{"id":114375,"date":"2020-02-19T08:30:13","date_gmt":"2020-02-19T01:30:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sales-could-sink-up-to-50-per-cent-as-city-shuts-out-chinese-visitors-amid-coronavirus-outbreak\/"},"modified":"2020-02-19T09:43:18","modified_gmt":"2020-02-19T02:43:18","slug":"hong-kongs-retail-sales-could-sink-up-to-50-per-cent-as-city-shuts-out-chinese-visitors-amid-coronavirus-outbreak","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sales-could-sink-up-to-50-per-cent-as-city-shuts-out-chinese-visitors-amid-coronavirus-outbreak\/","title":{"rendered":"Hong Kong\u2019s retail sales could sink up to 50 per cent as city shuts out Chinese visitors amid coronavirus outbreak"},"content":{"rendered":"


\nRetail sales in Hong Kong could plunge by as much as half, as most of the city\u2019s borders with China remain shut amid the Covid-19 outbreak and its impact could be more severe on the sector than the months-long social unrest, according to the CEO of Sunlight Real Estate Investment Trust.\u201cOur estimate is clearly double-digits,\u201d said Keith Wu Shiu-kee. \u201cWhether it is 30 per cent, or 40 per cent, or 50 per cent, remains to be seen.\u201dSunlight, which is managed by a unit of Hong Kong\u2019s third largest\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s retail sales could sink up to 50 per cent as city shuts out Chinese visitors amid coronavirus outbreak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retail sales in Hong Kong could plunge by as much as half, as most of...<\/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-114375","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-tKL","jetpack-related-posts":[{"id":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":114375,"position":0},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-agencies-seek-rent-relief-as-no-one-dares-to-come-out-to-sales-offices-amid-coronavirus-outbreak\/","url_meta":{"origin":114375,"position":1},"title":"Hong Kong\u2019s property agencies seek rent relief as \u2018no one dares to come out\u2019 to sales offices amid coronavirus outbreak","date":"February 9, 2020","format":false,"excerpt":"\r Hong Kong\u2019s largest property agencies with almost 900 sales offices in the city are asking for discounts on new leases as they brace for further slide in sales after the industry\u2019s worst year since 2016.Centaline Property Agency is prepared to shut some of its 423 branches if it cannot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-office-market-outperforms-hong-kongs-as-the-rival-asian-hubs-battle-coronavirus-outbreak\/","url_meta":{"origin":114375,"position":2},"title":"Singapore\u2019s office market outperforms Hong Kong\u2019s as the rival Asian hubs battle coronavirus outbreak","date":"April 9, 2020","format":false,"excerpt":"\r Singapore\u2019s office market has weathered the coronavirus pandemic better than rival Hong Kong\u2019s, data shows, as the latter relies more heavily on mainland Chinese companies, many of which have bailed amid the crisis.\r\rPremium office rents in Singapore\u2019s central business district were unchanged from the fourth quarter of 2019, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118741,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-biggest-weekend-of-home-sales-in-14-months-gets-off-to-a-good-start-as-tapering-covid-19-outbreak-boosts-sentiments\/","url_meta":{"origin":114375,"position":3},"title":"Hong Kong\u2019s biggest weekend of home sales in 14 months gets off to a good start as tapering Covid \u2013 19 outbreak boosts sentiments","date":"September 26, 2020","format":false,"excerpt":"\r Hong Kong\u2019s largest property sale weekend in more than a year got off to a good start, with long queues of buyers trying to get their hands on 726 flats on offer in six locations, amid improving sentiments as the city\u2019s coronavirus outbreak came under control.Buyers snapped up about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-analysts-reverse-bullish-forecasts-in-u-turn-for-property-market-as-home-sales-plunge-to-near-zero-amid-worsening-covid-19-outbreak\/","url_meta":{"origin":114375,"position":4},"title":"Hong Kong analysts reverse bullish forecasts in U-turn for property market as home sales plunge to near zero amid worsening Covid-19 outbreak","date":"March 14, 2022","format":false,"excerpt":"\r Hong Kong\u2019s home prices could drop 10 per cent in the first half, as the city\u2019s worsening Covid-19 outbreak caused the first three months to be a washout for property sales, forcing analysts to reverse their forecasts.Home prices may fall by 5 per cent in 2022, according to the\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":114375,"position":5},"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 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