Educational investment by supplementary school actively expanded
Parents in Hong Kong have put more funds into their education for their children and have provided a favorable business environment for cram schools. In recent months, the market has recorded a number of cases of expansion in education centers and support for rent of second- and third-line shops in Minsheng District effect.
Quarry Bay 500 sq ft monthly rent is up 25%
Large tutoring clubs renewed the rent of 3A Shop G / F, Taik Fook House, 7 Kee Li Road, Quarry Bay in recent months with an area of 500 square feet and an average lease of 80 yuan per square foot, while the old rent of the shop was about 32,000 yuan, Rents rose about 25%. The Acting Branch pointed out that the shop was a second-tier shop in the area and the rent was very low. However, there were lots of middle-class estates, including Kornhill, Nam Fung Sun Chuen and Yat Fa Garden, Education resources are relatively large, so attract tutoring clubs to renew the rent.
In addition, Shop 04, G / F, Security Building, 13-25 Gloucester Road, Yuen Long, covers an area of 400 square feet and was also previously leased by the Education Center at $ 35,000 with an average leasing fee of $ 88. The education center has a good reputation in Tuen Mun and Yuen Long districts. It has been specially targeted at secondary and below school children and has many branches. The tenancy is an expansion.
As for Shop No. 265, Level 2, Phase 1, Jing Rui Plaza, Sha Tin, it was also rented by the English Center for $ 41,000. The property area is 1,109 square feet, or $ 37 per square foot. The English Center is also the first tenant of the shop.
Although there were even cases of renting cases of education centers in recent months, the mainstay of these industries is mainly the second-tier shops in the Minsheng District. The leasing capacity is relatively low compared to other industries, which is hard for the overall rental market. The only advantage is that the second- Vacancy rate of street shops.
Ho Han-ming, the managing director of Midland Marketing said that in recent years there has been a continuing trend of boosting schoolchildren. The demand for education centers and tutoring clubs has been on the increase, prompting them to increase the scale of their operations. Due to the convenience of school children, most of these tenants choose to live in residential He said: “At present, some education centers in the Mainland also hope to come to Hong Kong and urge many education centers in Hong Kong to speed up their pace of development in order to gain more market access and better publicity.” Education in anticipation of education The expansion of the center will continue and is dominated by large-scale institutions.