‘It’s the wealth effect’: Hong Kong luxury malls thrive amid IPO gains, housing recovery
Hong Kong’s new status as the world’s top cross-border wealth hub, overtaking Switzerland, alongside a recovering local housing market and strong initial public offerings (IPOs), is translating into a boom for high-end malls, with landlords enjoying improved revenues and rents.
Hard luxury and jewellery segments have posted consecutive months of robust growth, though the era of traditional high-street dominance has ended.
Industry experts said the market was increasingly defined by targeted...
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