Property News · February 26, 2020

Many of Hong Kong’s retailers may fold even before they get a chance to discuss rent relief with landlords


Most landlords’ refusal to agree to a one-off rent cut will force hundreds of retailers out of business, with one Hong Kong legislator saying that it may be too little and too late for some tenants to survive drawn-out rent discussions, as sales have plummeted amid the coronavirus outbreak.Shiu Ka-fai, who represents the wholesale and retail sector, said that some landlords have thousands of leases to go through, and by the time they discuss it with tenants one by one, some will have already…

Source : South China Morning Post
Read more…Many of Hong Kong’s retailers may fold even before they get a chance to discuss rent relief with landlords

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