Two of Hong Kong’s biggest commercial landlords, Hang Lung and Wharf Reic, posted huge losses in the first half of the year as Covid-19 “destroyed the global economy” and condemned retail sales to 17 straight months of decline.The disappointing results for the two mall owners came as organisations representing restaurants, shops and cinemas issued ultimatums to their landlords to help their plight by cutting rents.Seasoned property mogul Ronnie Chan, chairman of Hang Lung Properties, said the…
Source : South China Morning Post
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