Property News · December 15, 2020

Hong Kong retail property: the worst may finally be over for sector, JLL says, but others suggest more pain ahead


The worst may finally be over for Hong Kong retail property, with rents likely to pick up in 2021, according to JLL.The sector is forecast to report an increase in rental rates of between 0 per cent and 5 per cent, with a decline in retail sales narrowing over the past two months and uptake of vacant shops rising, the consultancy said.Relief for the sector follows about two years of battering from the city’s anti-government protests and the coronavirus pandemic. It is likely that it will buck…

Source : South China Morning Post
Read more…Hong Kong retail property: the worst may finally be over for sector, JLL says, but others suggest more pain ahead

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