Hong Kong has just finished taking bids for the first commercial site to be auctioned off in Central in the last 20 years, and the land sale could bring in as much as HK$18.6 billion ($2.4 billion) for the city’s… Read More>>
The first sale of a plot of commercial land in Hong Kong’s central business district in more than 20 years is expected to stir up a bidding war that could bring offers of as much as HK$17 billion ($2.2 billion)… Read More>>
Five years ago if you had asked a Shanghainese the way to the downtown business district, he likely would have pointed you in the direction of West Nanjing Road. In Hong Kong you’d have headed to Central, or in Singapore… Read More>>
Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.
In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments.
China’s growing taste for shopping is pushing up retail rents in the world’s second-largest economy, and now a global survey has confirmed that in at least one key district, the cost of securing shop space is among the ten highest… Read More>>