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Story summary
- Wharf Real Estate Investment Company (REIC) cautioned that Hong Kong's retail recovery faced challenges, pressuring shopping mall rents.
- In their annual results, Stephen Ng Tin-hoi, chairman of REIC, said higher visitor volume has not yielded higher yields.
- Ng warned that Middle East tensions could affect Hong Kong's economy more directly than prior conflicts.
- Ng said rates, previously with room to decrease, may now rise, impacting Hong Kong's 2026 outlook.
