OP Mall pre-rent 90% in August
Changshi (1113) Xiwan New Panhai Love in Tsuen Wan has been in the rush, and the pre-leasing of the pedestal shopping mall is ideal. Mr. Huang Sixing, Director of Changshi Real Estate Investment, said that there are about 200 to 300 tenants in OP Mall in Haizhilian Shopping Mall. The two-stage tenancy is more than 300,000 square meters in the first phase. The pre-leasing is about 90% and the rent is 50 to 400 yuan. The catering section has been fully leased out. Tenants will open as soon as August to October. The second phase will be rented from now on and is expected to open next year.
Dining catering tenants include the mainland hot pot restaurant Haidilao, Feather & Bone, Ruby Tuseday, etc. Other large tenants include the Japanese Department Store, the fitness center Air Fitness, and the Children’s Education Center My Gym Premium. The person in charge of the Jing’an Hall said that the group rented a shopping mall of about 50,000 square feet and had a food court in the store. It is expected to open in December and is the second branch in Hong Kong. Haidilao also rents about 8,000 square meters of floor space. The time will be extended to the early hours of the morning.
However, the commercial market conditions are still sluggish. Huang Hancheng, the chief executive of the Midland Industrial and Commercial Store, said that the industrial and commercial shop turnover has plummeted. Only 54 transactions were made last week, which is about 24% lower than the previous week’s 71 cases. Among them, the commercial buildings performed the worst. In nine cases, the turnover dropped by 70%. The 50 major indicators were even “zero transactions", reflecting the warming of the market wait-and-see attitude.
According to the bank’s data, there were 2,900 transactions in the first half of this year, which was about 46% lower than the 5,400 cases in the first half of last year. The turnover was only 69 billion yuan this year, down nearly 50% from the same period last year of 138 billion yuan. The director of the United States, Lu Zhanhao, also pointed out that the sales situation of Wangpu was “nearly less than SARS". It was mainly affected by the corruption policy in the Mainland. The Group looked forward to a 5% increase in the sales of industrial and commercial shops in the second half of the year.