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Colliers Quarterly | Q3 2019 | Retail

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Tourist arrivals dropped 22.6% YOY in Q3, leading retail sales to fall by 17.2% YOY. However, we also saw the opening of three new shopping malls in strategic locations, bringing new retail vibes in the form of retail+art and retailtainment to the market. If the ongoing demonstrations subside in the next quarter, we expect Hong Kong to remain a top shopping destination.

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Colliers Quarterly | Q3 2019 | Retail

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