Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng
Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng

Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists

  • We see downward pressure on rents in the second half for us, chairman Stephen Ng says
  • ‘What we – and the retailers – lack right now is tourist consumption’

Topic |   Hong Kong property
Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng
Times Square, one of the shopping centres owned by Wharf Reic. Borders reopening and the return of mainland Chinese spending are key to retail rents rising, according to Savills. Photo: Robert Ng
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