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Retailers Seeking Rental Cuts amid Socioeconomic Instability

Office
Under the combined effects of the trade war and social unrest, some companies have adopted a “wait and see” attitude.
 
Residential
Overall Hong Kong residential prices dropped for the first time in 2019, and monthly residential sales volume remained below 5,000 units for the second consecutive month.

Retail
Deteriorating business prospects have driven retailers to negotiate rental reductions with landlords.

 

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Content provided by Knight Frank
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