Tenants at Wharf REIC’s Times Square shopping centre reported a 19 per cent drop in retail sales for 2019. Photo: Robert Ng

Hong Kong outlook ‘pathetic’, ‘dire’ in near term, mall and hotel operator Wharf REIC says as it reports drop in revenue, profit

  • Company reports 3 per cent decline in underlying profit for 2019
  • New leases and those up for renewal expected to face a downward pressure throughout this year
Topic |   Retail properties
Tenants at Wharf REIC’s Times Square shopping centre reported a 19 per cent drop in retail sales for 2019. Photo: Robert Ng
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