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Hong Kong’s mall owners push back at tenants’ pleas to cut rents even as retail sales shrink amid unrelenting protests

Hong Kong’s leading mall owners are looking at various options to help struggling tenants amid the unrelenting protests, but most of them are reluctant to commit to rent cuts even after the city recorded its worst monthly sales in August.Although Sun Hung Kai Properties, Wharf (Holdings), Hysan Development, Swire Properties and CK Asset, which together own 40 shopping centres in the city, have come up with proposals, including increasing promotional activities to postponing rental payments,…

Source: South China Morning Post