{"id":34350,"date":"2016-11-15T09:34:46","date_gmt":"2016-11-15T02:34:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/underground-retail-space-in-hong-kong-may-lower-rents-attract-new-entrants\/"},"modified":"2016-11-15T09:39:33","modified_gmt":"2016-11-15T02:39:33","slug":"underground-retail-space-in-hong-kong-may-lower-rents-attract-new-entrants","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/underground-retail-space-in-hong-kong-may-lower-rents-attract-new-entrants\/","title":{"rendered":"Underground retail space in Hong Kong may lower rents, attract new entrants"},"content":{"rendered":"


\nA government pilot study into developing underground spaces in four prime locations could help to attract new entrants into Hong Kong\u2019s retail market, according to industry experts, as increasing supply could lower rents.
\nBut analysts suggested providing connectivity between the subterranean spaces and facilities such as MTR stations and existing shopping malls would be paramount if the concept of an \u201cunderground shopping area\u201d is to succeed.
\n\u201cLocation, location and…
\n
\nSource : South China Morning Post
\nRead more…Underground retail space in Hong Kong may lower rents, attract new entrants<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A government pilot study into developing underground spaces in four prime locations could help to...<\/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-34350","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\/p75ss1-8W2","jetpack-related-posts":[{"id":171846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-brands-power-hong-kong-retail-recovery-as-fb-is-joined-by-fashion-and-beauty\/","url_meta":{"origin":34350,"position":0},"title":"Mainland brands power Hong Kong retail recovery as F&B is joined by fashion and beauty","date":"May 24, 2026","format":false,"excerpt":"\r Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts. The change in profile of mainland brands coming to Hong Kong is helping the city\u2019s landlords fill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pop-up-stores-to-increase-in-hong-kong-as-rents-for-retail-space-continue-to-rise\/","url_meta":{"origin":34350,"position":1},"title":"Pop-up stores to increase in Hong Kong as rents for retail space continue to rise","date":"May 1, 2018","format":false,"excerpt":"\r Pop-up stores are not only the answer to shopping malls striving to meet ever-changing customer demands, but they are also for new retailers to test the water without having to pay exorbitant rents as the retail market recovers from a three-year decline, say operators and analysts.\u00a0 \u201cLocal consumption demand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":34350,"position":2},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-firms-snap-up-retail-spaces-in-hong-kong-making-the-most-of-citys-low-rents-and-residents-fondness-for-countrys-brands\/","url_meta":{"origin":34350,"position":3},"title":"Japanese firms snap up retail spaces in Hong Kong, making the most of city\u2019s low rents and residents\u2019 fondness for country\u2019s brands","date":"March 18, 2024","format":false,"excerpt":"\r Over the past two years, Japanese businesses have been the most active among foreign firms in terms of leasing retail spaces in Hong Kong, according to data compiled by JLL.\r \r Source : South China Morning Post\r Read more...Japanese firms snap up retail spaces in Hong Kong, making the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-cuts-rents-by-up-to-60-per-cent-as-hong-kong-issues-sos-to-support-businesses-protect-jobs\/","url_meta":{"origin":34350,"position":4},"title":"Henderson Land cuts rents by up to 60 per cent as Hong Kong issues SOS to support businesses, protect jobs","date":"February 13, 2020","format":false,"excerpt":"\r Henderson Land Development, run by Hong Kong\u2019s richest tycoon, is reducing rents for its tenants by as much as 60 per cent, joining its peers easing the strain on local businesses hit by the coronavirus outbreak.The developer, which owns retail space in more than 20 shopping malls across the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-brands-use-pop-up-stores-to-skirt-hong-kongs-sky-high-retail-rents-amid-consumer-spending-smashed-by-protests\/","url_meta":{"origin":34350,"position":5},"title":"Luxury brands use pop-up stores to skirt Hong Kong\u2019s sky-high retail rents amid consumer spending smashed by protests","date":"January 15, 2020","format":false,"excerpt":"\r The protest movement that has gripped Hong Kong since last summer has devastated the retail sector, forcing many shops to close as consumer sentiment and visitor numbers have dropped through the floor.But some luxury brands \u2013 and the shopping malls that house them \u2013 have been fighting back using\u2026","rel":"","context":"In "Property 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