Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
Retail rents in Hong Kong are expected to remain under pressure, as the trend of residents travelling to the mainland for leisure has led many businesses to opt for short-term leases, experts have said after the vacancy rate in the city’s busiest districts hit a 4½-year high. Analysts on Monday also attributed the mounting vacancies…
The decline in Hong Kong’s office rents slowed in the second quarter amid rising leasing demand from finance and law firms, but analysts cautioned this trend was unlikely to substantially benefit landlords as prices are yet to recover. Overall grade A office rents fell 1 per cent quarter on quarter compared with steeper declines in…
Two of Hong Kong’s largest fast-food chains, Cafe de Coral and Fairwood, both suffered a near 30 per cent drop in profits last year, with experts attributing their struggles during the economic downturn to ageing diners and intense competition from delivery platforms. The two companies were considered resilient players during previous downturns caused by global…
A 41-year-old man was found dead on the balcony of a Hong Kong building in the aftermath of a fire in Sham Shui Po, police have revealed. The Post learned that the deceased was a camera crew member of free-to-air broadcaster TVB’s news department, and has reached out to TVB for comment. A force spokesman…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Hong Kong’s restaurant industry is anticipating a 10 per cent boost in business on Tuesday compared with last year, with an industry leader saying the increased number of more than 3,800 eateries offering discounts to celebrate the city’s handover to Beijing will spur local consumption and help ease the sector’s woes. Simon Wong Ka-wo, president…
Hundreds of mainland Chinese visitors have made the most of Hong Kong’s holiday marking the city’s handover by flocking to popular tourist sites and enjoying discounts, free museum visits, ferry and tram rides, and cheap tickets at several major attractions. Undeterred by the cloudy and rainy weather on Tuesday, they gathered at popular locations across…
Hundreds of mainland Chinese visitors have made the most of Hong Kong’s holiday marking the city’s handover by flocking to popular tourist sites and enjoying discounts, free museum visits, ferry and tram rides, and cheap tickets at several major attractions. Undeterred by the cloudy and rainy weather on Tuesday, they gathered at popular locations across…