27 Aug 2019
Retailers Seeking Rental Cuts amid Socioeconomic Instability
Under the combined effects of the trade war and social unrest, some companies have adopted a “wait and see” attitude.
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.
Deteriorating business prospects have driven retailers to negotiate rental reductions with landlords.
Please click to read the full report.