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Hong Kong

HK : Property - Overall - Loosening of quarantine measures to benefit retail landlords

    Raymond Cheng
    Raymond Cheng

    Head of Hong Kong Research

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    Steven MAK
    Will Chu
    CGS-CIMB
    23 September 2022
    Published byCGS-CIMB

    The HK government has announced the loosening of quarantine measures for inbound travellers to HK, with fewer Covid-19-related tests required. We expect to see a gradual increase in overseas visitors to HK with the new measures that will be in effect from 26 Sep 22. We also expect to see more Chinese travellers to HK, even though they may still be subject to tight quarantine measures when they return home. Among the stocks we cover, Wharf REIC, Hysan and CREIT have the highest exposures to non-mass-market retail in HK by revenue.