The economy is slowing down and cracking down on the retail industry
An American fashion brand rented the South Street area of Mong Kok Sai Yeung Choi, which has an area of nearly 20,000 square meters. It was closed yesterday and the market is expected to abandon the rent. The brand began to lease the shop in 2016. The initial monthly rent was about $2 million. Since then, the rent has increased and it is now over $2 million.
Zhongyuan (Industrial and Commercial Shop) Shangzhuang Zhuanglangwen said that the ground floor of No. 39 Jianhua Street, North Point, is about 900 square meters, with a price of about 9.38 million yuan
The price is 9,311 yuan, which is about 3.62 million yuan less than the original intention. Or 30%.