Street Level Shop Rents Rise To Record
July 29, 2011, Friday
|
Print Edition
Print Edition
HONG Kong's street level shop rents rose to a record in the second quarter of this year after retail sales climbed as more visitors from other parts of China visited the city, according to Colliers International.
The average rent of street level shops in "traditional shopping districts," including Central, Causeway Bay, Tsim Sha Tsui and Mong Kok, rose 7.4 percent from the first quarter, surpassing the previous peak in 2008, the Seattle-based property broker said in an e-mailed press release yesterday.
Increased spending by Chinese mainland tourists and the addition of new shopping venues have driven up prime street shop rents in Hong Kong. Mainland tourists visiting Hong Kong jumped 26 percent to 22.7 million in 2010 from a year earlier, according to the city's tourism board. The figure reached a daily record of 122,893 on April 30, according to the broker.
The average rent of street level shops in "traditional shopping districts," including Central, Causeway Bay, Tsim Sha Tsui and Mong Kok, rose 7.4 percent from the first quarter, surpassing the previous peak in 2008, the Seattle-based property broker said in an e-mailed press release yesterday.
Increased spending by Chinese mainland tourists and the addition of new shopping venues have driven up prime street shop rents in Hong Kong. Mainland tourists visiting Hong Kong jumped 26 percent to 22.7 million in 2010 from a year earlier, according to the city's tourism board. The figure reached a daily record of 122,893 on April 30, according to the broker.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
