Retailer expansion

With the improvement of retail sales data, the renting of shops in the core area has been significantly accelerated. In recent days, the retail transactions in Causeway Bay and Tsim Sha Tsui have recorded rental transactions.

Excelsior shopping mall with 400,000 rent out

Recently, the government announced that the retail data is ideal, allowing retailers to restart the expansion plan, and the rental of commercial shops has accelerated noticeably. The four major core districts, Causeway Bay, Tsim Sha Tsui, Central and Mong Kok, have all recorded first-line lot leasing. Take Causeway Bay as an example. Shops 23-24, G/F, Yee Tung Shopping Centre, 24-26 Tung Kok Road, about 832 square feet, will be rented out at around $400,000 per month, and the lease is about 480. The new tenant is Le Creuset, a French kitchenware brand. .

Guangdong Can Road, one of the most expensive shops in Hong Kong, recorded the first rental this year, which involved Shop 4, Unit 4, and Shop 5, Ground Floor, Man Lee Building, No.86-98 Canton Road. The shop area was approximately 2,518 square feet. 1.25 million people rented for nearly 500 yuan, and the new tenant was Wanning, a personal care product store. When the property market peaked in 2013, it was leased by Chow Tai Fook with a monthly rental of RMB 4.5 million. The property was leased out after a year and a half, and the rent fell by 72%.