Property News · September 9, 2018

Shopping centres are thirsty for bubble tea shops — which pay high rents


Retailers selling yogurt, Japanese ice cream or cheesecake treats once were the major driver of leasing demand for tiny shops in prime locations. Now it’s bubble tea’s turn.
The explosive expansion of Taiwanese bubble tea shops has outpaced any of the earlier waves of retailers selling drinks and snack food.
“There are 30 brands in our shopping malls in Hong Kong, and we will have more to come,” said Maureen Fung Sau-yim, executive director of Sun Hung Kai Properties (…

Source : South China Morning Post
Read more…Shopping centres are thirsty for bubble tea shops — which pay high rents

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