Commercial landlords in Hong Kong, who own some of the world’s most expensive offices, are doubling or tripling the money that tenants must put down as deposit, as a downturn in business sentiment and tightening liquidity in China have led to several cases of renters reneging on leases.
Tenants of businesses related to cryptocurrencies, and those who hail from mainland China -especially those who are less-known to Hong Kong’s landlords – have been placed under scrutiny,…
Source : South China Morning Post
Read more…Hong Kong’s office landlords are lifting the bar on creditworthiness as more commercial tenants walk away from leases
