Luxury Real Estate Blog and News

Reconstruction of Crowne Plaza to commercial building

March 30, 2017 - Causeway Bay
Sea Holdings intended to reconstruct the Crowne Plaza Hong Kong Causeway Bay, with only 8-year building age, to a 26-storey commercial building.

Bank of East Asia sold Causeway Bay shop for HKD 200 million

March 27, 2017 - Causeway Bay
Shop A & F, G/F, & B/F, 46-54 Yee Wo Street, Causeway Bay (with a billboard), has been changed hand for HKD 200 million.

Retail rent slashed 46.8% in Causeway Bay

March 21, 2017 - Causeway Bay
The Rating and Valuation Department (RVD) announced that the most significant rental drop was recorded in the first tier street shops in Causeway Bay in 2017/18.

L'Occitane moving out Causeway Bay shop, rent slashing 39%

December 06, 2016 - Causeway Bay
L'Occitane will move out its current shop at 527 Lockhart Road, Causeway Bay, which is rent for HKD 780,000 per month, after the lease ends.

Average rent of Causeway Bay ranks second around the globe

November 29, 2016 - Causeway Bay
According to market report, the average rent of Causeway Bay, which ranks the second worldwide, is HKD 1,871 per sq ft, dropped 15.5% y-o-y.

Lease for Laforet large street shop renewed at 50% discount

November 22, 2016 - Causeway Bay
The chain jewellery shop, Chow Tai Fook, is currently renting a 7,009-sq-ft street shop in Laforet, Causeway Bay, with tenancy ending at the end of this month

Forever 21 to Shut Flagship Hong Kong Store

November 02, 2016 - Causeway Bay
Forever 21 is retreating from its Causeway Bay flagship store next August after its lease ends, with American lingerie chain Victoria's Secret rumored to be taking over the prime location.

Hong Kong shop sold for $1,380,000 psf

March 13, 2014 - Causeway Bay
G/F shop N at 77-83 Percival Street in Causeway Bay, Hong Kong spanning 200 sq ft, was reported to have been sold to CIS Properties for HK$180 million.

Japan quake fuels Hong Kong home rental costs

March 30, 2011 - Causeway Bay
Japan's massive earthquake and tsunami has added upward pressure on Hong Kong's home rental prices as more foreign employees in the financial sector are relocating to Hong Kong from Tokyo.

World's Most Expensive Street Rents

June 11, 2010 - Causeway Bay
At a rent of USD1,205.46 per square foot a year, Russell Street in Hong Kong's Causeway Bay is the most expensive luxury street front in the Asia-Pacific, according to a report by property consultancy Colliers International. The survey of rents in 127 premier retail streets around the world showed Hong Kong was beaten by only Paris and New York. "The high ranking of retail rents in Hong Kong can be explained by the support of strong retail sales," Simon Lo Wing-fai, director of research and advisory at Colliers International (Hong Kong), said.