Property News · June 23, 2021

Hong Kong’s retail landlords consider increasing rent for the first time in two years amid ongoing economic recovery


With Hong Kong’s economic recovery gathering pace and domestic consumption improving, retail landlords have started mulling rent increases for the first time since the correction started two years ago in the wake of the social unrest.While landlords of shopping centres and street shops seem optimistic and expect retailers to receive a boost from mainland tourists following the eventual opening of cross-border travel, tenants, however, remain cautious, with many saying that business is yet to…

Source : South China Morning Post
Read more…Hong Kong’s retail landlords consider increasing rent for the first time in two years amid ongoing economic recovery

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