Palace IFC cinema in Central is downsizing and will close its cafe and bookstore so it can afford a higher rent. Photo: May Tse

Hong Kong's cinemas squeezed out by luxury retailers

Chains forced to move upstairs or to smaller premises by luxury-goods shops willing to pay soaring rents for prime, street-level premises

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Palace IFC cinema in Central is downsizing and will close its cafe and bookstore so it can afford a higher rent. Photo: May Tse
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