Property News · August 13, 2019

Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’


Hysan Development, the biggest landlord in Hong Kong’s shopping district Causeway Bay, said that overall sales at its shopping centres is likely to have fallen by at least 10 per cent in July, as the regular extradition bill protests in the area kept shoppers away.“For July … I believe a drop can be seen. The initial estimate will be in early teens, a drop of at least 10 per cent,” Roger Hao, Hysan’s chief financial officer, said after the firm reported an 8.9 per cent rise in an underlying…

Source : South China Morning Post
Read more…Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’

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