{"id":119917,"date":"2021-02-02T11:05:12","date_gmt":"2021-02-02T04:05:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-adjust-rent-expectations-as-pandemic-reshapes-retail-landscape-amid-changing-consumer-preferences\/"},"modified":"2021-02-02T11:07:59","modified_gmt":"2021-02-02T04:07:59","slug":"hong-kong-landlords-adjust-rent-expectations-as-pandemic-reshapes-retail-landscape-amid-changing-consumer-preferences","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-adjust-rent-expectations-as-pandemic-reshapes-retail-landscape-amid-changing-consumer-preferences\/","title":{"rendered":"Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences"},"content":{"rendered":"


\nIn the past year, Hong Kong\u2019s retail sector recorded the worst performance in a decade, as months of social unrest, followed by the Covid-19 pandemic drove tourists away, hit consumer spending and threatened the survival of many retail businesses. These crises have not only greatly disrupted Hong Kong\u2019s retail sector, but they have also driven significant changes to the local consumer and retail market landscape.The most visible yet dismal retail scene in the past year was probably the\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the past year, Hong Kong\u2019s retail sector recorded the worst performance in a decade,...<\/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-119917","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-vc9","jetpack-related-posts":[{"id":128371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landscape-is-changing-as-landlords-lure-restaurants-to-fill-spaces-abandoned-by-shops-during-pandemic\/","url_meta":{"origin":119917,"position":0},"title":"Hong Kong\u2019s retail landscape is changing as landlords lure restaurants to fill spaces abandoned by shops during pandemic","date":"July 30, 2022","format":false,"excerpt":"\r The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s retail landscape is changing as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/robots-and-new-technologies-become-mainstays-in-hong-kong-malls-offices-as-landlords-adapt-to-pandemic\/","url_meta":{"origin":119917,"position":1},"title":"Robots and new technologies become mainstays in Hong Kong malls, offices as landlords adapt to pandemic","date":"April 12, 2020","format":false,"excerpt":"\r Landlords in Hong Kong and mainland China are embracing new technologies with greater urgency as many are struggling with dwindling retail footfall and rents amid the coronavirus pandemic.Social distancing rules and work-from-home regime have renewed pressure on businesses, after social unrest and the viral outbreak sent the retail sector\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-brands-use-pop-up-stores-to-skirt-hong-kongs-sky-high-retail-rents-amid-consumer-spending-smashed-by-protests\/","url_meta":{"origin":119917,"position":2},"title":"Luxury brands use pop-up stores to skirt Hong Kong\u2019s sky-high retail rents amid consumer spending smashed by protests","date":"January 15, 2020","format":false,"excerpt":"\r The protest movement that has gripped Hong Kong since last summer has devastated the retail sector, forcing many shops to close as consumer sentiment and visitor numbers have dropped through the floor.But some luxury brands \u2013 and the shopping malls that house them \u2013 have been fighting back using\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":119917,"position":3},"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":120794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landlords-consider-increasing-rent-for-the-first-time-in-two-years-amid-ongoing-economic-recovery\/","url_meta":{"origin":119917,"position":4},"title":"Hong Kong\u2019s retail landlords consider increasing rent for the first time in two years amid ongoing economic recovery","date":"June 23, 2021","format":false,"excerpt":"\r With Hong Kong\u2019s economic recovery gathering pace and domestic consumption improving, retail landlords have started mulling rent increases for the first time since the correction started two years ago in the wake of the social unrest.While landlords of shopping centres and street shops seem optimistic and expect retailers to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/many-of-hong-kongs-retailers-may-fold-even-before-they-get-a-chance-to-discuss-rent-relief-with-landlords\/","url_meta":{"origin":119917,"position":5},"title":"Many of Hong Kong\u2019s retailers may fold even before they get a chance to discuss rent relief with landlords","date":"February 26, 2020","format":false,"excerpt":"\r Most landlords\u2019 refusal to agree to a one-off rent cut will force hundreds of retailers out of business, with one Hong Kong legislator saying that it may be too little and too late for some tenants to survive drawn-out rent discussions, as sales have plummeted amid the coronavirus outbreak.Shiu\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\/119917"}],"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=119917"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119917\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}