Property News · April 29, 2020

Buyers call the shots as shop owners in Hong Kong’s SoHo entertainment district accept rock-bottom prices


Shop owners in SoHo, one of Hong Kong’s most bustling nightlife districts, are willing to offer steep discounts on their asking prices as an increasing number of restaurants and bars remain vacant in the current economic downturn, market observers say.According to Midland IC&I, only 168 deals for shops were recorded in the first quarter in Central, which includes SoHo. The commercial property agency said that it was the worst ever quarter since it started tracking transactions in 1996. Nearly a…

Source : South China Morning Post
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