Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP
Property agents see an unusual trend in Central’s retail leasing market
Many of the big international brands that signed leases at the top of the market a few years ago are willing to hand over to newcomers, as the city’s retail slump continues
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Hong Kong property
Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP