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Hong Kong Office and Retail Investment - Apr 2020
"Commercial volumes have declined dramatically with activity dominated by bargain-hunting investors looking for distressed assets which remain hard to come by."
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"Commercial volumes have declined dramatically with activity dominated by bargain-hunting investors looking for distressed assets which remain hard to come by."
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"Consumer expenditure will recover in line with the main economic indicators and their confidence in the system."
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"What does 2020 hold for retailer demand?"

"Key themes for 2020"
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"Retail sales increased 4.8% year-on-year (YoY) to RMB879 billion in the first three quarters of 2019 while online retail sales continued to record strong growth, registering a 27.5% YoY increase to RMB232.4 billion, accounting for 25.5% of total retail sales during the same period."
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"Bangkok is well known as one of the most visited cities globally with more than 22 million international overnight visitors in 2018 and a total of 38 million international tourist arrivals and tourism is a key contributor to Bangkok’s economy. "
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"The economic growth momentum in Guangzhou remained strong over the past few years despite the GDP growth decelerating to 6~7% per annum during the period 2017 to 1H/2019."
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"The Chengdu government announced its “first-store” economy plan in March 2019 as well as 35 “nighttime economy” pilot zones in August 2019, both of which are aimed at further exploring the city’s retail potential and promoting consumer growth."

"No signs that political uncertainty is affecting consumer behaviour, but the story is very different for retailers"

"Retail rents rise in Tokyo. Tokyo’s average 1F retail rents are trending upwards, with strong growth in Ginza and Shinjuku this period."