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HK street-level shops see surge in enquiries

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HONG Kong's street-level shops are seeing a surge of bargain buying and leasing interest in a sign that some believe the worst may be over for the protest-hit city, although as yet the enquiries had not sparked an increase in deals. Read more at The Business Times.

The new law aims to curb sedition, secession and terrorism; and retailers hope it will bring more than a year of protests to an end.

Mr Wong said that enquiries for buying and leasing street-level shops have increased at least 50 per cent in the three weeks since the legislation was proposed. Dennis Cheng, a senior sales director at property agency Ricacorp, said enquiries to buy are up 40 per cent, while calls from those looking to rent are up 50 per cent.However, the bargain hunting had not yet boosted the number of deals, they said, because sellers and buyers are still too far apart in their price expectations.

 

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