Protesters vandalise Sun Hung Kai Properties’ New Town Plaza in Sha Tin, on September 22, 2019. Photo: Sam Tsang
Sun Hung Kai offers relief for struggling retailers, plans to waive rents on days shopping centres are closed due to protests
- At least eight of SHKP’s malls have had to remain shut for days, including World Trade Centre in Causeway Bay and New Town Plaza in Sha Tin
- Hang Lung Properties also says that it has cut rents for tenants
Topic |
Hong Kong property
Protesters vandalise Sun Hung Kai Properties’ New Town Plaza in Sha Tin, on September 22, 2019. Photo: Sam Tsang
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP
Hotel revenues could halve, warns S&P, as conference participants, tourists give protest-hit Hong Kong a miss
- The rates hotels offer to host meetings, conferences and exhibitions are down by more than a quarter as events are cancelled or postponed
- In some cases, occupancy of hotels in protest-hit areas has fallen to 20 per cent, according to hoteliers and industry observers
Topic |
Hong Kong protests
Protests have ravaged Hong Kong for more than four months, deterring tourists and inflicting huge pain on the hotel sector. Photo: AFP