EconomyHot property: Big banks and fashion stores seek cheaper, eye-catching Hong Kong retail space
Tenants ranging from major banks to fashion brands are taking advantage of potentially lower rents in prime Hong Kong retail areas, using prominent sites to increase customer visibility, agents say. HSBC is opening its first flagship branch at Capitol Centre, formerly occupied by Chanel, Victoria’s Secret and Forever 21, while preparing to close two branches in Causeway Bay.
Hot property: Big banks and fashion stores seek cheaper, eye-catching Hong Kong retail space
Economy