Landlords Take a Wait-and-See Attitude on Rental Relief
The Hong Kong Retail Management Association (HKRMA) has earlier called for a temporary reduction of 50% for 3 months to include related management fees and air-con charges to help retailers survive through the current retail crisis as a result of the outbreak of SARS. However, it appears to date that retailers are NOT getting their helping hand from the major retail property owners and landlords as most take the wait-and-see approach and defer the subject matter. The Association is extremely disappointed on this non-action. The HKRMA urges all landlords again to be sympathetic to this plight on retailers for this sudden drop of business. A lot of retailers are having cash flow problems and are in danger of closing down and more people facing unemployment. Retailers are desperately in need of this temporary rental relief from their landlords.
The HKRMA urges landlords to pull through this extraordinary crisis together with their retail tenants.
About HKRMA
The Hong Kong Retail Management Association (HKRMA) is the major association representing Hong Kong's retail industry. The Association's current membership represents over 500 major retail chains covering more than 5,000 retail outlets and employing two-thirds of the total retail workforce in Hong Kong. Member organizations are engaged in various types of retail businesses ranging from department stores to supermarkets, convenience stores, drug stores, food, fashion and accessories, specialty stores and industry related service organizations.
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16/04/2003
