Hong Kong conglomerate Wharf has revealed that retail sales at two of its major malls, Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay, fell 12 per cent last year over the year before, but said it did not feel any pressure to cut rents.
Source : South China Morning Post
Read more…Sales at Hong Kong’s Harbour City, Times Square malls fell 12 per cent in January, worse than city’s overall sales decline of 6.5 per cent
