Property News · May 6, 2020

Prime Hong Kong retail property goes up for sale, as long-term investors look to cut their losses


For the first time in more than a decade, prime commercial real estate is coming on Hong Kong’s market, with an entire building block offered for sale in the world’s most expensive retail district as long-term property investors anticipate a further decline in the city’s commercial property sector.Hong Kong’s retail sector has been hit hard, first by months of anti-government protests, and then the novel coronavirus pandemic. The city’s economy suffered its worst contraction on record in the…

Source : South China Morning Post
Read more…Prime Hong Kong retail property goes up for sale, as long-term investors look to cut their losses

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