, Hong Kong

Hong Kong’s MTR rolls out rental relief to mall tenants

The amount of support will be based on the individual circumstances of tenants.

Hong Kong’s MTR Corporation will provide a new round of rental relief measures to tenants at all shopping malls, as well as its stations, to help the businesses weather a new wave of pandemic disruptions, the major public transport network said in a press release.

MTR will provide different plans and formats to relieve the pressure on tenants including rental concessions, and special assistance will be provided to tenants of scheduled premises which are required to close under the government’s anti-epidemic regulations.

The actual circumstances of individual sectors and tenants, especially small to medium tenants, will be used for assessing the extent to which a business is affected, the company said.

The corporation has provided rental relief to affected tenants in its shopping malls and stations following the outbreak of the pandemic in 2020, it said.

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Dear Me Beauty eyes flagship store
The branch could serve as the foundation for broader market growth.
Erajaya Digital opens its biggest electronics store
The branch is its 80th concept store out of about a thousand branches nationwide.
Singaporeans push Q-commerce beyond meals
They want everything delivered quickly, from flowers to last-minute birthday presents.