The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong
The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong

Sales of retail shops suffer after duty rises

More defaults forecast for second half in the wake of extra tax burden and lending squeeze

The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong
The number of retail property transactions plunged 85.6 per cent to 158 last month from a peak of 1,098 in February. Photo: Felix Wong
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