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HK shop rents seen falling on tighter wallets

Average monthly rents of street-level shops in the Central business district (above) are down 1.5% this year and averaged HK$774 psf in Q4, according to Jones Lang LaSalle.

Hong Kong

SHOP rents in Hong Kong are set for their worst year since the global financial crisis as mainland Chinese visitors spend less amid a slowing economy and the nation's anti- extravagance drive. Retail rents in the city were the world's most expensive for two years until they were