Hong Kong’s prime shopping centres recorded growth in rental rates for the first time in three quarters, lifted by improving retail sales as local consumers enjoyed the wealth effects brought by rising property and stock prices.
Rental rates rose 0.2 per cent to 145.6 in the December-ended quarter, reflecting the first increase since the fourth quarter of 2016, according to the SCMP-JLL prime shopping centre rental index.
The index tracks leasing at 30 prime shopping centres including…
Source : South China Morning Post
Read more…Hong Kong’s shopping mall rents rise for the first time in a year as foot traffic improves
