Hong Kong Causeway Bay Shop Rents Set to Rise on Hysan Mall
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Hong Kong’s Causeway Bay, home to the world’s third-most expensive shopping strip, is set for its biggest facelift in almost two decades with a new mall that may drive up rents in the area.
Hysan Development Co., the area’s biggest commercial landlord, next year will complete a complex the size of 12 American football fields in the district’s biggest addition since 1994, when Wharf Holdings Ltd.’s Times Square put the area on the luxury retail map. About 45 percent of Hysan Place’s retail space is already filled with tenants that may include Apple Inc.