Property News · April 15, 2020

Hong Kong retail property sector braces for collapse of once lucrative tutoring centres


More than 400 spaces occupied by tutoring centres in shopping malls and commercial buildings across Hong Kong could soon become vacant in a further blow to the city’s depressed retail property market.The loss of the centres, which pay relatively higher rents, will be a big blow to their landlords, industry observers said. “Most landlords have offered some rent cuts to retain [tutoring centres], which are major contributors at local community shopping centres. However, without any business, they…

Source : South China Morning Post
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