Price Rise Of Pineapple Bun in Hong Kong

《視點31》菠蘿包的經濟故事(RTHK31：20/5/2014)

Some shop make a bigger one to sell HK$10 or some put red bean inside thus the price can sell at HK$13.5, however, ending story of a shop not to continue due to the greedy property owner raise up the rent each year. Here is the story about Pineapple Bun ...

This shop sell Pineapple Bun in Tsim Sha Tsui since 1970's , the price was HK$0.2 and now is selling HK$3.5. The cost of material is 1/3, labour is 1/3 and the rent is 1/3.

Monthly rent of the shop in 2014 was HK$70,000~80,000 (US$10,000). In 1979, the rent was HK$2,600 and now 30 times higher in 2014 at 80,000. While the price of the Pineapple bun was $0.2 to HK$3.5 which rise up 17 times. It means the price of the bun cannot follow the rise of the rent. Until the owner does not give opportunity for small medium shop to survive.

The second shop was in Sai Wan Ho which also has the pressure of rising the price but the shop owner also won the property which he can sell only HK$2.

The third one is a shop in Causeway Bay whose owner sold the property at the price HK$140,000,000 (~US$18,000,000), and only the jewellery shop can afford the rent then. The report said if we sell the pinapple bun at HK$3.5 that sell 1,000 pcs a day, the shop owner still need to sell over a century.