Feb 18, 2022 04:30 AM

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Hong Kong’s Biggest REIT Faces Rent Pressure During Covid Battle

Hong Kong is planning a testing blitz of the entire city

Hong Kong is planning a testing blitz of the entire city

(Bloomberg) — Hong Kong’s biggest real estate investment trust expects pressure on rents for its local malls in the short term as the city struggles with its largest Covid-19 outbreak yet.

“We have to support our tenants to survive through this period,” George Hongchoy, chief executive officer at Link Asset Management Ltd., said Thursday in an interview on Bloomberg Television.

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