{"id":115628,"date":"2020-04-15T07:00:14","date_gmt":"2020-04-15T00:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-sector-braces-for-collapse-of-once-lucrative-tutoring-centres\/"},"modified":"2020-04-15T07:05:09","modified_gmt":"2020-04-15T00:05:09","slug":"hong-kong-retail-property-sector-braces-for-collapse-of-once-lucrative-tutoring-centres","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-sector-braces-for-collapse-of-once-lucrative-tutoring-centres\/","title":{"rendered":"Hong Kong retail property sector braces for collapse of once lucrative tutoring centres"},"content":{"rendered":"


\nMore than 400 spaces occupied by tutoring centres in shopping malls and commercial buildings across Hong Kong could soon become vacant in a further blow to the city\u2019s depressed retail property market.The loss of the centres, which pay relatively higher rents, will be a big blow to their landlords, industry observers said. \u201cMost landlords have offered some rent cuts to retain [tutoring centres], which are major contributors at local community shopping centres. However, without any business, they\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong retail property sector braces for collapse of once lucrative tutoring centres<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 400 spaces occupied by tutoring centres in shopping malls and commercial buildings across...<\/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-115628","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-u4Y","jetpack-related-posts":[{"id":118323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-stand-off-turns-nasty-with-landlords-suing-tenants-to-recover-arrears-as-recession-deepens\/","url_meta":{"origin":115628,"position":0},"title":"Hong Kong retail stand-off turns nasty with landlords suing tenants to recover arrears as recession deepens","date":"August 21, 2020","format":false,"excerpt":"\r The months-long stand-off between Hong Kong\u2019s commercial landlords and retailers is taking a turn for the worse, as a third wave of coronavirus outbreak amid the city\u2019s worst recession crimped retail sales, pushing many businesses to the brink of bankruptcy.Harbour City, one of Hong Kong\u2019s best-known luxury shopping centres\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-embattled-retail-landlords-bet-on-their-mainland-malls-for-christmas-cheer-wooing-shoppers-with-lavish-festive-displays\/","url_meta":{"origin":115628,"position":1},"title":"Hong Kong\u2019s embattled retail landlords bet on their mainland malls for Christmas cheer, wooing shoppers with lavish festive displays","date":"December 24, 2020","format":false,"excerpt":"\r Hong Kong developers, facing a dismal Christmas shopping period at home, have pulled out all the stops to woo big spenders to their upmarket malls in mainland China with huge, vibrant festive displays and decorations.While their shopping centres in cities like Shanghai are decked out with enormous, colourful Christmas\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-rising-demand-for-data-centres-will-not-rescue-hong-kong-office-buildings-with-high-vacancy-rates\/","url_meta":{"origin":115628,"position":2},"title":"Why rising demand for data centres will not rescue Hong Kong office buildings with high vacancy rates","date":"April 28, 2024","format":false,"excerpt":"\r Rising demand for data centres is unlikely to provide relief for Hong Kong landlords and asset owners looking to convert their empty office spaces into industrial property, US asset manager PGIM says.\r \r Source : South China Morning Post\r Read more...Why rising demand for data centres will not rescue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shopping-centre-landlord-wharf-reic-reports-10-per-cent-increase-in-first-half-revenue-rues-absence-of-tourists\/","url_meta":{"origin":115628,"position":3},"title":"Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists","date":"August 6, 2021","format":false,"excerpt":"\r Although retail sales might have bottomed out in Hong Kong, rental incomes will remain under tremendous pressure until border controls are relaxed, according to Wharf Real Estate Investment Company (Reic), the owner of shopping centres Harbour City and Times Square.Vacancies and weaker market rents continued to depress rental incomes,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sector-revive-top-landlords-see-positive-signs-from-shop-tenants-while-office-market-lags\/","url_meta":{"origin":115628,"position":4},"title":"Hong Kong\u2019s retail sector revive: top landlords see positive signs from shop tenants, while office market lags","date":"August 10, 2023","format":false,"excerpt":"\r Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue. However, the office market lags as high vacancy rates persist.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s retail sector revive: top landlords see positive signs\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead\/","url_meta":{"origin":115628,"position":5},"title":"Hong Kong developers Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead","date":"February 24, 2022","format":false,"excerpt":"\r Two of Hong Kong\u2019s biggest property developers and retail landlords have posted declining results and foresee more challenges ahead, as the city\u2019s social distancing rules keep consumers away from shopping centres.Sun Hung Kai Properties (SHKP), which owns neighbourhood shopping centres New Town Plaza and Yoho Mall in Sha Tin\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\/115628"}],"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=115628"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}