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When will Hong Kong’s retail leasing market see a turnaround?

When will Hong Kong’s retail leasing market see a turnaround?
Key Points

Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South...

Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons... [Image text:] BF MKA 93636681 0781168 93636681 92779943 CKFIVE FSN MKA 93636 7265279 07011 -0 BEN 9091-0435 2698-2128 A SE E PAK
Hong Kong’s (LOCATION) Beijing (LOCATION) the US Federal Reserve (ORG) Maxim (ORG) South Horizons (LOCATION)
Originally published by South China Morning Post Read original →