Property News · December 17, 2019

Hong Kong protests create space for new businesses to expand, as traditional retailers, restaurants retreat after seven months of falling sales


New retail entrants are taking advantage of the downturn in Hong Kong’s economy to expand rapidly, as a rising number of big chains give up leases, forcing landlords to lower rents.Defying a depressed retail market battered by seven months of anti-government protests and an economy in recession, 24-hour gyms, fast-food chains with made-to-order burgers and even retailers selling red packets have grabbed empty shops on the cheap recently.A decline in traditional retailers and restaurants amid…

Source : South China Morning Post
Read more…Hong Kong protests create space for new businesses to expand, as traditional retailers, restaurants retreat after seven months of falling sales

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