Street gets cooler

Rental values of some shops on Russell Street in Causeway Bay are down by 25 percent, data from the Rating and Valuation Department shows.

Esther Yu

Tuesday, March 21, 2017

Rental values of some shops on Russell Street in Causeway Bay are down by 25 percent, data from the Rating and Valuation Department shows.

And among striking fall-offs at what has been the hottest of streets, a 795-square-foot unit at 38 Russell Street has an annual rental value of HK$13.6 million against HK$30 million a year ago.

Also in retailing, Chinese Estates (0127) sold two ground-level shops at its new One South Lane project in Sai Wan for HK$74 million.