{"id":121788,"date":"2021-09-02T12:00:28","date_gmt":"2021-09-02T05:00:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fivelements-to-shut-times-square-spa-amid-quibbles-over-rent-as-uncertainty-about-hong-kongs-recovery-stymies-businesses\/"},"modified":"2021-09-02T12:15:51","modified_gmt":"2021-09-02T05:15:51","slug":"fivelements-to-shut-times-square-spa-amid-quibbles-over-rent-as-uncertainty-about-hong-kongs-recovery-stymies-businesses","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fivelements-to-shut-times-square-spa-amid-quibbles-over-rent-as-uncertainty-about-hong-kongs-recovery-stymies-businesses\/","title":{"rendered":"Fivelements to shut Times Square spa amid quibbles over rent, as uncertainty about Hong Kong\u2019s recovery stymies businesses"},"content":{"rendered":"


\nFivelements Habitat, which provides yoga, spa treatments and plant-based cuisine, is shutting its Times Square wellness centre in Causeway Bay after two years of operation, as it failed to agree with its landlord Wharf Reic on the terms of its lease renewal.The centre, located on level 13A of Times Square\u2019s Tower One, will cease operating at 6pm on September 30, ahead of the expiry of its lease in December, according to a notice to customers.\u201cWe were reaching an inflection point where we\u2019re\u2026
\n
\nSource : South China Morning Post
\nRead more…Fivelements to shut Times Square spa amid quibbles over rent, as uncertainty about Hong Kong\u2019s recovery stymies businesses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fivelements Habitat, which provides yoga, spa treatments and plant-based cuisine, is shutting its Times Square...<\/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-121788","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-vGk","jetpack-related-posts":[{"id":117908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-biggest-shopping-centre-harbour-city-offers-rent-concessions-and-shocks-tenants-with-lease-renewal-terms\/","url_meta":{"origin":121788,"position":0},"title":"Hong Kong\u2019s biggest shopping centre Harbour City offers rent concessions and shocks tenants with lease renewal terms","date":"July 22, 2020","format":false,"excerpt":"\r The owner of Hong Kong\u2019s biggest shopping centre is offering its tenants additional rent concessions, with a catch: extend the leases for at least 18 months in a market facing a third wave of coronavirus infections.The tactic has come as a shock to retailers at Harbour City, an upmarket\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landlords-consider-increasing-rent-for-the-first-time-in-two-years-amid-ongoing-economic-recovery\/","url_meta":{"origin":121788,"position":1},"title":"Hong Kong\u2019s retail landlords consider increasing rent for the first time in two years amid ongoing economic recovery","date":"June 23, 2021","format":false,"excerpt":"\r With Hong Kong\u2019s economic recovery gathering pace and domestic consumption improving, retail landlords have started mulling rent increases for the first time since the correction started two years ago in the wake of the social unrest.While landlords of shopping centres and street shops seem optimistic and expect retailers to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":121788,"position":2},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166571,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-to-occupy-over-40000-sq-ft-at-hong-kongs-capitol-centre-in-2026\/","url_meta":{"origin":121788,"position":3},"title":"HSBC to occupy over 40,000 sq ft at Hong Kong\u2019s Capitol Centre in 2026","date":"December 5, 2025","format":false,"excerpt":"\r HSBC is set to occupy more than 40,000 sq ft of space in Capitol Centre in Causeway Bay, as Hong Kong\u2019s largest bank joins a growing list of finance and banking firms snapping up commercial space in the city. The London-headquartered lender signed a five-year lease, which starts May\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-agencies-seek-rent-relief-as-no-one-dares-to-come-out-to-sales-offices-amid-coronavirus-outbreak\/","url_meta":{"origin":121788,"position":4},"title":"Hong Kong\u2019s property agencies seek rent relief as \u2018no one dares to come out\u2019 to sales offices amid coronavirus outbreak","date":"February 9, 2020","format":false,"excerpt":"\r Hong Kong\u2019s largest property agencies with almost 900 sales offices in the city are asking for discounts on new leases as they brace for further slide in sales after the industry\u2019s worst year since 2016.Centaline Property Agency is prepared to shut some of its 423 branches if it cannot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lush-known-for-its-handmade-soaps-and-shampoos-shuts-five-storey-shop-in-further-blow-to-hong-kong-retail-property-sector\/","url_meta":{"origin":121788,"position":5},"title":"Lush, known for its handmade soaps and shampoos, shuts five-storey shop in further blow to Hong Kong retail property sector","date":"July 7, 2020","format":false,"excerpt":"\r British beauty retailer Lush has shut its five-storey shop in Hong Kong\u2019s Central district, becoming the latest global company to succumb to a coronavirus-induced economic slowdown and, in turn, piling pressure on the city\u2019s souring retail property sector.The company, which is famous for its fresh handmade soaps, masks and\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\/121788"}],"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=121788"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}