Commercial Retail
High-end retailers expand as rents drop in Q2 2024
High-end retailers expand as rents drop in Q2 2024
Causeway Bay outperformed, with rents increasing by 1.8% QoQ.
Office tenants opt for renewals, maintain space amid savings
Two-thirds of respondents would stay in their current building.
Country Garden receives trading resumption guidance from HKEX
The company has been suspended from trading since 2 April.
Country Garden wind-up petition further adjourned to 29 July
This follows previous announcements made on 28 February, 4 March, and 17 May.
HK's institutional investors infuse US$1.2b into APAC real estate
Investments into Hong Kong, however, dropped.
Retail rents up 1.8% QoQ in 1Q24 amidst tourism surge
Tsim Sha Tsui led submarkets with a 2.6% increase.
Hong Kong retail sees positive momentum amidst policy relaxation: report
This year reflected a significant uptick compared to the previous year with a $2b weekly run rate.
Hongkong Land unveils plans for 2024
These plans include a reconfiguration of retail space in LANDMARK.
High street rents to grow 8% in 2023: Colliers
This comes as Hong Kong and China reopen their borders
HK dips to 2nd place; US gets top spot in priciest retail destination report
New York’s Upper Fifth Avenue is top spot with $15,622 rent per square foot.
Total retail sales down 1.2% YoY in June
Total value for retail sales was $27.7b.
Weaker retail sales to put pressure on HK shop rentals: report
Retail sales dropped by 2.9% for the first time in five months.
Total retail sales rebounds, up 11.7% in April in face of local outbreak
The value of total retail sales was estimated at $30.2b.
Is the retail property market on its way to redemption?
In January, retail sales value jumped 4.1%YoY to $33.9b.
6 in 10 buy luxury items amidst pandemic: survey
High-end goods are becoming more popular amongst millennials.
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