Among the projects due next year is Sogo’s twin commercial blocks in Kai Tak, which includes a Sogo department store. Photo: May Tse
Hong Kong retail space may surge by record amount in 2023 as mall owners aim to catch returning tourists
- The amount of new space for shops could quadruple from just over a million square feet this year to about 4 million sq ft in 2023, according to Savills
- Retail landlords are trying to time the opening of their shopping malls to coincide with the return of tourists after the city’s borders reopen
Among the projects due next year is Sogo’s twin commercial blocks in Kai Tak, which includes a Sogo department store. Photo: May Tse
