A woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFPA woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFP
A woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFP

Covid-19 outbreak to have ‘devastating impact’ on Shanghai commercial property, as consumers stay away

  • Only a third of the city’s about 11,000 stores had reopened for business as of early March
  • Commercial property developers will be one of the biggest victims, Colliers International says

Topic |   China property
A woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFPA woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFP
A woman wears a face mask in Shanghai’s financial district. Major shopping districts in China’s commercial and financial capital remain deserted. Photo: AFP
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