Property News · November 15, 2016

Causeway Bay and Tsim Sha Tsui retain allure for retailers in spite of sluggish times


The prime shopping hubs of Causeway Bay and Tsim Sha Tsui, among the most expensive in Hong Kong in terms of rental costs, remain attractive for retailers amid overall sluggishness in the sector.
Retail rents in Causeway Bay fell 8 per cent in the rental index in the third quarter and 10 per cent in Tsim Sha Tsui, and they are expected to decline further next year, according to a Colliers International report.
These declines came amid a 19-month drop in retail spending in the city, with overall…

Source : South China Morning Post
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