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The Changing Retail Landscape

Hong Kong Major Report | September 2015

The Hong Kong retail market experienced rapid growth in the decade since the launch of Individual Visit Scheme in 2003. Growth was propelled by tourists from Mainland China consisting of a large and expanding urban middle-class with a strong appetite for lifestyle consumer goods and services.

Strong demand for luxury goods has resulted in robust demand from luxury retailers and other tourist-oriented trades for prime retail premises in core locations. Combined with the lack of supply helped drive rapid growth in rents and ensured Hong Kong rose to become one of the most expensive retail destinations in the world.


Contacts


Marcos Chan
Head of Research
Hong Kong, Macau & Taiwan
+852 2820 2886
Email
  Rosanna Tang
Associate Director, Research
Hong Kong, Macau & Taiwan
+852 2820 2806
Email
  Jerry Ng
Assistant Manager, Research
Hong Kong, Macau & Taiwan
+852 2820 1517
Email
         
Joe Lin
Executive Director
Hong Kong Retail Services
+852 2820 2860
Email​​
       

Infographic



The Changing Retail Landscape: How to Survive the Slowdown?