Retail in Asia

In Sectors

HK’s mall gets creative to lure tenants

A zone for small, creative businesses in an eight-storey Hong Kong Housing Authority mall now under construction has drawn five times more applicants than there are shops available.

The authority has received 130 applicants for the 23 shops in the "small retail zone" of The Domain in Yau Tong, the public body’s biggest commercial project, which is due to open before Christmas.

It stands in marked contrast to the authority’s former estate shopping malls, where small businesses were forced out by rising rents and replaced by big chains, since the malls were sold off to The Link Reit in 2005.

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(Source: scmp.com)