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Sparkling Wine
South China Morning Post
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Comments by "Sparkling Wine" (@vueport99) on "Will Hong Kong’s empty shops be refilled?" video.
Yup! The count down started the moment June 9 made someone North of the border nervous
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Don't worry, soon it'll be replaced by mainlanders and mainland chains
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Some have done so already. Fully staged units dressed up to look like a residential unit.. With explicit words to tell you you can't live in it. All kinds of scams now to trick people into renting properties that are not zoned or permitted for use as a residence.
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You know they can't do that right? The banks will call on their loans because property values are based on what the rental rates are. So unless the landlord owns the properties out right, which most of them do not, they can't afford to drop the rent because the banks will ask for the billions in cash!
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@rayleeaustralia they're definitely hurting. It's a matter of time before the collapse comes. There's stories of smaller property owners who had to go back to work in order to pay the loan
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