Protesters gather at New Town Plaza in Sha Tin on September 22. Sun Hung Kai Properties, the mall’s owner, has said it will help tenants affected by the protests. Photo: Nora Tam

Hong Kong’s mall owners push back at tenants’ pleas to cut rents even as retail sales shrink amid unrelenting protests

  • Hysan Development and Swire Properties are the only two retailers to offer rent cuts for their struggling tenants
  • Retailers and market observers say the proposals mall owners have come up with fall far short of what is needed to keep them in business
Topic |   Hong Kong protests

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Protesters gather at New Town Plaza in Sha Tin on September 22. Sun Hung Kai Properties, the mall’s owner, has said it will help tenants affected by the protests. Photo: Nora Tam
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CK Asset's Seaside Sonata development on Hai Tan Street in Cheung Sha Wan on 31 July 2019. Photo: SCMP/Tory Ho

CK Asset discounts its first property launch of 2019 by up to 10 per cent, bowing to a stalling market as Hong Kong’s rallies bite

  • CK Asset launches new project Seaside Sonata in Cheung Sha Wan at an average of HK$18,688 per square foot after discounts
  • The price is 10.4 per cent cheaper than Henderson Land Development’s The Addition, the most recent project in the same neighbourhood, which launched in March
Topic |   Hong Kong property

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CK Asset's Seaside Sonata development on Hai Tan Street in Cheung Sha Wan on 31 July 2019. Photo: SCMP/Tory Ho
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