Hong Kong’s shopping districts enjoy strong leasing momentum

Find out what the notable leases recently.

Leasing momentum continues to gather towards Hong Kong’s core shopping districts, according to a JLL report.

Notably, three ground floor shops (1,640 sq ft in total) at Taurus Building on Granville Road in Tsimshatsui were leased to a cosmetics and healthcare retailer for a reported monthly rent of about HKD 500,000, representing a 46% discount from the peak monthly rent of the lease committed by the previous tenant – Nature Republic.

JLL further said the investment market sentiment improved slightly in June. Notably in Kai Tak, two retail podiums (26,132 sq ft in total) at the Henley I on Muk Tai Street were reportedly sold for HKD 528.0 million (HKD 20,205 per sq ft) to Qixing Property Limited.

Also Read

Two new malls slated to be completed in Kuala Lumpur by year-end

Hanoi to see 90,600sqm of new retail supply by year-end

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Singapore new private home sales more than tripled in November

Sales surged by 286% from 203 units in October to 784 units in November.

Residential

6 days ago

Two new malls slated to be completed in Kuala Lumpur by year-end

Both malls will add 2.4m sq ft of new supply.

Commercial Retail

6 days ago

Hong Kong luxury residential rents to rise by up to 5% this year

Meanwhile, prime residential capital values are forecast to drop by up to 5%.

Residential

6 days ago

Tokyo overall industrial vacancy rate rises for the first time in two quarters

Vacancy grew by 30bps to 7.6% in Q3.

Industrial

6 days ago

Exclusives

Sustainability grows significant yet remains open-ended in the real estate sector

Philippine-based developer Filinvest featured a new face of sustainability with New Clark City.

Industrial

Dwicitra Land’s initiative in providing housing concepts for millennials

The developer targets the middle class seeking to purchase homes for immediate occupancy.

Sun Hung Kai Properties’ new Aparthotel targets young professionals

TOWNPLACE WEST KOWLOON offers incredibly flexible lease terms in a modern and upbeat community.

How Metland Indonesia deals with weaker residential purchasing power

The real estate firm continues to expand with residences that are attractive to consumers because of pricing, the ‘growing house’ concept, and sustainable features.