Chong Hing Square, located at 601 Nathan Road Mongkok, is a 20-storey ginza-type retail/commercial development offers over 182,000 square feet of retail and commercial space.
In the second half of 2019, all Hong Kong leasing properties was seriously affected by the local social unrest. Chong Hing Square, located at the heart of Mongkok, is one of the hard hit areas. Most of the tenant’s business and revenue in this property was adversely affected due to the transport disruptions, shop closures and significant decrease of tourist arrivals.
The management had already initiated some marketing measures and short term rental recession scheme to support and relief tenant’s operating pressure under the current stalling business environment. However, it is hard to estimate 2020 full year revenue impact resulting from the protracted social activities and the subsequent outbreak of health disease. Since the outbreak of the coronavirus epidemic, numerous tenants having food and beverages business had stopped and/or suspended their business until the end of the disease. As such, the rental revenue generated from this property will be affected in first half of 2020.
Leasing contact: (852) 2983 7620
Location: 601 Nathan Road, Mongkok, Kowloon
租務聯絡：(852) 2983 7620