Hong Kong retailers should create experiences for local shoppers to survive with ‘zero tourists’

Despite the undeniable gloom of the pandemic and months of political turmoil in Hong Kong, JLL Head of Retail Oliver Tong believes the city is still the place for international businesses to take up retail space. Saying he believes those pressures will “reset” the property market to a “healthy rate”, he told the Post’s Elaine Ly that Hong Kong landlords should recognise the need to lower rents for historically expensive retail space.