The ‘Ginza’ buildings sprouted across Hong Kong, especially in tourist districts like Causeway Bay (pictured) and Tsim Sha Tsui, during a boom in tourism to satisfy demand in a city famous for its shortage of space. Photo: Sam Tsang
The ‘Ginza’ buildings sprouted across Hong Kong, especially in tourist districts like Causeway Bay (pictured) and Tsim Sha Tsui, during a boom in tourism to satisfy demand in a city famous for its shortage of space. Photo: Sam Tsang
Business

Landlords of Hong Kong’s ‘Ginza-style’ commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn

  • Buildings housing restaurants, bars and shops on higher floors are struggling to retain tenants as previously unaffordable street-level rents tumble
  • Landlords are cutting rents to compete, and targeting a broader range of tenants, such as medical clinics and beauty salons

Topic |   Hong Kong economy
Lam Ka-sing
Lam Ka-sing

Updated: 8:28am, 2 Sep, 2020

Why you can trust SCMP
The ‘Ginza’ buildings sprouted across Hong Kong, especially in tourist districts like Causeway Bay (pictured) and Tsim Sha Tsui, during a boom in tourism to satisfy demand in a city famous for its shortage of space. Photo: Sam Tsang
The ‘Ginza’ buildings sprouted across Hong Kong, especially in tourist districts like Causeway Bay (pictured) and Tsim Sha Tsui, during a boom in tourism to satisfy demand in a city famous for its shortage of space. Photo: Sam Tsang
READ FULL ARTICLE