EconomyRise and fall of Hong Kong’s ‘shop kings’ as rents and debt crush their empires
Hong Kong landlords once known as “shop kings” built portfolios of dozens of properties along the same streets. Many have since gone bankrupt as post-pandemic rents collapsed and banks tightened lending. Shop prices are down more than 40% from their 2018 peak, and Centaline Commercial says there is still no clear sign of a recovery or a market bottom.
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South China Morning Post★★☆☆☆2026-09-13 08:00Original
Rise and fall of Hong Kong’s ‘shop kings’ as rents and debt crush their empires
Economy