Cosmetics retailer Sa Sa is closing some stores in prime tourist districts on waning demand from mainland tourists. Photo: Martin Chan

Weaker luxury sales to force down shop rents in prime districts

Scaled-back expansion plans by luxury brands and cosmetics retailers expected to spur landlords of street shops to cut rentals by up to 10pc

TOP PICKS

Cosmetics retailer Sa Sa is closing some stores in prime tourist districts on waning demand from mainland tourists. Photo: Martin Chan
READ FULL ARTICLE