Hong Kong retail rents to recover – unevenly – in 2027, led by luxury locations

Hong Kong retail landlords are expected to see rental income improve in 2027 as stronger tenant sales feed into lease renewals, but the recovery will be concentrated in prime shopping destinations, while community malls continue to face falling rents. Higher turnover rents and improved lease-renewal terms would support landlords’ rental income next year, particularly at luxury-focused malls, Citig