Rent slashed 25% for shopping mall in the Peninsula
October 04, 2016 - Tsim Sha Tsui
The giant shop at the shopping mall in the Peninsula, currently rented by Prada, has been divided into 4 smaller units for lease recently.
One of the smaller units has been rented by a jewellery shop with a monthly rent of around HKD 600 per sq ft, 25% below its previous tenancy. The new tenant is expected to move in early next year.
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Trends, property transactions, commercial property
