11/10/2017-9

Mong Kok Chong Hing Square Shop Chow Tai Fook abandoned rent

watches and clocks jewelry store continued contraction business, Chow Tai Fook abandoned Mong Kok Chong Hing Square underground shops, accumulated over the years rented Mong Kok 4 stores.

Matsushita Plaza, 593 to 601 Nathan Road, Mong Kok, with an area of ​​about 2,000 square feet. It is rented by Chow Tai Fook Jewelery for $ 3 million per month and is one of the largest stores in the district. It is understood that the lease has just ended, recently Chow Tai Fook has posted outside the notice, that is about to move out.

Owners 1.5 million leasing rent halved

News that the owners of the shop to re-leasing, intended to rent about 1.5 million yuan, less than half of the old rent.

Mainland consumer spending reduced, watch jewelry store contraction shrink. Chow Tai Fook in the past year, to give up more than the core area of ​​shops, single meter Mong Kok District, within a year has been rented 4 stores, including the last month abandoned Mong Kok South West Street 34 to 36 underground, the monthly rent of 1.3 million yuan. In addition, the brand in the middle of the year, also give up Tsim Sha Tsui Nathan Road Golden Island holiday shop complex shop.

The other news, Mong Kok Sai Yeung Choi Street 51 Youcheng Commercial Center underground F shop, an area of ​​about 800 square feet, to about 650,000 yuan per month rent out. The total area of ​​about 1,300 square feet, Wanning rent, the monthly rental of about 500,000 yuan.