22/11/2018-10

Redemption shop expansion

The number of visitors to Hong Kong has rebounded, which has led to the expansion of a number of free-related industries. Among them, the exchange shops have low rents and actively absorb second-tier shops in the tourist areas to drive the second-floor rentals.

Information shows that the number of visitors to Hong Kong has increased significantly in recent months. The overall number of visitors to Hong Kong in the first nine months of this year has increased by 9.5% over the same period last year to over 46.68 million. The rent of shops is still at an attractive level, which has attracted many shoppers. Expansion, in recent months, the market has recorded more rented cases of exchange shops, focusing on more than 200 to 400 square feet of fine-area shops.

Among them, Central recently recorded two consecutive exchange shop rental cases. Among them, the A1&Portion shop on the ground floor and the third floor of 20 Pedder Street, Central, covers an area of ​​about 380 square feet. It is rented by a redemption shop. The rent is about 288,000 yuan. The average rent is about 758 yuan. The rent is higher than the other one. It fell by about 4%.

450 呎 floor in Central, monthly rent fell 10%

The E shop at G/F, General Commercial Building, 156-164 Des Voeux Road Central was also leased by a redemption shop for about $170,000. The area was about 450 square feet. The average rent was about $378. The monthly rent was about 9.6% lower than that of the first-hand jewellery shop.

As for one of the popular travel and shopping districts in Jordan, Jordan also recorded a change of shop for rent, Shop A2, G/F, 28 Jordan Road. It was recently leased by a redemption shop with a monthly rent of about $65,000 and an area of ​​about 450. The average rent is about 144 yuan, and the rent is about 19% lower than the previous one.

In addition, the renting of the shop at the ground floor of No.23, Cheung Wah Street, Sheung Wan Estate, has been rented for about $26,000. The area is about 253 square feet. The average rent is about $103. The rent is also higher than the previous one. It fell by about 13.3%.

Zhang Yinxi, director of the regional business of Midland Wangpu, said that the operation of the change shop is less affected by the bad news of the market or the peripheral economy. Providing the remittance service to earn the difference is one of the main sources of income for the change shop, so the change shop has been It tends to focus on the budding of people, especially in the neighboring bank branches. Therefore, in the core areas such as Central, even if the rent is high, it will attract such stores to actively expand. He said that with the success of the high-speed rail and the Hong Kong-Zhuhai-Macao Bridge, it is expected that the two places will be more frequent, with strong demand for currency exchange and remittance services, and the rent in the core area has dropped back to a reasonable level. I believe it can support the search. In exchange for store operations, and the rental performance will be generally stable.