Rent cut amid shrinking HK retail market

Shocking rent cut by 42% was gave to a new tenant in Causeway Bay. The total value of local retail sales declined for 5 straight months due to fewer tourists arrival to Hong Kong. Many landlords took initiative for rent cut. Emperor… Continue Reading →

Sluggish HK retail market forcing rent cut

Emperor International is ready to cut upto 50% rents in shopping districts to retain tenants. Emperor International Holdings Ltd (00163.HK), big landlord in Hong Kong focused on premium retail shop in popular shopping districts like Causeway Bay and Tsim Sha Tsui, is… Continue Reading →

Mega redevelopment project has launched in Hong Kong

Henderson Land plans to build a shopping complex with 60 shops by the Tai Kok Tsui redevelopment project. Henderson Land (0012.HK) is going to launch a 4 phases of shopping complex (total gross floor area of 200,000 square feet) in Tai Kok Tsui, named Square Mile…. Continue Reading →

Hong Kong property developers free from retail industry fell

Tenants of Hysan still can afford the flagging retail sector to support the property developer gain more profit Hysan Development (0014.HK) said its diversified tenant mix would continue to insulate the firm from the flagging local retail sector. Turnover from its retail portfolio rose… Continue Reading →

HK Home prices & rents up in April & May

Hong Kong home seekers seem to optimistic to the home price because the latest statistic show home price rose in April & May, developers are also excited to push more new flats on the market very soon. Source: The Standard… Continue Reading →

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