‘Upstairs’ moves downstairs: Hong Kong outlets head to street level as landlords cut rents

    ‘Upstairs’ moves downstairs: Hong Kong outlets head to street level as landlords cut rents

    Retailers and restaurant operators in Hong Kong are rethinking how they use space as rents fall and demand weakens by moving back to street-level shops and experimenting with short-term “pop-up” leases. Hing Kee Java Edible Bird’s Nest (JEBN), known locally as “Lau Soeng” – Cantonese for “upstairs” – built its business by avoiding expensive street-front…

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    Former Hong Kong lawmaker Regina Ip swaps policy for photo cards at ComplexCon

      Former Hong Kong lawmaker Regina Ip swaps policy for photo cards at ComplexCon

      Former Hong Kong lawmaker Regina Ip Lau Suk-yee will hold a fan meet-and-greet at this year’s ComplexCon in the city, underscoring the senior government adviser’s enduring online popularity since ending her 17-year tenure in the Legislative Council. Seventy-five-year-old Ip, convenor of the government’s key decision-making Executive Council, will join guests including Jennie from K-pop group…

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      Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

        Middle East tensions add uncertainty to Hong Kong retail rents, Wharf REIC says

        Hong Kong’s fragile retail recovery is clouding the outlook for shopping mall rents, with Wharf Real Estate Investment Company (REIC) warning that rising geopolitical tensions could add further uncertainty even as visitor traffic improves. “Volume increase, however, was not often accompanied by commensurate yield increase,” the company said in its annual results released on Tuesday….

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