Property News · July 30, 2019

Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking


Hong Kong’s retail sector has been hit by weeks of protests that have frequently descended into violence, according to Hang Lung Properties, a major landlord in one of the city’s best known shopping areas.The company’s chief executive Weber Lo said the mass rallies had damaged sales of its tenants in Fashion Walk, Causeway Bay, while Knight Frank predicted rents for high-street shops will fall by up to 10 per cent in 2019.“[In light of] the recent confrontations, as Hongkongers we of course…

Source : South China Morning Post
Read more…Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking

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