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Link reveals plan to support tenants and encourage consumer spending

Link Reit has introduced measures to support its tenants and lift customer spending in Hong Kong in a move to offset the impact of the coronavirus crisis.

New MTR Lohas mall in Hong Kong struggles to find tenants

Hong Kong’s soon-to-be-completed shopping centre development The Lohas mall is having significant troubles in attracting tenants following months of unrest in the region.

Hongkong Land posts record profit, despite protests

Property developer Hongkong Land has reported a 4-per-cent rise in underlying profit to a record US$1.076 billion for last year – but warned that the advent of the coronavirus outbreak will dent results this year.

Times Square, Harbour City parent Wharf calls Hong Kong economy ‘dire’

Hong Kong retail landlords will face pressure to reduce rental rates throughout the year as leases come up for renewal, says Wharf Real Estate Investment Company chairman and MD Stephen Ng.

Aeon Vietnam plans US$2 billion expansion

Japanese retail giant Aeon Vietnam says it will invest US$2 billion expanding its presence across the country.

Times Square World Market opens as a ‘cultural experience’

Hong Kong shopping centre Times Square has launched a cultural experience, The World Market, which will run until March 26.

Philippine Shopping Festival postponed due to coronavirus threat

The first Philippine Shopping Festival, a nationwide sale promotion aimed at getting people into malls, has been postponed due to the rise of coronavirus disease worldwide.

Hong Kong Housing Authority extends rent relief

Hong Kong Housing Authority (HA) has extended the 50 per cent rent cut for another six months for its retailers, following the government’s relief measure.

Retail businesses prosper for SM Investments

Shopping mall, retail and banking conglomerate SM Investments Corporation has reported a 20-per-cent increase in net profit last year to US$875.1 million (PHP44.6 billion).

Sunway Malls responds to Malaysian stimulus package

Sunway Malls has released a response to the Malaysian government’s RM20 billion (US$4.75 billion) stimulus package to ease the impact of Covid-19.

New World sells Hong Kong mall stakes to MTR

New World Development has sold its stakes in two Hong Kong shopping malls to rail operator MTR Corporation, with settlement due next month.

Frasers Property Retail reveals tenant support package during virus crisis

Singapore’s Frasers Property Retail has introduced a support package for its tenants to provide some relief from the effect of the current coronavirus outbreak on business.