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Hong Kong Shop Rents to Rise As Sentiment Improves – SCMP

The worst is over for shop rents, which are likely to increase by at least 10% in some residential areas


Hong Kong business district
Shop rents are likely to go up by up to 20% in some areas as consumer sentiment improves. File photo: AFP.

 

Rents are poised to recover in Hong Kong this year as the city limps back to normalcy following a devastating fifth wave of the Covid outbreak, the South China Morning Post reported.

The worst is over for shop rents, which are likely to rise by at least 10% in some residential areas and by up to 20% in some posh areas as consumer sentiment improves, the report said, citing Edwin Lee, founder and CEO of Bridgeway Prime Shop Fund Management.

Read the full report: The South China Morning Post.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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