{"id":125223,"date":"2022-03-15T07:30:20","date_gmt":"2022-03-15T00:30:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-private-commercial-landlords-join-big-guns-in-offering-rent-relief-to-tenants-hit-by-fifth-wave-closures\/"},"modified":"2022-03-15T08:04:58","modified_gmt":"2022-03-15T01:04:58","slug":"hong-kongs-private-commercial-landlords-join-big-guns-in-offering-rent-relief-to-tenants-hit-by-fifth-wave-closures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-private-commercial-landlords-join-big-guns-in-offering-rent-relief-to-tenants-hit-by-fifth-wave-closures\/","title":{"rendered":"Hong Kong\u2019s private commercial landlords join big guns in offering rent relief to tenants hit by fifth wave closures"},"content":{"rendered":"


\nHong Kong\u2019s private commercial landlords are joining the city\u2019s big guns in offering rent relief to their tenants.Tai Hung Fai Enterprise, a property developer that has more than 1,000 tenancy agreements all over Hong Kong, including offices, serviced flats, warehouses and about 200 shops, said it would help its tenants, who are its \u201cbread and butter\u201d.\u201cWe will work out a solution with tenants on a case-by-case basis,\u201d said Edwin Leong Siu-hung, the developer\u2019s founder. Instead of purely cutting\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s private commercial landlords join big guns in offering rent relief to tenants hit by fifth wave closures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s private commercial landlords are joining the city\u2019s big guns in offering rent relief...<\/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-125223","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-wzJ","jetpack-related-posts":[{"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":125223,"position":0},"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":[]},{"id":172200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-rift-hong-kong-shops-plead-for-rent-relief-landlords-see-improving-market\/","url_meta":{"origin":125223,"position":1},"title":"Retail rift: Hong Kong shops plead for rent relief, landlords see improving market","date":"July 17, 2026","format":false,"excerpt":"\r Although retail sales in Hong Kong rose more than 10 per cent year on year in the first five months of 2026, a wave of shop closures continues, leaving tenants and landlords with vastly different assessments of the retail leasing market. Many tenants say that despite racking their brains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118863,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/desperate-landlords-offer-renovation-subsidies-to-lure-tenants-as-hong-kongs-vacant-office-space-hits-21-year-high\/","url_meta":{"origin":125223,"position":2},"title":"Desperate landlords offer renovation subsidies to lure tenants as Hong Kong\u2019s vacant office space hits 21-year high","date":"October 8, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial landlords are offering incentives such as renovation subsidies to lure tenants, as the amount of office space lying empty reaches the highest level in 21 years, according to property services company CBRE.Some landlords have begun offering a one-off subsidy to help new tenants fit out their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":125223,"position":3},"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":118032,"url":"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\/","url_meta":{"origin":125223,"position":4},"title":"Owners of Times Square, Fashion Walk malls report big losses as Covid-19 crisis prompts desperate plea for rent relief from tenants","date":"July 31, 2020","format":false,"excerpt":"\r Two 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-landlords-are-lifting-the-bar-on-creditworthiness-as-more-commercial-tenants-walk-away-from-leases\/","url_meta":{"origin":125223,"position":5},"title":"Hong Kong\u2019s office landlords are lifting the bar on creditworthiness as more commercial tenants walk away from leases","date":"January 8, 2019","format":false,"excerpt":"\r Commercial landlords in Hong Kong, who own some of the world\u2019s most expensive offices, are doubling or tripling the money that tenants must put down as deposit, as a downturn in business sentiment and tightening liquidity in China have led to several cases of renters reneging on leases. Tenants\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\/125223"}],"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=125223"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125223\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}