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• Strong growth in Mainland visitors continues to support the high end retail sector
• Prime street shop rents continue to increase in Q1/2010 with Central’s rental growth reverting to positive territory
• Domestic consumer confidence is reviving on the back of an improving labour market and retailers with more domestic appeal stand to benefit.
• Inspired by the fresh designs and new retail concepts of three new shopping malls, Tsimshatsui helped prime shopping centre rental growth in Kowloon outperform other districts
• With retail demand from both locals and tourists looking robust and supply in core areas remaining limited, prime retail rents are on course to increase by 10 to 15 per cent over 2010 as a whole

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Contact Information
Nick Bradstreet
+852 2842 4255
nbradstreet@savills.com.hk

Simon Smith
+852 2842 4573
ssmith@savills.com.hk

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