In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of driving tenants away. In this difficult…
A recent trend in Hong Kong is causing concern. Cinemas and restaurants that have operated here for years are now closing down for good. Earlier this month, cinema chain operator Golden Harvest shut its venue at the MegaBox shopping centre, the fifth cinema it has closed down since April 2024. That came just days after…
Hong Kong film-goers snapped up discounted tickets for the final day of operation of Golden Harvest’s MegaBox cinema on Sunday, with some disheartened fans finding comfort in the news that another theatre chain will take over the space soon. In the afternoon, the seven-screen cinema was bustling with long-time regulars and others who were simply…