{"id":28461,"date":"2016-10-04T14:16:21","date_gmt":"2016-10-04T07:16:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mid-priced-brands-cash-in-on-falling-hong-kong-rents-at-expense-of-luxury-retailers\/"},"modified":"2016-10-04T14:26:37","modified_gmt":"2016-10-04T07:26:37","slug":"mid-priced-brands-cash-in-on-falling-hong-kong-rents-at-expense-of-luxury-retailers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mid-priced-brands-cash-in-on-falling-hong-kong-rents-at-expense-of-luxury-retailers\/","title":{"rendered":"Mid-priced brands cash in on falling Hong Kong rents at expense of luxury retailers"},"content":{"rendered":"


\nHong Kong may no longer be the darling of European luxury brands after the combined effect of a slower local economy and fewer mainland shoppers as a result of Beijing\u2019s anti-corruption crack down, but the city is still magnet for less expensive luxury brands and mid-priced retailers.
\nRetail sales have seen an 18 month-long nosedive, with August figures (the latest available) down 10.5 per cent year on year to HK$33.9 billion.
\nThe decline, largely due to a drop in the number of mainland…
\n
\nSource : South China Morning Post
\nRead more…Mid-priced brands cash in on falling Hong Kong rents at expense of luxury retailers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong may no longer be the darling of European luxury brands after the combined...<\/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-28461","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\/p75ss1-7p3","jetpack-related-posts":[{"id":119680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/relocation-of-top-luxury-brands-regional-headquarters-to-china-likely-to-weigh-further-on-hong-kong-office-rents\/","url_meta":{"origin":28461,"position":0},"title":"Relocation of top luxury brands\u2019 regional headquarters to China likely to weigh further on Hong Kong office rents","date":"January 7, 2021","format":false,"excerpt":"\r Some luxury retailers are considering relocating their regional headquarters to China from Hong Kong to be close to their major growth market, which could add further pressure on office rents in the city, according to market observers.Brands including Versace, Salvatore Ferragamo, and LVMH-owned Bulgari, Fendi, Givenchy and Celine reduced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/discounted-rents-help-mainland-chinese-retailers-snag-prime-spots-in-hong-kong\/","url_meta":{"origin":28461,"position":1},"title":"Discounted rents help mainland Chinese retailers snag prime spots in Hong Kong","date":"October 3, 2024","format":false,"excerpt":"\r The slumping retail market is forcing landlords to extend deeper discounts, providing opportunities for brands to expand in the city.\r \r Source : South China Morning Post\r Read more...Discounted rents help mainland Chinese retailers snag prime spots in Hong Kong","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-retailers-struggle-to-survive-hong-kongs-sky-high-rents-fierce-competition\/","url_meta":{"origin":28461,"position":2},"title":"Mainland retailers struggle to survive Hong Kong\u2019s sky-high rents, fierce competition","date":"June 24, 2024","format":false,"excerpt":"\r A tide of mainland Chinese retail brands expanding in Hong Kong appears to have ebbed, with several food and beverage chains ending their tenancies as their businesses come under pressure\r \r Source : South China Morning Post\r Read more...Mainland retailers struggle to survive Hong Kong\u2019s sky-high rents, fierce competition","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/international-luxury-brands-like-tiffany-burberry-are-booming-in-mainland-china-as-they-struggle-to-survive-in-hong-kong\/","url_meta":{"origin":28461,"position":3},"title":"International luxury brands like Tiffany, Burberry are booming in mainland China as they struggle to survive in Hong Kong","date":"December 10, 2019","format":false,"excerpt":"\r International fashion brands are enjoying a boom in mainland China, where a government cut to consumption tax has led to a surge in sales and higher shop rental yields, according to a senior executive at a major retail landlord.Sales of some luxury brands have been growing up to four\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-retail-rents-sink-new-overseas-retailers-mass-market-brands-eye-expansion-on-the-cheap\/","url_meta":{"origin":28461,"position":4},"title":"As Hong Kong retail rents sink, new overseas retailers, mass-market brands eye expansion on the cheap","date":"April 19, 2020","format":false,"excerpt":"\r It is a time for bargains for new overseas and mass-market retailers looking to expand in Hong Kong, following a sharp correction in retail rents, property consultants said.\u201cWe are in talks with more than three overseas retailers, who are interested in entering the Hong Kong market. They are aiming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-luxury-home-rents-recover-as-mainland-chinese-executives-flush-with-ipo-funds-drive-leasing-deals\/","url_meta":{"origin":28461,"position":5},"title":"Hong Kong\u2019s luxury home rents recover as mainland Chinese executives flush with IPO funds drive leasing deals","date":"July 14, 2021","format":false,"excerpt":"\r Luxury home rents are back on the rise, ending eight consecutive quarters of decline, as mainland Chinese executives, flush with funds from successful initial public offerings in Hong Kong, drive leasing transactions at the top end of the market, say property agents.Rents for luxury homes jumped 5 per cent\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\/28461"}],"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=28461"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}