{"id":118032,"date":"2020-07-31T07:00:22","date_gmt":"2020-07-31T00:00:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-times-square-fashion-walk-malls-report-big-losses-as-covid-19-crisis-prompts-desperate-plea-for-rent-relief-from-tenants\/"},"modified":"2020-07-31T07:04:55","modified_gmt":"2020-07-31T00:04:55","slug":"owners-of-times-square-fashion-walk-malls-report-big-losses-as-covid-19-crisis-prompts-desperate-plea-for-rent-relief-from-tenants","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-times-square-fashion-walk-malls-report-big-losses-as-covid-19-crisis-prompts-desperate-plea-for-rent-relief-from-tenants\/","title":{"rendered":"Owners of Times Square, Fashion Walk malls report big losses as Covid-19 crisis prompts desperate plea for rent relief from tenants"},"content":{"rendered":"


\nTwo of Hong Kong\u2019s biggest commercial landlords, Hang Lung and Wharf Reic, posted huge losses in the first half of the year as Covid-19 \u201cdestroyed the global economy\u201d and condemned retail sales to 17 straight months of decline.The disappointing results for the two mall owners came as organisations representing restaurants, shops and cinemas issued ultimatums to their landlords to help their plight by cutting rents.Seasoned property mogul Ronnie Chan, chairman of Hang Lung Properties, said the\u2026
\n
\nSource : South China Morning Post
\nRead more…Owners of Times Square, Fashion Walk malls report big losses as Covid-19 crisis prompts desperate plea for rent relief from tenants<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two of Hong Kong\u2019s biggest commercial landlords, Hang Lung and Wharf Reic, posted huge losses...<\/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-118032","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-uHK","jetpack-related-posts":[{"id":119337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/desperate-hong-kong-office-landlords-may-ditch-fixed-monthly-rent-for-membership-schemes-to-lure-tenants-as-covid-19-changes-work-habits-says-jll\/","url_meta":{"origin":118032,"position":0},"title":"Desperate Hong Kong office landlords may ditch fixed monthly rent for \u2018membership\u2019 schemes to lure tenants as Covid-19 changes work habits, says JLL","date":"November 25, 2020","format":false,"excerpt":"\r Hong Kong\u2019s office rental market is likely to undergo a radical change, with some landlords switching to a \u201ctiered membership\u201d model similar to that used by co-working space providers, according to property services giant JLL.As the Covid-19 pandemic continues to wreak havoc in the world\u2019s most expensive commercial property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/covid-19-coronavirus-landlords-get-rent-relief-requests-tenants-want-government-help\/","url_meta":{"origin":118032,"position":1},"title":"Covid-19 coronavirus: Landlords get rent relief requests, tenants want Government help","date":"March 25, 2020","format":false,"excerpt":"\r Landlords flooded with rent relief requests are reminding tenants they also have bills to pay, while renters groups are campaigning for further Government help packages.It comes as landlords complained many tenants misunderstood...\r \r Source : nzherald.co.nz\/Property\r Read more...Covid-19 coronavirus: Landlords get rent relief requests, tenants want Government help","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/covid-19-coronavirus-almost-10pc-of-tenants-stopped-paying-rent-or-left-tenancies-landlords\/","url_meta":{"origin":118032,"position":2},"title":"Covid 19 coronavirus: Almost 10pc of tenants stopped paying rent or left tenancies: landlords","date":"April 3, 2020","format":false,"excerpt":"\r Landlords say two in every 100 tenants have stopped paying rent and 6 per cent have simply left their properties. That's according to a survey of 621 rental property owners and managers by the NZ Property Investors' Federation....\r \r Source : nzherald.co.nz\/Property\r Read more...Covid 19 coronavirus: Almost 10pc of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-commercial-landlords-pinched-by-high-vacancies-rent-cut-demands-as-zero-covid-policies-take-toll-on-tenants\/","url_meta":{"origin":118032,"position":3},"title":"Shanghai commercial landlords pinched by high vacancies, rent-cut demands as zero-Covid policies take toll on tenants","date":"September 27, 2022","format":false,"excerpt":"\r Commercial property owners in Shanghai find themselves beset by high vacancy rates and demands for rent reductions as China\u2019s zero-Covid policies continue to suppress the retail and restaurant trades.\r \r Source : South China Morning Post\r Read more...Shanghai commercial landlords pinched by high vacancies, rent-cut demands as zero-Covid policies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125682,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-lockdown-hong-kong-developers-kerry-and-hang-lung-looking-at-ways-to-support-shopping-centre-tenants-in-chinas-financial-capital\/","url_meta":{"origin":118032,"position":4},"title":"Shanghai lockdown: Hong Kong developers Kerry and Hang Lung looking at ways to support shopping centre tenants in China\u2019s financial capital","date":"March 31, 2022","format":false,"excerpt":"\r Hong Kong developer Kerry Properties, which owns two shopping malls in Shanghai, said it is looking at ways to support its tenants and alleviate the impact of the city\u2019s lockdown. \u201cWe recognise this is a very challenging time in Shanghai for everyone,\u201d the home builder said in an email\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116003,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-are-worried-increasingly-fewer-tenants-will-pay-rent-as-coronavirus-job-losses-mount\/","url_meta":{"origin":118032,"position":5},"title":"Landlords are worried increasingly fewer tenants will pay rent as coronavirus job losses mount","date":"May 1, 2020","format":false,"excerpt":"\r Rent is traditionally due on the first of the month, and with each passing month more tenants are becoming late on their payments.\r \r Source : cnbc.com\r Read more...Landlords are worried increasingly fewer tenants will pay rent as coronavirus job losses mount","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\/118032"}],"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=118032"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}