Property News · November 17, 2019

Hong Kong shop owners willing to sell even if it means incurring a loss of HK$6 million


As the social unrest in Hong Kong shows no signs of abating, retail property owners are either selling high street shops at losses of nearly 50 per cent or offering massive discounts on rents, with market observers expecting the number of sales transactions to sink to an all-time low.“Shop prices and rents will definitely fall further. Potential buyers are asking for up to 40 per cent discount even after sellers have already cut their original asking prices significantly,” said Kenneth Yau,…

Source : South China Morning Post
Read more…Hong Kong shop owners willing to sell even if it means incurring a loss of HK million

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