Property News · March 16, 2019

Don’t blame mall owners or Link Reit for problems at public housing estate shops


In the past few years, buyers of shopping centres at public housing estates sold by Link Reit have come under increasing criticism for the changes they have made to their acquisitions. Public housing tenants complain about the gentrification of malls that are supposed to serve them, while steep rent rises have forced out many small businesses, leaving increasing numbers of vacant shop spaces. There are even claims that the new owners of certain former Link shopping malls have deliberately kept…

Source : South China Morning Post
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