Property News · February 13, 2020

Henderson Land cuts rents by up to 60 per cent as Hong Kong issues SOS to support businesses, protect jobs


Henderson Land Development, run by Hong Kong’s richest tycoon, is reducing rents for its tenants by as much as 60 per cent, joining its peers easing the strain on local businesses hit by the coronavirus outbreak.The developer, which owns retail space in more than 20 shopping malls across the city including IFC Mall in Central, will lower base rents for retailers, caterers and education institutions in its locations by 20 per cent to 60 per cent this month, it said in a statement on Thursday…

Source : South China Morning Post
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