# Sunday, 18 April 2010

It is a bad news to me that Shark's Fin City Restaurant (魚翅城) in Times Square Causeway Bay (時代廣場) will be closing down and today is their last business day.

With the growing awareness of the risk of driving the Sharks to extinction, eating Shark's fin is not a good thing to talk about, the restaurant's name could be hurting them, though to be fair, they offer many good food that has nothing to do with Shark's fin. But perhaps what's hurting them is something else.

The high real estate cost (thus rental costs) in Hong Kong is a well known fact, many business simply cannot sustain the constant hike in rental rates demanded by real estate owners, in good times the pressure can still be tolerated, but this makes the business so vulnerable, I think this is what is forcing the restaurant to close down the Causeway Bay branch.

Well, they do have branches at Kowloon side, I know there is one in New World Centre (新世界中心) in TST near the Avenue of Stars, and it is interesting to see how this restaurant will evolve in the coming years.

Sunday, 18 April 2010 14:01:42 (China Standard Time, UTC+08:00)