Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong
Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong

Hong Kong retail property sector braces for collapse of once lucrative tutoring centres

  • About 93 per cent of 500 centres surveyed by industry body say they will shut down in three months despite government handout of HK$40,000
  • More spaces to become vacant as tutoring centres shut not just in prime shopping districts, but also in smaller community malls

Topic |   Hong Kong property
Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong
Hong Kong’s retail property vacancies will rise by a high single-digit rate, as more tutoring centres surrender their spaces, according to an analyst. Photo: Winson Wong
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