Closed shops in Hong Kong’s Tsim Sha Tsui shopping district on December 13. Photo: K Y Cheng
Closed shops in Hong Kong’s Tsim Sha Tsui shopping district on December 13. Photo: K Y Cheng

Hong Kong retail property: the worst may finally be over for sector, JLL says, but others suggest more pain ahead

  • Rents of high-street shops and prime shopping centres to rebound in 2021, on the back of a modest economic recovery and travel bubbles: JLL’s head of retail
  • Until borders are opened and tourists are allowed back in, recovery in retail unlikely, says Chinese University professor

Closed shops in Hong Kong’s Tsim Sha Tsui shopping district on December 13. Photo: K Y Cheng
Closed shops in Hong Kong’s Tsim Sha Tsui shopping district on December 13. Photo: K Y Cheng
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