Hong Kong store rents may rise by as much as 10% this year as retailers benefit from an influx of shoppers from mainland China, Savills said.

Rents in malls with the best locations, such as Times Square in Causeway Bay and IFC Mall in Central, may increase by 5% to 10% this year, while those at street level, including Canton Road in Tsim Sha Tsui, may climb 10%, Simon Smith, Hong Kong-based senior director of research at the property broker, said in a phone interview.