{"id":110869,"date":"2019-09-18T07:00:17","date_gmt":"2019-09-18T00:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-retail-vacancy-rate-to-soar-with-one-in-10-shops-standing-empty-as-hong-kongs-street-rallies-enter-their-15th-week\/"},"modified":"2019-09-18T08:04:21","modified_gmt":"2019-09-18T01:04:21","slug":"causeway-bays-retail-vacancy-rate-to-soar-with-one-in-10-shops-standing-empty-as-hong-kongs-street-rallies-enter-their-15th-week","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-retail-vacancy-rate-to-soar-with-one-in-10-shops-standing-empty-as-hong-kongs-street-rallies-enter-their-15th-week\/","title":{"rendered":"Causeway Bay\u2019s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong\u2019s street rallies enter their 15th week"},"content":{"rendered":"


\nOne in every 10 shops in Causeway Bay now stands empty, as three months of protest rallies have deterred visitors from the world\u2019s most expensive shopping district, adding to the woes of a retail industry that is already suffering from a weakening yuan and mainland China\u2019s abolition of luxury tax.As many as 102 shops stood empty out of 1,087 in August in the district, or a vacancy rate of 9.4 per cent, according to data by the real estate agency Midland IC&I, which noted that the tenant-free\u2026
\n
\nSource : South China Morning Post
\nRead more…Causeway Bay\u2019s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong\u2019s street rallies enter their 15th week<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One in every 10 shops in Causeway Bay now stands empty, as three months of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110869","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sQd","jetpack-related-posts":[{"id":3441,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-rate-in-hong-kongs-causeway-bay-ground-level-shops-seen-hitting-10-per-cent-after-chinese-new-year\/","url_meta":{"origin":110869,"position":0},"title":"Vacancy rate in Hong Kong\u2019\ns Causeway Bay ground level shops seen hitting 10 per cent after Chinese New Year","date":"February 2, 2016","format":false,"excerpt":"\r One in 10 ground level shops in Causeway Bay - Hong Kong\u2019s glitziest shopping district - will become empty, the highest level since the Sars outbreak in 2003 as a slump in retail sales and tourist arrivals will force several to close down after the Lunar New Year this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sector-stuck-in-the-doldrums-pushes-vacancy-rate-of-street-level-shops-to-record-high\/","url_meta":{"origin":110869,"position":1},"title":"Hong Kong\u2019s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high","date":"September 15, 2020","format":false,"excerpt":"\r The vacancy rate of street level shops in Hong Kong\u2019s four major shopping districts \u2013 Causeway Bay, Mong Kok, Central and Tsim Sha Tsui \u2013 has reached a record high of 12.6 per cent and is expected to climb to 14 per cent in the first quarter next year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shops-in-causeway-bay-see-sales-hit-by-hong-kong-protests-says-landlord-hang-lung-as-retail-rents-seen-tanking\/","url_meta":{"origin":110869,"position":2},"title":"Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking","date":"July 30, 2019","format":false,"excerpt":"\r Hong Kong\u2019s retail sector has been hit by weeks of protests that have frequently descended into violence, according to Hang Lung Properties, a major landlord in one of the city\u2019s best known shopping areas.The company\u2019s chief executive Weber Lo said the mass rallies had damaged sales of its tenants\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-russell-street-takes-over-from-new-yorks-5th-avenue-as-worlds-most-expensive-place-to-rent-shops\/","url_meta":{"origin":110869,"position":3},"title":"Causeway Bay\u2019s Russell Street takes over from New York\u2019s 5th Avenue as world\u2019s most expensive place to rent shops","date":"November 14, 2018","format":false,"excerpt":"\r Russell Street in Hong Kong\u2019s Causeway Bay district has replaced New York\u2019s Upper 5th Avenue as the world\u2019s most expensive retail street by rental value, according to property consultants Cushman & Wakefield. For the first time in five years, the city has regained the crown with average annual rents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shuttered-shopfronts-show-impact-of-e-commerce-on-hong-kongs-retail-sector\/","url_meta":{"origin":110869,"position":4},"title":"Shuttered shopfronts show impact of e-commerce on Hong Kong\u2019s retail sector","date":"June 13, 2018","format":false,"excerpt":"\r The rise of e-commerce has already spelt the end for some of Hong Kong\u2019s best-known bricks-and-mortar stores, even though the city still lags behind other markets in embracing the new shopping model. In Causeway Bay, on the third floor of the once-bustling Island Beverley Shopping Centre in Causeway Bay,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kongs-retail-landlords-weather-soaring-vacancy-rates-by-running-their-own-shops-in-their-own-buildings\/","url_meta":{"origin":110869,"position":5},"title":"Can Hong Kong\u2019s retail landlords weather soaring vacancy rates by running their own shops in their own buildings?","date":"September 8, 2020","format":false,"excerpt":"\r The collapse of retail rents and high vacancy rates in some of Hong Kong\u2019s main shopping districts is forcing some landlords to get creative. Rather than leave their buildings standing idle, some are launching brand new, totally unrelated business ventures to fill the vacant space.Two joint owners of a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110869"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110869"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110869\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}