Property News · July 11, 2017

Retailers shrug, redraw Hong Kong expansion plans as rents drop


Six out of 10 international and local retailers plan to open new stores in Hong Kong next year, after rents in core shopping districts have plunged 41.2 per cent from the market peak in 2014, according to a survey conducted by JLL.
JLL said it had surveyed 50 international and local retailers and found that half of the respondents believe Hong Kong’s retail market has bottomed and will recover next year.
Although all retailers believe high-street rentals are still over valued, 62 per cent…

Source : South China Morning Post
Read more…Retailers shrug, redraw Hong Kong expansion plans as rents drop

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