{"id":117678,"date":"2020-07-09T07:30:16","date_gmt":"2020-07-09T00:30:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/"},"modified":"2020-07-09T08:03:16","modified_gmt":"2020-07-09T01:03:16","slug":"tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/","title":{"rendered":"Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit"},"content":{"rendered":"


\nTsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s most expensive retail neighbourhood for the first time in its history. Causeway Bay, which had held the accolade until now, has been hit harder by sluggish luxury goods sales.Tsim Sha Tsui, which is home to Canton Road and its Hermes, Chanel and Gucci luxury boutiques, has seen rents decline by about 17 per cent in the three months between April and June to an average of HK$1,018 (US$131) per square foot a month,\u2026
\n
\nSource : South China Morning Post
\nRead more…Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s...<\/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-117678","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-uC2","jetpack-related-posts":[{"id":165180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-holds-ground-as-worlds-fourth-priciest-shopping-strip\/","url_meta":{"origin":117678,"position":0},"title":"Hong Kong\u2019s Tsim Sha Tsui holds ground as world\u2019s fourth priciest shopping strip","date":"November 19, 2025","format":false,"excerpt":"\r Hong Kong\u2019s Tsim Sha Tsui remained the world\u2019s fourth most expensive retail strip with rents at US$1,515 per square foot per year, as two other core shopping districts in the city \u2013 Causeway Bay and Central \u2013 also ranked among the Asia-Pacific\u2019s priciest shopping locations, according to Cushman &\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":117678,"position":1},"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":171744,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-tops-asia-luxury-retail-rents-but-bond-street-worlds-priciest\/","url_meta":{"origin":117678,"position":2},"title":"Hong Kong\u2019s Tsim Sha Tsui tops Asia luxury retail rents, but Bond Street world\u2019s priciest","date":"May 11, 2026","format":false,"excerpt":"\r Hong Kong\u2019s Tsim Sha Tsui has retained its title as Asia\u2019s priciest luxury retail strip, commanding \u00a316,160 (US$22,000) per square metre in annual rents, as the city remains among the world\u2019s most active markets in terms of new high-end store openings, according to Savills. London\u2019s Bond Street replaced Tsim\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":117678,"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":131767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-dethroned-as-worlds-most-expensive-shopping-district-falls-behind-new-yorks-fifth-avenue\/","url_meta":{"origin":117678,"position":4},"title":"Hong Kong\u2019s Tsim Sha Tsui dethroned as world\u2019s most expensive shopping district, falls behind New York\u2019s Fifth Avenue","date":"November 23, 2022","format":false,"excerpt":"\r New York\u2019s upper Fifth Avenue displaces Tsim Sha Tsui on Cushman & Wakefield\u2019s first top 10 ranking since 2019, as rents tumble amid an economic slowdown and lack of international visitors.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Tsim Sha Tsui dethroned as world\u2019s most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116295,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wework-dumps-about-fifth-of-coworking-space-in-breach-of-leases-signed-with-major-hong-kong-landlords\/","url_meta":{"origin":117678,"position":5},"title":"WeWork dumps about fifth of coworking space, in breach of leases signed with major Hong Kong landlords","date":"May 13, 2020","format":false,"excerpt":"\r WeWork, the US real estate firm, is returning about 20 per cent of its Hong Kong premises to their owners, as start-ups, small enterprises and other short-term tenants failed to take up its offering of shared working space in the city.It has given up 182,000 sq ft in Causeway\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\/117678"}],"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=117678"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117678\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}