Hong Kong will be getting its first Apple Store later this year. The South China Morning Post reported that the 15,000 square-foot location will be in the International Finance Center (IFC) Mall in the central district of Hong Kong Island. A second Apple Store in Hong Kong is planned for 2012 to be a 20,000 square-foot location in Hysan Place in Causeway Bay.
Apple reportedly has negotiated a 10-year lease for the IFC Mall location and will be spending roughly $20 million for construction and up to $9.2 million a year for rent. This Apple Store should resemble the other high-profile locations in London, Paris, and Shanghai.
Situated near a soon to be Four Seasons Hotel, and surrounded by about 200 shops featuring 100 different international brands, this new Apple Store should attract a tremendous amount of visitors. Apple's four Apple Stores in China--two in Beijing and two in Shanghai--each get over 40,000 visitors a day. This is four times the average traffic of US stores.