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
exclusive | 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
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