Property News · February 2, 2021

Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences


In the past year, Hong Kong’s retail sector recorded the worst performance in a decade, as months of social unrest, followed by the Covid-19 pandemic drove tourists away, hit consumer spending and threatened the survival of many retail businesses. These crises have not only greatly disrupted Hong Kong’s retail sector, but they have also driven significant changes to the local consumer and retail market landscape.The most visible yet dismal retail scene in the past year was probably the…

Source : South China Morning Post
Read more…Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences

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