Li Yongzheng: Brand Renewal Shop
The recent market sentiment has improved, and Lai Yong-soo (see photo), a senior investor with over 10 billion property holdings, said that from the perspective of renewed tenancy of its brand tenants, it can be seen that the current market conditions have improved compared to last year. Tenants have cosmetics, fashion and pharmacy, etc. this year. All have asked for a renewal.
He expects that the rent will steadily increase starting next year. “The recent economic improvement has been due to the reduction in Hong Kong’s political wrestling. The 18th President Xi has taken a firm stand. Looking around the market, Hong Kong Freedom Bank has increased, and Macau’s casino business has also improved.”