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Retail properties

Retail properties
Hong Kong ranks as the world's most expensive high-street retail destination with average rent of US$4,327 per sq ft per annum, surpassing New York, Paris, London and Tokyo by a substantial margin, according to the latest research from CBRE.
Hong Kong property

McDonald’s sells Hong Kong shop for US$15.3 million as ‘old money’ returns

May Cheong toymaker family linked to buyer of first McDonald’s outlet in New Territories; fast-food chain has sold 13 shops for HK$1.2 billion since last year.

New World Development posts HK$26.8b loss after 11 Skies termination

‘Vicious cycle’: why Hong Kong’s commercial property downturn could worsen

Tighter bank lending is further weakening demand for commercial property in Hong Kong, and could tip the market into a ‘vicious cycle’, agency warns.

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