An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam
An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam

No recovery in sight for Asia-Pacific’s commercial property sector as Covid-19 travel restrictions slam deals, retail sales

  • The total value of transactions plummeted by nearly 40 per cent in the year to September, as the number of deals fell by almost a third, according to Real Capital Analytics
  • CBRE said the decline was due to lockdown measures and the continued imposition of travel restrictions, both of which inhibited cross-border deals

Topic |   Property investment
An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam
An empty store in Causeway Bay, Hong Kong, that previously housed Victoria Secret. The city’s retail property sector has taken a massive hit. Photo: Nora Tam
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