Hysan Archives - Inside Retail Asia

Lee Garden Three boost Hysan revenue and profit

Mall owner Hysan Development has boosted turnover by 9.1 per cent to HK$2.086 billion on the back of its newest development, Lee Garden Three contributing its first full accounting period.

Esprit Holdings to quit Causeway Bay flagship

Esprit Holdings will not renew the lease for its Causeway Bay flagship store, according to local media.

Tang Shing-bor land pegged for retail tower

Tang Shing-bor has sold a block of land next to Times Square shopping mall for a total of HK$950 million.

Fitch sounds warning on Hong Kong retail

First Hong Kong lost its mantle as the world leader in retail rents. Now the global ratings agency Fitch has issued a chilling warning. Fitch said in a statement Thursday that street-level shops in Hong Kong’s prime areas are vulnerable to the persistent weakness in luxury retail sales and their rents will likely decline at double-digit rates in 2015. In contrast, shopping malls with well-established tenant mixes could outperform the market with flat to slightly positive rental growth in 2…

Hysan bullish about Hong Kong

Hong Kong’s retail centre developer Hysan remains bullish about the city’s commercial real estate potential despite falling prime rental demand. While luxury retailers are consolidating their networks amid a slowdown and high rents in Hong Kong, Hysan believes the retail sector remains attractive. “Retail sales are largely dependent on economic growth and the wealth effect of the property market. The improvement in the US and mainland China economies will have a positive impact on Hong Kon…

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