vacancy rate – Charm

‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung

Cs news1 year ago02 mins

Former Hong Kong leader Leung Chun-ying has challenged landlords to “adjust their mentality” over rental yields as he renewed his call for price cuts to stem a 40-year-high vacancy rate for commercial properties from rising further amid a slackening economy. Leung, now a top political adviser to the country, also warned that landlords would be…

Cut rents now or miss out, CY Leung tells Hong Kong landlords

Cs news1 year ago02 mins

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,…