The market for rented retail space in Macau will stall in the wake of the devastating Typhoon Hato which struck the city last week, further delaying any chance of a recovery in the sector, according to industry experts.
The typhoon, which caused serious damage in the casino hub last Wednesday and claimed 10 lives, will also add to pressure on retail rents as tourists stay away from Macau. Retail rents have already tumbled 46 per cent by the end of the first quarter of this year from their peak…
Source : South China Morning Post
Read more…Typhoon Hato blows icy gale through Macau retail property rentals market















