Shop owners "do not worry about price"
Article from QE3 effect so that the hot money continued to flow into Hong Kong, the government heavy taxes tricks against housing speculation, but in fact international brands in recent years, high rent and looting shops, so shop rents in Hong Kong rising, local businesses have to pay exorbitant rent, this year, the performance of retail have shown a slowdown in the trend, but the owners still crazy rent increase, the trend has been in Tsim Sha Tsui, Causeway Bay, the core area of spread to the people's livelihood zone more force could not afford to pay high rent tenants relocated has always been to pay rent bear the brunt of the ability to lower the restaurants, even the business for 35 years abalone headquarters Fulin Hotel in Causeway Bay is also the face of the owners of huge rent increases of more than 40% of the threat.
Market sources pointed out, which has been operating for 35 years, 485 Lockhart Road, Causeway Bay Fulin Hotel (headquarters) Ah Yat Abalone owners notice received in recent months, to the end of this year leases expire huge rent increases of 45% from the current monthly rent of about 480,000 rose to 70 million sq ft rent rose from 24 HKD to 35 HKD.
Fulin Hotel owner Yeung Koon Yat owners want huge rent increases while four find new premises, the shop rental of the Causeway Bay area has a lot of money, plus the the Fulin hotel in Tsim Sha Tsui iSQUARE leasing new stores, has not yet been decided Will renew. It is understood that Tsui Wah Restaurant had intended to to grab rent shops 700,000, but the owners see when guests pour immediately plus rent, Greenwood is also deterred. Information, this shop has a total of 3 layers, about 20,000 feet of gross floor early years of the monthly rent of more than 20 million the late monthly rental plus to about 48 million.
The Canton Road surface file received millions of hire wins-occupied
Always greatly Visit Welcome Canton Road, Tsim Sha Tsui shops also the owners rent increases while large executive-bit. The news that ten years of the new the island fish balls surface has been operating at 116 Canton Road, Ma Family, owners and operators of brand name stores saw contact rent, sell fish balls surface more effective than their decision in recent months leased to 110 million the Puyi glasses, this bunk construction area of 850 feet, Ft Rent $ 1,294, its monthly rent of 1,222 bowls if they sell fish balls surface of 30 HKD per bowl, daily sell enough to pay the rent, now leased to Puyi glasses daily also sell 36 of 1,000 dollars per pair of glasses.
Apple 11 million pre-leasing kick out dessert shop
Brand name stores continue to grab rented dessert sugar, 100 Canton Road toward the site of the existing lease to expire at the end of the year, but the Apple Store for $ 11 million pre-leasing was in August of this year, this bunk underground even 1,2 floor underground construction area of about 2,208 feet, The sugar towards a monthly 100 million rented basement Hankow Road, Pacific Centre, the current tenant of the shop Wellcome, leased about 9,000 feet.
Siu Sai Wan, plus 40% unseated roast meat shop
People's livelihood shop rentals also spiraling business for 10 years, was HOS Fullview Garden, Siu Sai Wan Fu Xing the roast Hotel recently also owners substantial rent increases of 40% and a monthly rent increased to $ 70,000 from $ 50,000, and the final closing down. Shops for Fullview Garden Shop No. 13, with a construction area of about 812 feet, leases 48,000 HKD in 2006 to 2009 rose to 50,000 HKD fine-tuning the lease expires this year, the owners of large plus 40% of the rent to $ 70,000 ft rent rose from 61 HKD to 86 HKD. Fuxing roasted meat the rented hotel earlier than six months prior to the opposite HOS Cheerful Garden 20 ground floor open another branch.
Cushman & Wakefield report said that the third quarter of this year, our major retail stores in the district rent increased significantly, Causeway Bay shops average rent of $ 2,000, the highest in Hong Kong, up 18% quarter-to-quarter, year-on-year, up 54%; Central shop average rent is $ 1,500, up 25% quarter-to-quarter, up 42% year-on-year; Tsim Sha Tsui sq.ft Rent $ 1,300, up 30% quarter-to-quarter, up 37% year-on-year; Mongkok Rent of $ 1,000, up 43% quarter-to-quarter , up 67% year-on-year.
Cushman & Wakefield expects the shop rents rise 5-15%
The bank said that Hong Kong has always attracted a large number of mainland tourists, but a limited supply of shops, so shop rents remain high, the United States launched a third round of quantitative easing, further pressure on the Hong Kong dollar exchange rate to attract capital inflows, further pushing up shop values and rents, The expected year in Hong Kong shop rents rose 5-15% compared to last year.
