Infrastructure construction drives people’s flow

After the opening of the High Speed ​​Rail and the Hong Kong-Zhuhai-Macau Bridge, it is more conducive to the daily round-trip passenger spending. It is expected that the retail prospects in Yau Tsim Mong District will be good.

This year’s May 1st Golden Week is the two major infrastructure projects. The Hong Kong Tourism Board has anticipated that the Mainland’s inbound delegation will increase by about 60% year-on-year. 300 groups.

The increase in the number of visitors to Hong Kong should drive the overall retail industry to be better. This year’s special occasion is that the infrastructure will be opened for the first time, or it will promote the flow of people and consumption in individual areas.

Pharmacy active 2 million rent Wanpu shop

In the past six months, the increase in the rental of Yau Tsim Mong Shopping Centre is believed to be due to the fact that passengers can get off at the West Kowloon Terminus of the Mass Transit Railway. They can also travel to Jordan and Tsim Sha Tsui by foot. The high-speed rail will attract many round-trip passengers. Drugs, etc., mainly led to the expansion of related businesses.

In addition to cosmetics, pharmacies are also active. For example, the 10,000-square-foot shop in Carnarvon Square in Tana, Tsim Sha Tsui, has been rented for $2 million a month. The new customer is the pharmacy Longfeng Group, which is active in Sheung Shui District. . In addition, a 2,000-square-foot shop on Jordan Road was originally rented by the watch line. It was also previously rented by a pharmacy at a monthly rent of $330,000.

Ginza-style commercial building in Tsim Sha Tsui

After the opening of the infrastructure, the business has been able to take advantage of the high-speed rail station in the Yau Tsim Mong District. The rental activities of the shops are more active than the Hong Kong Island. The rents in Tsim Sha Tsui and Mong Kok were once expensive during the early peak retail season. Now there have been 4 to 50% adjustments and it has begun to attract retailers to re-enter.

Apart from the ground floor shops, the recent Ginza-style commercial buildings in Tsim Sha Tsui, particularly those with medical centres, have also achieved satisfactory rental transactions. It is also expected to be driven by the increase in Mainland visitors.