Retail rents in Hong Kong near Shenzhen border decline due to cross-border shopping in mainland China.
Retail rents in Hong Kong near the border with Shenzhen may not recover due to residents shopping in mainland China. Rentals in the New Territories' northern areas are expected to decline, while core locations like Central and Tsim Sha Tsui remain resilient or recover. This divergence in rent levels is due to increased cross-border travel for cheaper goods in Guangdong province.
June 07, 2024
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