*kayin
Incongruous
Another one dug up for future memory. As one of the most densely populated cities in the world, Hong Kong’s property cost has always been up there, in the stratosphere, actually. In fact, with the constant increase of tourists visiting, Hong Kong’s rent per square foot for commercial spaces in the last quarter of 2012 was world’s most expensive, topping that of New York City’s in the same period of time. That’s alright, it makes sense, lots of people, not enough land. That’s fine and dandy and it is just the way it works. What doesn’t make sense is the fact that some expects a fast food restaurant’s monthly rent to be in the millions. And when they can’t match the rent, they are forced to move away to lower tier areas. If one thinks that it is what it is, well, then that would mean that first tier property zones will be crammed with nothing but brand named jewelry stores, horology shops, and gold vendors. How can a neighborhood be all of those things only and not consist any places for humans to eat or shop for their everyday necessities. After all, even if we could all afford it, we can’t eat Vacheron Constantins for breakfast, lunch and dinner every day, and if you get major indigestion, good luck, cause there ain’t no doctor who can afford to be operating in the neighborhood. Basically, it is absurd the way the things are happening right now. As second and third tier zones become hot, their rents will also rise, then what?
Look at this view of TST’s branch of Tsui Wah restaurant’s neon sign now, as more than likely it will become memory only. Another similar eatery literally around the corner just closed not long ago, and they are having no success finding an ideal relocation.
Incongruous
Another one dug up for future memory. As one of the most densely populated cities in the world, Hong Kong’s property cost has always been up there, in the stratosphere, actually. In fact, with the constant increase of tourists visiting, Hong Kong’s rent per square foot for commercial spaces in the last quarter of 2012 was world’s most expensive, topping that of New York City’s in the same period of time. That’s alright, it makes sense, lots of people, not enough land. That’s fine and dandy and it is just the way it works. What doesn’t make sense is the fact that some expects a fast food restaurant’s monthly rent to be in the millions. And when they can’t match the rent, they are forced to move away to lower tier areas. If one thinks that it is what it is, well, then that would mean that first tier property zones will be crammed with nothing but brand named jewelry stores, horology shops, and gold vendors. How can a neighborhood be all of those things only and not consist any places for humans to eat or shop for their everyday necessities. After all, even if we could all afford it, we can’t eat Vacheron Constantins for breakfast, lunch and dinner every day, and if you get major indigestion, good luck, cause there ain’t no doctor who can afford to be operating in the neighborhood. Basically, it is absurd the way the things are happening right now. As second and third tier zones become hot, their rents will also rise, then what?
Look at this view of TST’s branch of Tsui Wah restaurant’s neon sign now, as more than likely it will become memory only. Another similar eatery literally around the corner just closed not long ago, and they are having no success finding an ideal relocation.