Vicious cycles are difficult to break. As Hong Kong scrambles to identify and chip away at factors behind a wave of closures in catering and food production, lowering commercial rents may be a logical next step. A recent high-profile victim of the spiral was City’super’s Amazing Food Hall in the upscale Times Square shopping centre…
Former Hong Kong leader Leung Chun-ying has urged landlords to lower rents as the city’s commercial property vacancy rate hit a 40-year high and retailers cried foul over being forced to close businesses to stem losses. In his social media post on Thursday, Leung pointed to the rate of vacant commercial buildings in the city,…
Hong Kong’s tourism sector is anticipating a boost in business from greater visitor numbers over Christmas as retailers begin their holiday promotions, while airport passenger volumes are expected to return to pre-pandemic levels. Airport Authority chairman Fred Lam Tin-fuk said on Sunday passenger and cargo volumes at the airport were already at about 85 t0…
Hong Kong’s tourism sector is anticipating a boost in business from greater visitor numbers over Christmas as retailers begin their holiday promotions, while airport passenger volumes are expected to return to pre-pandemic levels. Airport Authority Fred Lam Tin-fuk said on Sunday passenger and cargo volumes at the airport were already at about 85 t0 90…