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The Zhitong Finance App learned that store transactions have improved recently. Deng Jieying, senior director of JLL's capital markets department, pointed out that as store prices have been drastically reduced, capital from various places, including local and overseas, has increased interest in entering the market, while properties under HK$100 million in the core area have also been contested for multiple funding. According to JLL statistics, retail sales of HK$20 million or more involved about HK$20 billion in 2022. Since then, they have all declined in recent years, with a record of around HK$11.2 billion last year. As for the first eight months of this year, about HK$8 billion was recorded, and the momentum has improved slightly. Tang Kit-ying said that the investment climate has improved further in the past two months, such as Tsim Sha Tsui and Central, all of which have recorded retail transactions.
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The Zhitong Finance App learned that store transactions have improved recently. Deng Jieying, senior director of JLL's capital markets department, pointed out that as store prices have been drastically reduced, capital from various places, including local and overseas, has increased interest in entering the market, while properties under HK$100 million in the core area have also been contested for multiple funding. According to JLL statistics, retail sales of HK$20 million or more involved about HK$20 billion in 2022. Since then, they have all declined in recent years, with a record of around HK$11.2 billion last year. As for the first eight months of this year, about HK$8 billion was recorded, and the momentum has improved slightly. Tang Kit-ying said that the investment climate has improved further in the past two months, such as Tsim Sha Tsui and Central, all of which have recorded retail transactions.
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