News roundup: 10 common bedroom design problems with solutions, and other headlines

For PropertyGuru’s real estate news roundup, we present 10 common bedroom design problems and offer some solutions. In other headlines, Hong Kong’s Tourism Board invited over 2,000 key opinion leaders to “tell good stories” of Hong Kong in 2023, while the list of top 10 most expensive shopping strips includes an Australian mall as well as Hong Kong’s Tsim Sha Tsui.

10 common bedroom design problems with solutions

Bedrooms are a haven of rest and relaxation. They are spaces where you seek solace after an exhausting day and where you feel the safest. We all spend a considerable amount of time, energy, and effort to decorate our bedroom in a way that reflects our personality and sense of style in the best way possible. In the journey of creating the bedroom of your dreams, you might encounter some problems that can potentially hamper your plans.

Housing.com delves deeper into some such problems and offers troubleshooting tips.

Tourism Board invited over 2,000 bloggers, KOLs, celebrities to ‘tell good stories’ of Hong Kong last year

The tourism board invited over 2,000 trade and media stakeholders, bloggers, celebrities, and key opinion leaders (KOLs) from mainland China, Southeast Asia, and Europe in 2023 to visit and help “tell the good story of Hong Kong.”

Chinese bloggers with large followings on Xiaohongshu, Douyin, Weibo, and Bilibili were among those targeted, alongside Hollywood movie stars, Acting Secretary for Culture, Sports, and Tourism Raistlin Lau said in a legislative reply to lawmaker Chan Chun-ying, according to a report in HKFP.

They were invited to “come to Hong Kong to experience [its] diverse tourism features and share their experience on social media to create positive word of mouth and tell the good story of Hong Kong,” Lau’s response said.

Australian mall named one of the world’s most expensive shopping strips

A new report in realcommercial.com.au has unveiled the most expensive retail streets in the world where it costs a small fortune to lease a shop – and an Australian mall is in the top 10.

New York’s famed Fifth Avenue, which counts Cartier, Bergdorf Goodman, and Tiffany & Co among its iconic retailers, takes the top spot in real estate firm Cushman & Wakefield’s ranking, thanks to its average rent of about USD32,000 per square metre per year.

Despite the impact of COVID on the retail sector and economic turmoil in the United States, that cost has increased by 14 percent on pre-pandemic figures – and is up 7 percent year-on-year.

Hong Kong’s beloved Tsim Sha Tsui ranks as the second most expensive shopping street globally, with an average cost of about USD23,000 per square metre per year.

Coming in third is Via Montenapoleone in the Italian shopping mecca of Milan, where a retailer pays an average of about USD21,600 per square metre per year.

And rounding out the top five are New Bond Street in London, with an average cost of about USD21,000 per square metre per year, and Avenues des Champs- Élysées in Paris, with about USD16,900 per square metre per year.

The sole Australian entry in the top 10 is the popular Pitt Street Mall in Sydney, where retailers fork out about USD11,700 per square metre per year. Major international brands like Sephora, Zara, Tom Ford, and Kate Spade can be found there alongside Aussie giants like RM Williams and Myer.

The Property Report editors wrote this article. For more information, email: [email protected].