{"id":151316,"date":"2025-04-18T08:30:14","date_gmt":"2025-04-18T01:30:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-pharmacy-joins-russell-street-retail-scene-to-capitalise-on-rent-slump\/"},"modified":"2025-04-18T14:42:16","modified_gmt":"2025-04-18T07:42:16","slug":"hong-kong-pharmacy-joins-russell-street-retail-scene-to-capitalise-on-rent-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-pharmacy-joins-russell-street-retail-scene-to-capitalise-on-rent-slump\/","title":{"rendered":"Hong Kong pharmacy joins Russell Street retail scene to capitalise on rent slump"},"content":{"rendered":"


\nAnnual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong pharmacy joins Russell Street retail scene to capitalise on rent slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Annual rent in Causeway Bay shopping district has declined 46 per cent on average between...<\/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-151316","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-DmA","jetpack-related-posts":[{"id":154356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-retailers-capitalise-on-hong-kongs-retail-property-slump-to-expand\/","url_meta":{"origin":151316,"position":0},"title":"Japanese retailers capitalise on Hong Kong\u2019s retail property slump to expand","date":"May 27, 2025","format":false,"excerpt":"\r 3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong\u2019s retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","url_meta":{"origin":151316,"position":1},"title":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests","date":"September 7, 2020","format":false,"excerpt":"\r Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108817,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/outlook-for-hong-kong-retail-rents-bleak-as-trade-war-and-protests-dampen-sales\/","url_meta":{"origin":151316,"position":2},"title":"Outlook for Hong Kong retail rents bleak as trade war and protests dampen sales","date":"July 9, 2019","format":false,"excerpt":"\r Hong Kong\u2019s retail leasing market is expected to slow further in the second half as sales continue to slump because of the US-China trade war and uncertainty over protests against the extradition bill, industry observers say.Overall rent for shops along prime shopping streets fell 1.2 per cent quarter on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-adjust-rent-expectations-as-pandemic-reshapes-retail-landscape-amid-changing-consumer-preferences\/","url_meta":{"origin":151316,"position":3},"title":"Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences","date":"February 2, 2021","format":false,"excerpt":"\r In the past year, Hong Kong\u2019s retail sector recorded the worst performance in a decade, as months of social unrest, followed by the Covid-19 pandemic drove tourists away, hit consumer spending and threatened the survival of many retail businesses. These crises have not only greatly disrupted Hong Kong\u2019s retail\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-big-hong-kong-developers-release-prices-on-new-projects-to-capitalise-on-positive-sentiment\/","url_meta":{"origin":151316,"position":4},"title":"Three big Hong Kong developers release prices on new projects to capitalise on positive sentiment","date":"March 9, 2017","format":false,"excerpt":"\r Hong Kong\u2019s housing market appears to be heating up even faster despite the government\u2019s cooling measures, with a 270 square foot flat above Nam Cheong Station \u2013 the tiniest apartment available along the city\u2019s railway network \u2013 going for nearly HK$5 million. This trend is clearly seen in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-parking-space-transactions-rise-as-investors-capitalise-on-removal-of-double-stamp-duty\/","url_meta":{"origin":151316,"position":5},"title":"Hong Kong parking space transactions rise as investors capitalise on removal of double stamp duty","date":"December 22, 2020","format":false,"excerpt":"\r The sales of parking spaces in Hong Kong jumped about 37 per cent in the first 18 days of this month, as investors encouraged by the removal of the double stamp duty on non-residential property returned to the sector.About 410 parking spaces have changed hands in this period, rising\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\/151316"}],"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=151316"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/151316\/revisions"}],"predecessor-version":[{"id":151317,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/151316\/revisions\/151317"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=151316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=151316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=151316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}