{"id":35324,"date":"2016-11-22T14:03:56","date_gmt":"2016-11-22T07:03:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-market-braces-for-more-bad-news-after-prime-rents-have-already-collapsed-up-to-70pc\/"},"modified":"2016-11-22T14:08:48","modified_gmt":"2016-11-22T07:08:48","slug":"hong-kong-retail-property-market-braces-for-more-bad-news-after-prime-rents-have-already-collapsed-up-to-70pc","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-market-braces-for-more-bad-news-after-prime-rents-have-already-collapsed-up-to-70pc\/","title":{"rendered":"Hong Kong retail property market braces for more bad news… after prime rents have already collapsed up to 70pc"},"content":{"rendered":"


\nThe outlook for the retail market remains gloomy due to the fall in tourist arrivals and weaker sales, according to property consultants.
\nRental rates on average will fall 5-10 per cent after a sharp decline in 2016, while capital values will drop 10-15 per cent next year, says Colliers International.
\n\u201cThe focus should shift to local spending as we have seen signs of growth in this segment back to the 2012 level. To remain competitive, retailers should offer an authentic shopping…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong retail property market braces for more bad news… after prime rents have already collapsed up to 70pc<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The outlook for the retail market remains gloomy due to the fall in tourist arrivals...<\/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-35324","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\/p75ss1-9bK","jetpack-related-posts":[{"id":107311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-developer-beijing-capital-land-fast-tracks-projects-to-stay-competitive-reports-70pc-sales-increase\/","url_meta":{"origin":35324,"position":0},"title":"Hong Kong-listed developer Beijing Capital Land fast tracks projects to stay competitive, reports 70pc sales increase","date":"May 21, 2019","format":false,"excerpt":"\r Hong Kong-listed Chinese state-owned developer Beijing Capital Land has reported a 70.6 per cent surge in cumulative contracted sales to 18.8 billion yuan (US$2.7 billion) for the first four months of 2019, on the back of a switch to a strategy of fast turnovers.Ongoing cooling measures put in place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-sector-braces-for-collapse-of-once-lucrative-tutoring-centres\/","url_meta":{"origin":35324,"position":1},"title":"Hong Kong retail property sector braces for collapse of once lucrative tutoring centres","date":"April 15, 2020","format":false,"excerpt":"\r More than 400 spaces occupied by tutoring centres in shopping malls and commercial buildings across Hong Kong could soon become vacant in a further blow to the city\u2019s depressed retail property market.The loss of the centres, which pay relatively higher rents, will be a big blow to their landlords,\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":35324,"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":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":35324,"position":3},"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":149590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-should-brace-for-slashed-retail-rents-in-2025-sp-global\/","url_meta":{"origin":35324,"position":4},"title":"Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global","date":"February 20, 2025","format":false,"excerpt":"\r Major S&P-rated landlords could be forced to cut rents for new leases by 5 to 10 per cent, firm says, adding that situation could get worse.\r \r Source : South China Morning Post\r Read more...Hong Kong landlords should brace for slashed retail rents in 2025: S&P Global","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-prices-of-hong-kong-shops-in-core-shopping-districts-could-sink-80-per-cent-in-next-two-to-three-years-property-agency-says\/","url_meta":{"origin":35324,"position":5},"title":"Rents, prices of Hong Kong shops in core shopping districts could sink 80 per cent in next two to three years, property agency says","date":"March 4, 2020","format":false,"excerpt":"\r The rents and prices of shops in Hong Kong\u2019s core shopping districts could plunge to 2006 levels \u2013 a decline of 40 per cent \u2013 by the end of this year, Midland IC&I, an agency that has tracked shop vacancies since 2016, said on Tuesday.Rents and prices could even\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\/35324"}],"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=35324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=35324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=35324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=35324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}