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 retail landlords are extending more rental discounts to their tenants, property agents said, amid a tough operating environment. Japanese supermarket chain Don Don Donki will be keeping its 17,332 sq ft of space across two floors at 100 Queen’s Road Central for HK$900,000 (US$115,456) a month, a 25 per cent reduction from the…
A local pharmacy has emerged as the newest tenant on Russell Street in Causeway Bay, filling the space previously leased by Italian luxury lingerie brand La Perla to take advantage of a 46 per cent slump in rents in one of Hong Kong’s costliest retail strips. Yu Shing, the pharmacy owner, is expected to pay…
Two women are facing charges after the Plymouth District Attorney’s office said they stole hundreds of clothing items from Old Navy. Tyeisha Bridges, 32, and Shatoya Lewis, 25, were arrested in New York and arraigned in Hingham District Court on Thursday on one count each of organized retail crime, larceny over $1,200, larceny under $1,200…
In the second of a two-part series, Jiaxing Li, Aileen Chuang and Salina Li explore the effects of high interest rates and other factors on the city’s commercial property market. In the heart of Causeway Bay, a bustling Hong Kong shopping district that was once a more expensive retail destination than Fifth Avenue in Midtown…
In the second of a two-part series, Jiaxing Li, Aileen Chuang and Salina Li explore the effects of high interest rates and other factors on the city’s commercial property market. In the heart of Causeway Bay, a bustling Hong Kong shopping district that was once a more expensive retail destination than Fifth Avenue in Midtown…