Tuesday, September 16, 2014
Causeway Bay has knocked New York's Fifth Avenue off the top of the list of most expensive places to rent retail space in the world, new research shows.
One investor paid a record HK$1.38 million per square foot for a tiny store there that could only bring a rental yield of 1.5 per cent.
Hong Kong is by far the world's most expensive city for retailers, but prime rents in leading markets such as New York, Paris and London continue to reach record-breaking levels, according to a report by global property adviser CBRE Group.
Wonder why Causeway Bay became the Earth's most expensive place? Check out the Hong Kong map or Google map. Readers need to understand the rationale behind Chinese metaphysics.
In basic feng shui, we look at two important elements, which are mountain and water. We first look at the mountain part, where kind energy would be concentrated by four energy generators.
On the left dragon we have The Peak, white tiger on the left is Braemar Hill, while in front is Beacon Hill and at the rear we have support from Violet Hill. That makes the center point crossing at Causeway Bay.
This point is called the Center of Cosmic Heart.
The energy concentrated is kind and conducive for generating commercial activity. But this alone cannot make Causeway Bay the world's most expensive place.
The second most important element in Feng Shui is water. Let us examine the bay itself. The curve right into the bay is said to have diverted the water energy from both 
Such kind energy is complemented by the four-energy generator to create such phenomena and by looking at the map, Causeway Bay is precisely located right at the curved-in spot.
Should the harbor be disturbed further by reclaimed land, we would see energy being dispersed and scattered and result in the downfall of Causeway Bay.
I have only mentioned the two basic elements, but I will explain more advanced elements in later columns.
Kerby Kuek has published 15 books on feng shui, inner alchemy, Taoism and metaphysics. He can be contacted at www.misterfengshui.com.
http://www.thestandard.com.hk/news_detail.asp?pp_cat=15&art_id=149454&sid=42872680&con_type=3&d_str=20140916
