Property News · April 1, 2020

More Hong Kong restaurant, shop tenants are looking to surrender spaces for ‘free’, as coronavirus, government response bite


Restaurant operators and shop tenants across Hong Kong are looking to give up their spaces in greater numbers amid an economic downturn that started with the city’s anti-government protests last year and has worsened during the Covid-19 outbreak.The number of shops and restaurants seeking replacement tenants to take over their current leases totalled 140 as of Tuesday at one agency – Midland IC&I – alone, representing an increase of 7.7 per cent over August last year, just after the protests…

Source : South China Morning Post
Read more…More Hong Kong restaurant, shop tenants are looking to surrender spaces for ‘free’, as coronavirus, government response bite