Apple is working on building two stores in Hong Kong with plans to open one this year. The first of the two stores will be in the IFC Mall in Central and will occupy a 15,000 square foot space.
Negotiations for the IFC Mall location lasted over a year and in the end netted Apple a 10-year lease on the space, according the the South China Morning Post.
Apple is building two Hong Kong stores
Apple’s second Hong Kong store will be larger at 20,000 square feet. It will be on Causeway Bay’s Hysan Place and is expected to open later in 2012 because the tower is still under construction.
Construction of the two stores is expected to cost Apple about US$40 million.
[Thanks to ifoAppleStore for the heads up.]