{"id":109490,"date":"2019-07-30T19:43:20","date_gmt":"2019-07-30T12:43:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shops-in-causeway-bay-see-sales-hit-by-hong-kong-protests-says-landlord-hang-lung-as-retail-rents-seen-tanking\/"},"modified":"2019-07-30T20:04:33","modified_gmt":"2019-07-30T13:04:33","slug":"shops-in-causeway-bay-see-sales-hit-by-hong-kong-protests-says-landlord-hang-lung-as-retail-rents-seen-tanking","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shops-in-causeway-bay-see-sales-hit-by-hong-kong-protests-says-landlord-hang-lung-as-retail-rents-seen-tanking\/","title":{"rendered":"Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking"},"content":{"rendered":"


\nHong Kong\u2019s 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\u2019s best known shopping areas.The company\u2019s 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.\u201c[In light of] the recent confrontations, as Hongkongers we of course\u2026
\n
\nSource : South China Morning Post
\nRead more…Shops in Causeway Bay see sales hit by Hong Kong protests, says landlord Hang Lung, as retail rents seen tanking<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s retail sector has been hit by weeks of protests that have frequently descended...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109490","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-stY","jetpack-related-posts":[{"id":121382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-will-rise-thanks-to-economic-recovery-from-covid-19-government-consumption-vouchers-scheme-says-hysan-development\/","url_meta":{"origin":109490,"position":0},"title":"Hong Kong retail rents will rise thanks to economic recovery from Covid-19, government consumption vouchers scheme, says Hysan Development","date":"August 11, 2021","format":false,"excerpt":"\r Hysan Development, the largest commercial landlord in Causeway Bay, expects retail rents to rise thanks to Hong Kong\u2019s economic recovery and the consumption vouchers handed out by the government.Sales and footfall in shopping centres have increased with the government\u2019s distribution of HK$5,000 (US$642.56) consumption vouchers to each Hongkonger this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/protests-cast-a-shadow-on-restaurant-rents-in-causeway-bay-and-central\/","url_meta":{"origin":109490,"position":1},"title":"Protests cast a shadow on restaurant rents in Causeway Bay and Central","date":"July 17, 2019","format":false,"excerpt":"\r The ongoing protests that have expanded to different districts of the city will hurt restaurants, putting further pressure on landlords to cut rents if the demonstrations persist, say industry observers.In the past six weeks, Hong Kong has been rocked by a series of mass rallies and clashes between protesters\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hysan-development-the-biggest-landlord-in-causeway-bay-feels-the-brunt-of-protests-expects-july-sales-drop-in-early-teens\/","url_meta":{"origin":109490,"position":2},"title":"Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in \u2018early teens\u2019","date":"August 13, 2019","format":false,"excerpt":"\r Hysan Development, the biggest landlord in Hong Kong\u2019s shopping district Causeway Bay, said that overall sales at its shopping centres is likely to have fallen by at least 10 per cent in July, as the regular extradition bill protests in the area kept shoppers away.\u201cFor July ... I believe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3441,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-rate-in-hong-kongs-causeway-bay-ground-level-shops-seen-hitting-10-per-cent-after-chinese-new-year\/","url_meta":{"origin":109490,"position":3},"title":"Vacancy rate in Hong Kong\u2019\ns Causeway Bay ground level shops seen hitting 10 per cent after Chinese New Year","date":"February 2, 2016","format":false,"excerpt":"\r One in 10 ground level shops in Causeway Bay - Hong Kong\u2019s glitziest shopping district - will become empty, the highest level since the Sars outbreak in 2003 as a slump in retail sales and tourist arrivals will force several to close down after the Lunar New Year this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":109490,"position":4},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","url_meta":{"origin":109490,"position":5},"title":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests","date":"September 7, 2020","format":false,"excerpt":"\r Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109490"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109490"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109490\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}