The turnover of shops last year rose by 46% year-on-year

The report said 1,900 sales were registered in shops last year, up 46% year-on-year.

The overall retail sales data was satisfactory, driving the retail market to rise year on year. According to the Information Lands Registry’s Integrated Land Registry, after registering the turnover of more than $ 1 billion internally disposed transactions, the number of registered retail purchases for the year amounted to 1,900, up 45.5% year-on-year and ending in 2013 The decline since the year, involving an amount of 49.962 billion yuan, also rebounded 150% year-on-year.

Information shows that in 2012, a total of 5,784 shops were registered for registration. The number of registrations subsequently dropped steadily and dropped to 1,306 by 2016. Last year, the number of shops registered 1,900 transactions, up 45.5% year-on-year, ending a four-year losing streak. However, compared with the level in 2012, registrations were still down by about 67.2% over last year.

Among the 807 Kowloon cases, the most growth was 61%

When classified by region, the Kowloon Peninsula was the most prosperous with a total of 807 registered sales, up 60.8% YoY, accounting for 42.5% of the total retail sales. Reflecting the fact that the shopping center of retail shops in Hong Kong tended to focus on the Kowloon Peninsula last year.

In terms of amounts, the number of registered shops of 3 million yuan or below recorded 668, up 77.2% from 377 in 2016, involving an amount of about 1.05 billion yuan, up 80% from the year of approximately $ 580 million in 2016, . In addition, with a turnover of over $ 100 million, 42 registrations were registered in shops of $ 100 million last year with a total amount of about $ 28.08 billion. The main reason was recorded in the sales of many whole blocks of malls last year.

Bao Changhua, Regional Sales Director of Hong Kong-based Wangpu District, said that the overall retail market in Hong Kong is in good condition. Recently, the price of commercial buildings and industrial buildings in Hong Kong has hit new record highs. On the contrary, the relatively low foot-price of shops is expected to attract some investors to Retail market, and led to rise in retail transactions. He also believes that the performance of the shop price will be better this year, because the overall price is still lagging behind, expected to attract investors to support the price; the other hand, although the online shopping market is booming in recent years, but the public to buy luxury goods and light luxury Goods, still prefer to buy physical stores, is expected to have little effect on the demand for the shop.

Bao Changhua optimistic about the Minsheng District shops prospects, he believes that some Minsheng District affected by the acquisition and reconstruction of old buildings, shops closed a little one, will affect the part of the supply of shops, retail sales price support. He continued to refer to the increase in the completion of new residential properties in recent years, which will help stimulate consumer spending in the Minsheng District. Therefore, he is optimistic about the market outlook for the above areas. However, he does not think the core area shop is yet fully optimistic. As the commercial tenants such as pharmacies and jewelery shops, which have strong leasing capacity, have yet to return to prime locations, they will affect the level of rent sharing.