{"id":115316,"date":"2020-04-01T08:30:08","date_gmt":"2020-04-01T01:30:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hong-kong-restaurant-shop-tenants-are-looking-to-surrender-spaces-for-free-as-coronavirus-government-response-bite\/"},"modified":"2020-04-01T09:05:54","modified_gmt":"2020-04-01T02:05:54","slug":"more-hong-kong-restaurant-shop-tenants-are-looking-to-surrender-spaces-for-free-as-coronavirus-government-response-bite","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hong-kong-restaurant-shop-tenants-are-looking-to-surrender-spaces-for-free-as-coronavirus-government-response-bite\/","title":{"rendered":"More Hong Kong restaurant, shop tenants are looking to surrender spaces for \u2018free\u2019, as coronavirus, government response bite"},"content":{"rendered":"


\nRestaurant operators and shop tenants across Hong Kong are looking to give up their spaces in greater numbers amid an economic downturn that started with the city\u2019s anti-government protests last year and has worsened during the Covid-19 outbreak.The number of shops and restaurants seeking replacement tenants to take over their current leases totalled 140 as of Tuesday at one agency \u2013 Midland IC&I \u2013 alone, representing an increase of 7.7 per cent over August last year, just after the protests\u2026
\n
\nSource : South China Morning Post
\nRead more…More Hong Kong restaurant, shop tenants are looking to surrender spaces for \u2018free\u2019, as coronavirus, government response bite<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Restaurant operators and shop tenants across Hong Kong are looking to give up their spaces...<\/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-115316","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-tZW","jetpack-related-posts":[{"id":113043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gaw-capital-says-hong-kong-protests-have-hit-tenants-of-its-neighbourhood-mall-portfolio-delayed-renovations\/","url_meta":{"origin":115316,"position":0},"title":"Gaw Capital says Hong Kong protests have hit tenants of its neighbourhood mall portfolio, delayed renovations","date":"December 13, 2019","format":false,"excerpt":"\r Hong Kong private equity fund Gaw Capital Partners, which owns and operates 29 shopping centres and car parks in the city, said that the ongoing protests have hurt its tenants and renovation efforts.Gary Wong Chi-him, public affairs and marketing director at Gaw Capital, said that businesses at its malls\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":115316,"position":1},"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":115188,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement\/","url_meta":{"origin":115316,"position":2},"title":"World\u2019s costliest offices are poised to enter tenants\u2019 market as Hong Kong businesses reel from coronavirus, protest movement","date":"March 27, 2020","format":false,"excerpt":"\r Hong Kong\u2019s notoriously pricey office rental sector is fast becoming a tenants\u2019 market as last year\u2019s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124737,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-hong-kong-finance-chief-calls-for-solidarity-as-he-asks-big-landlords-to-offer-rental-aid-to-struggling-tenants\/","url_meta":{"origin":115316,"position":3},"title":"Coronavirus Hong Kong: finance chief calls for \u2018solidarity\u2019 as he asks big landlords to offer rental aid to struggling tenants","date":"February 27, 2022","format":false,"excerpt":"\r Hong Kong\u2019s financial chief weighed in on discussions on whether developers and big landlords should offer rental aid to struggling tenants, saying on Sunday they should provide \u201cbreathing space\u201d to help businesses ride out the fifth wave of Covid-19 infections.Financial Secretary Paul Chan Mo-po\u2019s appeal came a day after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-coronavirus-see-prada-tissot-make-way-for-cheap-phone-store-on-worlds-most-expensive-shopping-street\/","url_meta":{"origin":115316,"position":4},"title":"Hong Kong protests, coronavirus see Prada, Tissot make way for cheap phone store on world\u2019s most expensive shopping street","date":"June 17, 2020","format":false,"excerpt":"\r For years it was the world\u2019s most expensive shopping street, overshadowing anything Paris or London had to offer, its pavements brimming with shoppers hunting for Prada bags, Chanel perfumes and Blancpain watches.But Russell Street, in Hong Kong\u2019s bustling Causeway Bay, has lost its lustre \u2013 and a lot of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-protests-hit-business-landlords-offer-hk1-rents-in-citys-most-expensive-office-towers\/","url_meta":{"origin":115316,"position":5},"title":"As Hong Kong protests hit business, landlords offer HK$1 rents in city\u2019s most expensive office towers","date":"October 22, 2019","format":false,"excerpt":"\r Some landlords are getting desperate in attracting tenants to their offices in Hong Kong, as more than four months of civic unrest have deterred many companies \u2013 especially mainland Chinese tenants more willing to pay top dollar for marquee addresses \u2013 from expanding their businesses in the world\u2019s costliest\u2026","rel":"","context":"In "Property 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