Hong Kong’s shopping districts enjoy strong leasing momentum | Real Estate Asia

Hong Kong’s shopping districts enjoy strong leasing momentum

Find out what the notable leases recently.

Leasing momentum continues to gather towards Hong Kong’s core shopping districts, according to a JLL report.

Notably, three ground floor shops (1,640 sq ft in total) at Taurus Building on Granville Road in Tsimshatsui were leased to a cosmetics and healthcare retailer for a reported monthly rent of about HKD 500,000, representing a 46% discount from the peak monthly rent of the lease committed by the previous tenant – Nature Republic.

JLL further said the investment market sentiment improved slightly in June. Notably in Kai Tak, two retail podiums (26,132 sq ft in total) at the Henley I on Muk Tai Street were reportedly sold for HKD 528.0 million (HKD 20,205 per sq ft) to Qixing Property Limited.

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