Latest news with #MongKok
South China Morning Post
6 days ago
- Business
- South China Morning Post
After selling homes on The Peak, low-key Ho Shung-pun family puts building on the block
The family of Ho Shung-pun, a low-key clan of real estate developers in Hong Kong, has put a commercial property on the block after selling several luxury houses on The Peak last year to repay debt. Advertisement Colliers is the sole agent for the five-storey building located at 18 Bute Street in Mong Kok. Ho is the director of the Kowloon Investment, which bought the building in 1971 for HK$420,000 (US$53,580), according to official records. The total gross floor area of the building is about 13,000 sq ft, with an average area of 2,550 sq ft per floor, according to Colliers. The property agent said the indicative price for the vacant building, listed on Wednesday, was HK$350 million. Last year, the sale of multiple houses on The Peak fetched the family about HK$3 billion. The Ho family sold a town house at 28 Peak Road for HK$1.05 billion in November to Zhansheng Network Technology, according to official records. The sale of a town house at 28 Peak Road fetched the Ho family HK$1.05 billion in November. Photo: Handout In October, the family sold three units at 99, 101 and 103 Plantation Road to an executive of Hong Kong-listed power-tools maker Techtronic Industries for HK$828 million. The proceeds from the sale were partially used to repay a HK$1.6 billion private loan extended to the Ho family by Gaw Capital that was due in January, sources told the Post.
South China Morning Post
6 days ago
- General
- South China Morning Post
Pedestrian, 60, dies after being hit by Hong Kong policeman's private car
A 60-year-old man has died after being knocked down by a private car driven by a Hong Kong policeman in Mong Kok, prompting an official investigation. Advertisement Police said the officer, 46, was travelling along Nathan Road towards Yau Ma Tei at 3.16am on Thursday when he hit the man, who was crossing the street near the junction of Nathan Road and Prince Edward Road West. The victim, a foreign man, became trapped under the car and was subsequently rescued. The victim was trapped under the car before he was rescued and rushed to hospital, where he died. Photo: Cable TV news He sustained multiple injuries and was rushed to Kwong Wah Hospital in Yau Ma Tei, where he was pronounced dead at 4.34am. The Special Investigation Team of Traffic, Kowloon West, has launched an investigation into the incident. Police also said those who witnessed the accident could contact them at 36619062. The number of deaths rose by 44 per cent, with 23 people dying in the first quarter of this year. Advertisement Last year, the force recorded 18,355 traffic accidents involving injuries. Of these, 884 resulted in serious injuries or death – a record low, representing a 26 per cent drop from the 1,189 people badly hurt in 2023.
South China Morning Post
14-05-2025
- Business
- South China Morning Post
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. Advertisement Japanese supermarket chain Don Don Donki will be keeping its 17,332 sq ft of space across two floors at 100 Queen's Road Central for HK$900,000 (US$115,456) a month, a 25 per cent reduction from the HK$1.2 million that the company paid for the property in 2020, agents said on Wednesday. Meanwhile, a space spanning 8,150 sq ft in the basement of the LHT Tower on Queen's Road Central was snapped up by a gym operator, which signed a lease in March for HK$400,000 a month. Agents said the previous tenant, mattress retailer Beyond Sleep, paid 20 per cent more at HK$500,000 per month. In Kowloon's Mong Kok, a 3,600 sq ft space at 48-50 Sai Yeung Choi Street South was leased by a sporting goods retailer for HK$400,000 a month in April, down 20 per cent from the HK$500,000 that British beauty retailer Lush was paying previously, the agents said. The rental discounts come amid a sluggish retail environment in the city. Advertisement Retail sales in Hong Kong fell 3.5 per cent in March, marking the 13th straight month declines, according to the latest official data. It was, however, less severe than the 13 per cent plunge that was recorded in February. 'Landlords and tenants should work as business partners to tackle challenges,' said Martin Wong, senior director and head of research and consultancy for Greater China at Knight Frank.
South China Morning Post
11-05-2025
- Business
- South China Morning Post
Hong Kong flower market bustling on Mother's Day, but bargains bloom on mainland
Last-minute shoppers headed to a famous Hong Kong flower market on Sunday to pick up carnations and roses to celebrate Mother's Day, although some vendors expressed worries about increased competition from florists offering delivery from mainland China. Advertisement The Mong Kok Flower Market was bustling with activity throughout the day, pleasing some shops that said sales were higher than usual for the occasion. But worries persisted over low-cost options available online from across the border, with speedy delivery making them a popular choice for Hongkongers. Wen Chak Florist worker Jessie, who only gave her first name, said her shop had felt the impact of customers ordering fresh flowers directly from the mainland and she hoped the government could take measures to respond. 'There are so many advertisements on social media promoting flower transport across the border at very low prices,' she said. Advertisement 'It feels unfair because they don't even have operating licences here, yet they can still sell flowers to Hong Kong customers. We have no way to compete with them in prices unless the government chooses to regulate this.'
The Guardian
11-05-2025
- General
- The Guardian
‘I hope this helps to capture a part of Hong Kong's history': Tong Ho Chung Howard's best phone picture
Tong Ho Chung Howard took this image on an afternoon of urban and street photography in the Mong Kok district of Hong Kong. He feels passionately about the history of the region where he was born and bred, and had hoped to capture what he regards as one of its most distinctive types of historical building – the corner house. 'Built on the intersection of two roads, they often contain a mixture of homes and shops,' Howard says. This corner house lies at the junction of Tung Choi Street and Shantung Street. 'They're one type of tong lau, which translates to 'Chinese building', first built in the 19th century. But in the urban renewal projects implemented here in recent years, such buildings are gradually being replaced by modern high-rises. It's leaving Hong Kong without elements that would allow people to understand its authentic characteristics and history.' Sign up to Inside Saturday The only way to get a look behind the scenes of the Saturday magazine. Sign up to get the inside story from our top writers as well as all the must-read articles and columns, delivered to your inbox every weekend. after newsletter promotion Howard took this image from the building opposite using a Huawei P20 Pro. 'In this rapidly changing world, I believe we should make good use of mobile photography to record the changes happening around us every day,' he says. As various lights shining on the building were washing out some of the authentic colours, Howard edited the image to make them more vibrant and eye-catching. 'I hope this photo helps to capture a part of history.' Howard adds, 'and maybe even entices people to visit and see it for themselves'.
