturn looks less like a dip than a shift.

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A mall in Tsim Sha Tsui on July 31. Photo: Jelly Tse
International Property

Hong Kong’s Tsim Sha Tsui holds ground as world’s fourth priciest shopping strip

The city’s core retail areas, including Causeway Bay and Central, dominate the Asia-Pacific regional table: Cushman & Wakefield.

Hong Kong property

Henderson’s Central Yards, with sky garden and Broadway theatre, to open in 2027

The Hong Kong-listed developer’s 1.6 million sq ft sustainable mixed-use project will provide more than 700,000 sq ft of office and ancillary space.

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Hong Kong property

McDonald’s Hong Kong shops sell like hotcakes, yielding US$23.5 million

Following a US$9.9 million asset disposal last week, the fast-food chain finds a buyer for properties in Mong Kok and Kennedy Town.

McDonald’s sold this 6,826 sq ft shop in Kennedy Town for HK$100 million, or HK$14,723 per square foot. Photo: Handout
China property

How China’s ‘emotional spending’ trend is transforming shopping malls

Pop Mart takes over prime spots once reserved for high-end luxury brands as retail landlords scramble to adjust to changing consumer habits.

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Hong Kong property

How Hong Kong’s currency exchange shops have become a dying breed

The number of currency exchange shops has halved since 2018 due to digital payments, stricter regulations and shifting travel patterns.

Hong Kong property

McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan

The fast-food chain bought the 9,695 sq ft Yuen Long property for US$1.2 million in 1987.

McDonald’s Corp sold a 9,695 sq ft property in Yuen Long Trade Centre for HK$77.4 million. Photo: Google Maps
Hong Kong property

Idle Hong Kong seafront site gets new lease of life from private equity firm MBK

A mixed-use development focusing on culture and tourism alongside a residential project is being proposed for the Quarry Bay site.

Marine Riches proposed to build a mixed-use development focusing on culture and tourism alongside a residential project. Photo: Handout
Hong Kong property

The View | Hong Kong commercial property mired in downturn as stock market booms

An equity boom and other green shoots aren’t enough to lift a sector struggling with a supply glut and a retail market undergoing structural change.

Hong Kong property

PapaHome to open second Hong Kong store as online-to-offline strategy pays off

The 40,000 sq ft furniture and lifestyle store will open at Fashion Walk in Causeway Bay in the second quarter of next year.

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International Property

Is it time for property investors to end their love affair with Japan?

Under new leadership, Japan is likely to delay tightening its monetary policy, which presents both opportunities and challenges, CBRE says.

Pedestrians and vehicles are reflected in glass in the Ginza district of Tokyo on October 8, 2025. Photo: AFP
Hong Kong property

As Hong Kong retail sales recover, can landlords follow with higher shop rents?

The journey from retail sales stabilisation to strengthened rental prices in the property market could take at least a year.

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Mainland Chinese tourists check items at a souvenir shop in Tsim Sha Tsui during the National Day “golden week” holiday. Photo: Jelly Tse
Hong Kong property

Hong Kong’s fashion retailers look to cafes to restore chicness to their brands

Retailers from Uniqlo to Dior use cafes as a marketing tool to reconnect with young consumers.

Hong Kong property

Mandarin Oriental confirms talks to sell top floors of One Causeway Bay

The hotel operator says it is discussing a potential sale of the prime space in the site formerly occupied by The Excelsior.

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