{"id":139006,"date":"2023-09-01T17:30:11","date_gmt":"2023-09-01T10:30:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-empty-retail-space-falls-to-3-year-low-though-sector-recovery-is-hobbled-as-more-tourists-leave-than-enter\/"},"modified":"2023-09-01T17:38:29","modified_gmt":"2023-09-01T10:38:29","slug":"hong-kongs-empty-retail-space-falls-to-3-year-low-though-sector-recovery-is-hobbled-as-more-tourists-leave-than-enter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-empty-retail-space-falls-to-3-year-low-though-sector-recovery-is-hobbled-as-more-tourists-leave-than-enter\/","title":{"rendered":"Hong Kong\u2019s empty retail space falls to 3-year low, though sector recovery is hobbled as more tourists leave than enter"},"content":{"rendered":"


\nHowever, the sector faces a challenge: while the number of visitors has been increasing, more Hongkongers have been travelling outside the city, shifting their purchasing power elsewhere, says Cushman & Wakefield report.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s empty retail space falls to 3-year low, though sector recovery is hobbled as more tourists leave than enter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

However, the sector faces a challenge: while the number of visitors has been increasing, more...<\/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-139006","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-Aa2","jetpack-related-posts":[{"id":117808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/third-coronavirus-wave-pushes-back-recovery-of-hong-kongs-struggling-retail-property-sector-to-mid-2021\/","url_meta":{"origin":139006,"position":0},"title":"Third coronavirus wave pushes back recovery of Hong Kong\u2019s struggling retail property sector to mid-2021","date":"July 15, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail property market will only start to recover in the second half of next year as a third wave of Covid-19 infections forces businesses to rethink their expansion plans.The government reintroduced social distancing rules on Monday following a sudden surge in coronavirus infections. Cinemas and other venues\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-retail-sales-recover-can-landlords-follow-with-higher-shop-rents\/","url_meta":{"origin":139006,"position":1},"title":"As Hong Kong retail sales recover, can landlords follow with higher shop rents?","date":"October 12, 2025","format":false,"excerpt":"\r Ever since Hong Kong\u2019s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether the city\u2019s landlords and developers can look forward to rental increases sooner rather than later. Hong Kong retailers such as Bakehouse and Korean food and beverage operator Seoul Recipe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-adjust-rent-expectations-as-pandemic-reshapes-retail-landscape-amid-changing-consumer-preferences\/","url_meta":{"origin":139006,"position":2},"title":"Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences","date":"February 2, 2021","format":false,"excerpt":"\r In 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-and-brokerages-growing-demand-for-space-buoys-hong-kongs-retail-property-sector\/","url_meta":{"origin":139006,"position":3},"title":"Banks and brokerages\u2019 growing demand for space buoys Hong Kong\u2019s retail property sector","date":"January 16, 2026","format":false,"excerpt":"\r Hong Kong\u2019s banking and finance sector is tipped to lead retail property leasing activity, with massive uptake by firms like Forthright Securities, Futu Holdings and HSBC providing support to landlords struggling through a multi-year real estate slump. Forthright Securities leased three storeys totalling 14,000 sq ft at Golden Centre\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104253,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hysan-development-set-to-profit-as-mega-bridge-high-speed-rail-link-breathe-life-back-into-hong-kongs-embattled-retail-sector\/","url_meta":{"origin":139006,"position":4},"title":"Hysan Development set to profit as mega bridge, high-speed rail link breathe life back into Hong Kong\u2019s embattled retail sector","date":"February 22, 2019","format":false,"excerpt":"\r Hysan Development, one of the biggest landlords in Hong\u2019s Kong\u2019s famous shopping district of Causeway Bay, is poised to benefit as an influx of shoppers using the new Hong Kong-Zhuhai-Macau Bridge and high-speed rail link is set to rejuvenate the city\u2019s beleaguered retail market.\r\rMarket observers have seen a 20\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":139006,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139006"}],"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=139006"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}