retail rents

Retail Asia29/04/2016

Singapore retail is now “a tenant’s market”, realtors warn in the wake of official data showing further decline in boath rental rates and occupancy levels. According to URA data out today (April 22), retail rents fell by 1.9 per cent in the first quarter of 2016, following a full year decline of 4.1 per cent […]

Retail Asia07/12/2015

Retailing landlords will likely continue to feel the pinch in coming times, as the ongoing slump in tourism is poised to weigh negatively on capital values in prime shopping districts, thumping prices a further 20 per cent next year, on top of an expected 20 per cent drop this year, according to CBRE. But CBRE […]

Retail Asia30/11/2015

New York’s Upper Fifth Avenue is the most expensive retail street in the world with rents rising to US$3500/sqft. in 2015. That’s nearly 50 per cent expensive than Causeway Bay in Hong Kong, which has held its second place on Cushman & Wakefield’s latest global rankings, despite the decline this calendar year of 14 per […]

Retail Asia18/08/2015

The yuan devaluation could force Hong Kong’s retail landlords to cut rents as it threatens to erode shopping in the city by tourists from China, say analysts. A weaker yuan means these tourists will now be spending in a more expensive Hong Kong dollar, denting the city’s retail sales even further. “Shopping in Hong Kong […]

Retail Asia11/08/2015

Tag Heuer is to close one of its Hong Kong stores as it battles high rents and falling sales. Tag Heuer Hong Kong’s Causeway Bay store on Russell St will close soon, according to Jean-Claude Biver, the head of Tag Heuer’s parent LVMH’s watch unit. While local watch and jewellery retail chains have been adjusting […]

Retail Asia11/08/2015

Jeweller Chow Tai Fook has reportedly re-signed a retail shop rental lease at a 40 per cent reduction. It’s a rent reduction which will energise the retail sector, but not doubt send shivers through Hong Kong’s property community. Several listed luxury retailers have in recent months been openly discussing expectations of reduced rents when re-negotiating […]

Tag: retail rents

Singapore retail now ‘a tenant’s market’

Retail landlords headed for another horrible year in 2016, says CBRE

Causeway Bay retail rents remain expensive

Hong Kong retail sector to suffer most from yuan devaluation

Tag Heuer Hong Kong to close store

Chow Tai Fook wins 40 per cent rent cut