Local consumption holds the key to Hong Kong’s retail sector, say market observers. Photo: Nora Tam
Local consumption holds the key to Hong Kong’s retail sector, say market observers. Photo: Nora Tam
Retailing
Business

Banks, restaurants and cafes swoop in as Hong Kong’s retail rental index sinks to a 34-year low

  • High street rental index in the second quarter fell to the lowest level since the second quarter of 1988, according to JLL
  • Current rent levels are down 75.3 per cent from the peak reached in the third quarter of 2014

David Ren
David Ren

Updated: 11:39am, 19 Jul, 2022

Why you can trust SCMP
Local consumption holds the key to Hong Kong’s retail sector, say market observers. Photo: Nora Tam
Local consumption holds the key to Hong Kong’s retail sector, say market observers. Photo: Nora Tam

Corrected [11:39am, 19 Jul, 2022]

  • [11:39am, 19 Jul, 2022]

    Corrects headline to 34 years

    • We are part of the Trust Project What is it?
READ FULL ARTICLE