Property News · July 11, 2017

China’s mall operators face bleak decade as shoppers go online


Shopping mall operators on the mainland are bracing for a difficult decade as their retail tenants continue to lose market share to online vendors, suggesting little room to push up leasing rates in line with historic trends, according to a major Hong Kong based developer.
Henderson Land Development vice chairman Peter Lee Ka-kit, the eldest son of Hong Kong’s second-richest man Lee Shau-kee, said rental pressure on shopping malls would persist.
“There are already fewer visitors…

Source : South China Morning Post
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