Property News · July 9, 2019

Outlook for Hong Kong retail rents bleak as trade war and protests dampen sales


Hong Kong’s retail leasing market is expected to slow further in the second half as sales continue to slump because of the US-China trade war and uncertainty over protests against the extradition bill, industry observers say.Overall rent for shops along prime shopping streets fell 1.2 per cent quarter on quarter from April to June, with Central recording the sharpest drop at 3.8 per cent, real estate research and consultancy firm Savills said.“In the first half of the year, business has been…

Source : South China Morning Post
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