Prime Hong Kong retail property goes up for sale, as long-term investors look to cut their losses

For the first time in more than a decade, prime commercial real estate is coming on Hong Kong’s market, with an entire building block offered for sale in the world’s most expensive retail district as long-term property investors anticipate a further decline in the city’s commercial property sector.Hong Kong’s retail sector has been hit hard, first by months of anti-government protests, and then the novel coronavirus pandemic. The city’s economy suffered its worst contraction on record in the…

Read the original article at South China Morning Post