{"id":116379,"date":"2020-05-15T07:00:12","date_gmt":"2020-05-15T00:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-landlord-chinachem-cuts-base-rent-close-to-zero-for-some-tenants-in-tsim-sha-tsui-wants-to-walk-them-through-this-tough-period\/"},"modified":"2020-05-15T07:13:51","modified_gmt":"2020-05-15T00:13:51","slug":"hong-kong-retail-landlord-chinachem-cuts-base-rent-close-to-zero-for-some-tenants-in-tsim-sha-tsui-wants-to-walk-them-through-this-tough-period","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-landlord-chinachem-cuts-base-rent-close-to-zero-for-some-tenants-in-tsim-sha-tsui-wants-to-walk-them-through-this-tough-period\/","title":{"rendered":"Hong Kong retail landlord Chinachem cuts base rent close to zero for some tenants in Tsim Sha Tsui, wants to \u2018walk them through this tough period\u2019"},"content":{"rendered":"


\nChinachem Group is charging close to zero base rents as part of relief measures offered to some of its tenants in its Tsim Sha Tsui shopping centres since March.Donald Choi, the Hong Kong retail landlord\u2019s chief executive, said in an interview on the sidelines of the China Conference, which the South China Morning Post is hosting, on Thursday that tenants selling duty-free products targeted mainly at mainland Chinese tourists have been offered the favourable terms to power through the city\u2019s\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong retail landlord Chinachem cuts base rent close to zero for some tenants in Tsim Sha Tsui, wants to \u2018walk them through this tough period\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinachem Group is charging close to zero base rents as part of relief measures offered...<\/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-116379","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-uh5","jetpack-related-posts":[{"id":122571,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watsons-closes-shop-in-tsim-sha-tsui-after-20-years-in-latest-sign-of-hong-kong-retail-sectors-struggle-to-survive-coronavirus-pandemic\/","url_meta":{"origin":116379,"position":0},"title":"Watsons closes shop in Tsim Sha Tsui after 20 years in latest sign of Hong Kong retail sector\u2019s struggle to survive coronavirus pandemic","date":"October 13, 2021","format":false,"excerpt":"\r Personal health care chain Watsons said it will close its shop in one of Hong Kong\u2019s major tourist locations on Thursday after leasing it for two decades, a sign of the retail industry\u2019s struggle to survive a near-total absence of visitors during the pandemic.Watsons, owned by tycoon Li Ka-shing\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120447,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-technology-stocks-rush-for-tsim-sha-tsui-offices-on-the-way-to-their-hong-kong-listings-lured-by-cheap-rent-railway-links\/","url_meta":{"origin":116379,"position":1},"title":"Chinese technology stocks rush for Tsim Sha Tsui offices on the way to their Hong Kong listings, lured by cheap rent, railway links","date":"February 17, 2021","format":false,"excerpt":"\r Cheaper rents and proximity to the high-speed rail link between Hong Kong and mainland China are likely to boost shopping haven Tsim Sha Tsui\u2019s standing as a preferred location for Chinese technology companies that are looking to go public via the city\u2019s stock exchange, according to analysts.The forecast comes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34428,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-and-tsim-sha-tsui-retain-allure-for-retailers-in-spite-of-sluggish-times\/","url_meta":{"origin":116379,"position":2},"title":"Causeway Bay and Tsim Sha Tsui retain allure for retailers in spite of sluggish times","date":"November 15, 2016","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cartier-closes-boutique-at-1881-heritage-as-it-consolidates-retail-network-in-tsim-sha-tsui-amid-hong-kongs-luxury-sales-slump\/","url_meta":{"origin":116379,"position":3},"title":"Cartier closes boutique at 1881 Heritage as it consolidates retail network in Tsim Sha Tsui amid Hong Kong\u2019s luxury sales slump","date":"October 3, 2020","format":false,"excerpt":"\r Cartier, the French luxury jeweller and watch maker, said it\u2019s closing one of seven boutiques in Hong Kong to consolidate its sales network, reflecting the predicament of the city\u2019s luxury retail industry amid a bruising recession and a collapse in tourist arrivals.The jeweller closed its boutique at CK Asset\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115262,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-jeweller-tiffany-closes-its-shop-in-tsim-sha-tsui-hong-kong-as-covid-19-batters-the-citys-retailers\/","url_meta":{"origin":116379,"position":4},"title":"Luxury jeweller Tiffany closes its shop in Tsim Sha Tsui, Hong Kong, as Covid-19 batters the city\u2019s retailers","date":"March 30, 2020","format":false,"excerpt":"\r Tiffany & Co, one of the world\u2019s leading jewellers, has closed its shop in Canton Road, Tsim Sha Tsui, one of the most expensive shopping locations in Hong Kong, after sales slumped amid the coronavirus outbreak.The luxury jewellery retailer, founded in the US, has quietly shut its 4,000 square-foot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":152244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-is-worlds-top-high-street-beating-madison-avenue-bond-street\/","url_meta":{"origin":116379,"position":5},"title":"Hong Kong\u2019s Tsim Sha Tsui is world\u2019s top high street, beating Madison Avenue, Bond Street","date":"April 30, 2025","format":false,"excerpt":"\r Prime retail rent in TST, as the area is called, was \u00a317,132 (US$22,976) per square metre per annum in the fourth quarter, according to Savills\u2019 report.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Tsim Sha Tsui is world\u2019s top high street, beating Madison Avenue, Bond Street","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\/116379"}],"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=116379"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116379\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}