Shops for Rent on Fung Fai Terrace, Hong Kong

Why rent a shop on Fung Fai Terrace, Happy Valley, Hong Kong?

Renting a shop on Fung Fai Terrace, Hong Kong, offers a unique opportunity to be part of a quiet, historic, and charming neighborhood with a rich heritage dating back to the early 20th century. Located in Happy Valley, Fung Fai Terrace was originally farmland before being developed into European-style apartment houses in the 1910s and 1920s, maintaining a quaint and peaceful atmosphere distinct from Hong Kong's bustling commercial areas. This area’s appeal lies in its blend of old-world architectural charm, tranquility, and proximity to established residential communities, making it ideal for businesses seeking a serene yet accessible location. Additionally, Fung Fai Terrace’s exclusivity due to its small, private street setting ensures limited competition and a loyal local customer base, which is valuable for niche shops or boutique ventures. The area’s historical character and quiet environment offer a distinctive commercial edge uncommon in more crowded parts of Hong Kong.

How much does it cost to rent a shop on Fung Fai Terrace, Happy Valley, Hong Kong?

The cost to rent a shop on Fung Fai Terrace in Happy Valley, Hong Kong typically ranges from HK$25,000 to HK$80,000 per month, depending on the size, location within the street, and specific business type permitted. Retail spaces in this popular Hong Kong neighborhood generally command premium rates due to Happy Valley's high foot traffic and affluent residential population. Ground floor shops with street-facing frontage on Fung Fai Terrace usually cost more than upper-level commercial units, with rental prices averaging HK$40 to HK$120 per square foot monthly. Factors affecting shop rental costs in Happy Valley include proximity to the Happy Valley Racecourse, accessibility to MTR stations, parking availability, and the overall condition of the commercial property. Prospective tenants should also budget for additional expenses such as management fees, rates, government rent, and utility deposits when calculating the total cost of renting retail space on Fung Fai Terrace. It's recommended to consult with local Hong Kong commercial real estate agents who specialize in Happy Valley properties for the most current market rates and available shop rental opportunities.

What's the foot traffic like on Fung Fai Terrace, Causeway Bay, Hong Kong?

Fung Fai Terrace in Causeway Bay, Hong Kong experiences moderate to high foot traffic throughout the day, particularly during peak shopping hours and weekends when visitors frequent the nearby commercial areas. Located in one of Hong Kong's busiest shopping districts, Fung Fai Terrace benefits from the substantial pedestrian flow generated by Causeway Bay's numerous retail outlets, restaurants, and entertainment venues, with foot traffic typically increasing during lunch hours from 12pm to 2pm and evening periods from 6pm to 9pm. The street sees a mix of local residents, office workers, and tourists, especially those visiting nearby attractions such as Times Square and the various shopping malls in the Causeway Bay area. While not as congested as the main thoroughfares like Hennessy Road or Yee Wo Street, Fung Fai Terrace maintains steady pedestrian activity due to its strategic location and accessibility via Causeway Bay MTR station, making it an area with consistent but manageable foot traffic levels throughout most days of the week.