Property News · September 15, 2020

Harbour City offers more concession to beleaguered tenants but dozens refuse to sign up as they find terms stifling


Hong Kong’s biggest shopping centre Harbour City, owned by Wharf Real Estate Investment Company, has yielded to pressure from tenants, backing down from its earlier demand that they renew their lease for 18 months to avail of the rent concessions.However, dozens of tenants have decided against signing the letter as they would have to return the rent concession in full if they fail to abide by the terms of the offer that includes clearing all “outstanding rent, charges and any arrears accrued up…

Source : South China Morning Post
Read more…Harbour City offers more concession to beleaguered tenants but dozens refuse to sign up as they find terms stifling