Riot police enter Citywalk Mall in Tsuen Wan after anti-government protesters vandalised facilities and shops on November 10. Photo: Sam Tsang
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Hong Kong’s protest-hit retail property market hasn’t seen the worst yet. Will shopping mall landlords finally slash rents?

  • In addition to the global trend of stiff competition from online retailers, Hong Kong shops have faced a sharp drop in mainland visitors and protest vandalism
  • Stocks of retail property owners are not yet at historic lows, showing the sector has not hit rock bottom

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Riot police enter Citywalk Mall in Tsuen Wan after anti-government protesters vandalised facilities and shops on November 10. Photo: Sam Tsang
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A shop in Wan Chai is set on fire by anti-government protesters. Market observers say buying sentiment for retail shops has further weakened because of vandalism and arson. Photo: Felix Wong

Hong Kong shop owners willing to sell even if it means incurring a loss of HK$6 million

  • A 435 square feet shop in Shau Kei Wan sells for HK$7.3 million (US$932,600) compared to HK$13.3 million paid in 2012
  • Ricacorp Properties expects shop transactions to fall to the lowest level since the agency starting collecting data in 1995
Topic |   Hong Kong protests

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A shop in Wan Chai is set on fire by anti-government protesters. Market observers say buying sentiment for retail shops has further weakened because of vandalism and arson. Photo: Felix Wong
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