Hong Kong may see a record amount of new retail space come to the market in 2023 as landlords try to time the opening of their shopping malls to coincide with the return of tourists after the city’s borders reopen.With several large projects in the pipeline, the amount of new space for shops could quadruple from just over a million square feet this year to about 4 million square feet in 2023, according to Savills.“There is hope that land checkpoints may reopen in the second half of 2022 which…
Source : South China Morning Post
Read more…Hong Kong retail space may surge by record amount in 2023 as mall owners aim to catch returning tourists
