An unexpected part 2 of our interview with sprudge.com

Written by admin. Posted in 18 Grams, 18 Grams Media, Blog Post, Causeway Bay, Mong Kok, Sai Kung, Tsim Sha Tsui

18 Grams Alley Lighting

18 Grams Alley Lighting

Sprudge.com recently did an interview with us, and we were really honored to be included as one of the excellent cafes in Hong Kong.  What we didn’t know is that there is a part 2 to it.  Part 2 talked about the hardship of operators of cafes in Hong Kong, primarily due to the high rent of the city.  Hong Kong had recently opened the boarder to China and their investment opportunities.  As a result of that consumer spendings from China tourists in Hong Kong is getting a bit crazy.  Ultra Luxury items are selling like hot cakes.  All the world’s brand names flock to Hong Kong and fight of prime retail locations.  In general an average of 30% raise in rent per year is not unheard of.  Hong Kong Streets lead global retail rents rise.  And Small business off Hong Kong Streets. With the recent wave of new specialty cafes opening in Hong Kong, we have yet to made what the outcome will be for our City and our own cafes in 2 years time(usually the lease period nowadays).   Every 2 years is a cycle and these cycles are getting harder and harder.