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Social Unrest Continued to Dampen Office Leasing Demand

Sentiment remained weak in August thanks to the social unrest which in turn, has impacted tenants’ market outlook and business plans.
Monthly residential sales volume reached the lowest point so far this year. In contrast, the luxury segment was relatively more resilient against market headwind.

There is a lack of positive factors supporting the retail market, especially the luxury goods segment. As a result, the fall in luxury retail sales is likely to continue in the coming months.


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Content provided by Knight Frank
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