Tsim Sha Tsui

New Business

NWD reports losses for second straight year as CEO says debt reduction efforts yield results

New World Development (NWD), controlled by one of Hong Kong’s richest families, reported losses for the second consecutive year even…

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McDonald’s seeks US$153 million for 8 Hong Kong retail properties in rare asset sale

McDonald’s Corp is selling eight retail properties in Hong Kong with an estimated market value of HK$1.2 billion (US$153 million),…

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New Business

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline,…

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Mainland Chinese retailers take advantage of falling rents to expand Hong Kong presence

Mainland Chinese retailers are stepping up their expansion in Hong Kong, taking advantage of falling rents to target value-seeking consumers,…

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Chinese fast-fashion retailer opens flagship Urban Revivo store in Hong Kong

Fashion Momentum Group (FMG), a Chinese fast-fashion retailer, opened a flagship store of its Urban Revivo brand in Hong Kong…

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Hong Kong landlords combat tough retail environment by offering rent discounts to tenants

Hong Kong’s retail landlords are extending more rental discounts to their tenants, property agents said, amid a tough operating environment.…

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Hong Kong’s Tsim Sha Tsui is world’s top high street, beating Madison Avenue, Bond Street

Hong Kong’s Tsim Sha Tsui district commanded the most expensive rental fees among the world’s retail markets last year, as…

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Hong Kong retail rents have further to fall amid consumer spending dip

Activity in Hong Kong’s retail leasing market is strong despite lukewarm retail sales, as companies take advantage of rents that…

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New Business

Exclusive | Hong Kong pharmacy joins Russell Street retail scene to capitalise on rent slump

A local pharmacy has emerged as the newest tenant on Russell Street in Causeway Bay, filling the space previously leased…

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New Business

Firm tied to Philippines brand Oishi pays US$16.5 million for 2 Hong Kong shops

A company linked to Philippines tycoon Carlos Chan and the producer of Oishi snacks bought two ground floor shops in…

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