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