Retail in Asia

In Markets

HK’s retail rents hitting top of curve

The slowdown in economic growth in mainland China and in Hong Kong, and in the growth of visitor arrivals, could signal an end to the sharp increase in retail rents, say analysts.

After almost doubling in the last three years as retailers scrambled for prominent locations in tourist hot spots, rents in prime Hong Kong shopping districts are now likely to remain unchanged or at best show only modest growth, they say.

"In the short run, retail rents are close to their peak," said Joe Lin, senior director of retail services at property consultancy CBRE.

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(Source: scmp.com)