Property News · November 22, 2016

Hong Kong retail property market braces for more bad news… after prime rents have already collapsed up to 70pc


The outlook for the retail market remains gloomy due to the fall in tourist arrivals and weaker sales, according to property consultants.
Rental rates on average will fall 5-10 per cent after a sharp decline in 2016, while capital values will drop 10-15 per cent next year, says Colliers International.
“The focus should shift to local spending as we have seen signs of growth in this segment back to the 2012 level. To remain competitive, retailers should offer an authentic shopping…

Source : South China Morning Post
Read more…Hong Kong retail property market braces for more bad news… after prime rents have already collapsed up to 70pc