Hong Kong's Wen Wei Po News ( Reporter Wong Ka Ming )The Government has said repeatedly that they will not withdraw any spicy trick,most of the investors choose to wait,make trading in the industrial and commercial property market,watching Sauvignon,but there are more and more leasing cases appeared.There are Comm. agency said Haiphong Road,Tsim Sha Tsui to Central City by the section of the shops,the current minimum monthly rent admission of $ 2 million HKD,and more over the past year,10 shops changed new tenants see separate table),full tenants are targeted at high-quality individual travelers,including international boutiques,jewelry watches,jewelery and cosmetics line,on the contrary has always been forced to evacuate mainly regarded as " iron about tenants ' banks.
Recently been reported that Russell Street shop rents robust growth over the years,seems to be signs of peaking.Among of all,the Prince Jewellery watch shop shops renew the rental price of $2.9 million HKD per month,compared with the old rent increase only 16%,it would also
beused by owners to agree to a total of 6 floors upstairs over 4,800 square feet of space,that is disguised rent reduction.However,the other side of Canton Road,Tsim Sha Tsui in Kowloon Visit consuming industries continue to be robbed rent powerhouse.
There are almost no supply sources on shops in long-term period
Sheraton Yip de Wing said that as the Canton Road area consisting mainly of several large shopping malls composition over the years are the Kowloon Peninsula,the main tourist shopping street.Rapid growth in the Mainland and international,with per capita incomes increase,the demand will only exercise the increasingly tense shops .At present the region from the street stalls Ft Rent $ 1,500 to $ 3,000 per square foot per month,at least monthly $ 2.0 million HKD admission rent,the rent remained high,but the long-term shop sources close to zero,to the extent sought-after street stalls throughout the city can be described as thermal explosion.The Guangdong Road No. 86-98 Lee Building, Shop No. 6 was originally rented by Hang Seng Bank,in June turned Bonjour Cosmetics ;adjoining section 4 & 5 Shop Shop Hang Seng Bank also increased from the original lease,the new lessee this month will turn to CTF.
However,Yip de Wing added recently in addition to top-quality consumer packages street shops such as Guangdong Road, Haiphong Road,Sai Yeung
Choi Street and Russell Street,Hong Kong Island,Kai Chiu Road and so still see outside undertake over inferior retail street or district
people's livelihood Shop Lot beginning to see the emergence of Kyrgyzstan.Some of these vacant premises has been vacant for more than a year or even more,reason is because landlords charge excessive rents,because they are emotional excitement earlier in the environmental impact of such purchases under ultra-high price shops,so to a certain extent the rent-letting,can charge a reasonable rate of return,so the owners would prefer not readily reduce vacant rental requirements, I believe that the situation will not only guitar shop for some time,there may be signs of deterioration.
Take the two main tourist areas in Tsim Sha Tsui and Causeway Bay,for example,the current second-class streets as part of Tsim Sha Tsui on Nathan Road,Cameron Road, Granville Road, Carnarvon Road,a total of 22 shops were vacant,Percival Street,Hennessy Road,Lockhart Road,Lan Fong Road,a total of 27 shops were vacant.
Lyon: Hong Kong property prices have reached the peak
Lyon,International Investment Bank,said the property market in Hong Kong has a strict policy,believed that local property prices soared
in the earlier period of time,has reached the peak already.Lyon,Chairman and CEO Shi Lihong yesterday at the twentieth Lyon investor conference,said the property market in Hong Kong and Singapore are having more cautious policy,coupled with the United States is about to withdraw from the market,the Hong Kong property prices reached the peak,real estate stocks up again space is limited,but there will have low oppuntunity of having a new round of the Asian financial crisis.
