The International Commercial Centre (ICC) in West Kowloon ICC owner SHKP said it was taking a selective leasing approach to attract quality tenants. Photo: Winson Wong

Hong Kong’s office landlords raise creditworthiness requirements as more commercial tenants walk away from leases

  • Several office owners are doubling, in some cases tripling, the money they require as security deposit, particularly for tenants who are unknown to them
  • The industry norm in Hong Kong is for three months’ worth of rent as deposit
Topic |   HNA Group

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The International Commercial Centre (ICC) in West Kowloon ICC owner SHKP said it was taking a selective leasing approach to attract quality tenants. Photo: Winson Wong
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.

Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.