Luxury Real Estate Blog and News
Causeway Bay Shop Sold at 73% Loss
August 05, 2020 - Causeway BayHong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73% loss.
Victoria's Secret to takeover Forever 21's HK flagship spot
January 26, 2018 - Causeway BayThe shop will be rented by Victoria’s Secret for a monthly rent said to be HKD 7 million, dropped by almost half compared with Forever 21’s current rent.
Super small shop in Cannon Street sold for HKD 49 million
October 02, 2017 - Causeway BayA super small shop at G/F, 15-27 Cannon Street, Causeway Bay, with a gross area of about 256 sq ft, was sold at HKD 49 million, or HKD 191,400 per sq ft on November 10.
Reconstruction of Crowne Plaza to commercial building
March 30, 2017 - Causeway BaySea 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 BayShop 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 BayThe 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 BayL'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 BayAccording 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 BayThe 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
Hong Kong shop sold for $1,380,000 psf
March 13, 2014 - Causeway BayG/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.