Refurbished Minsheng District Shopping Center refused to substantially increase rent

Investment property to shop mainly rent, Ma Qiaosheng pointed out that the group purchased the Minsheng District shopping malls, the renovation project, and insisted to retain tenants as much as possible in order to achieve a win-win situation.

Ma Ya Mu investment shops for many years, the main purchase Minsheng District shops, now holds more than 200 shops, monthly rental income of 50 million to 60 million yuan, nearly tenants tenants. In recent years, the Group purchased several shopping malls from Link (00823) several times, including Kwai Hing Shopping Center and Shek Yam Shopping Center. Ma Qiaosheng said that after the purchase of shopping malls must be managed, and he had already acquired the management company in the early years, is responsible for its property cleaning, security and so on. He disclosed that after purchasing the mall, he has spent a lot of money on refurbishment. “In planning the shopping malls in Tai Po, the renovation fee is as high as $ 20 million. For example, the fire protection system should be fully upgraded.” In addition, he said that because individual shopping malls have different management companies and corporations, To make more communication, management of the mall is not simple.

More than 90% of tenants stay the site

Even with the refurbishment, Ma Qiaosheng said he will never significantly increase or replace tenants. “We just use inflation as the rate of increase. To our traditional homeowners, rent stabilization will be sufficient unless individual tenants retire or In fact, more than 90% of the tenants were also left at the original site after they purchased the shopping mall. In short, “everybody can eat well” is good for the residents. ”

As for the industry, the Group now owns 650 light buses and 200 taxis. He said that the business is stable but the driver is scarcer. The driver is aging. No one is willing to enter the industry. At present, we have set aside 600 yuan for one job. Nine clocks, often less than people. “