2024-04-06 03:10:15
With the tide of enforcement, the number of people in the “Execution Concern Group” quickly exceeded 210,000, reflecting that everyone is concerned regarding the issue of enforcement. (SOPA Images via Getty Images)
During the Easter holiday, 2.285 million Hong Kong residents left the country, and the local market was deserted, stimulating more catering and retail stores to choose to close. With the tide of enforcement, the number of people in the “Execution Concern Group” has quickly exceeded 210,000, reflecting that everyone is concerned regarding the issue of enforcement. If the tide of enforcement becomes more and more intense, people who want to buy a property may have to beware of the “mirage” of living facilities.
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The risk of “mirage” of living facilities is rising
This wave of business closures covers different business categories. Dachang Food Market announced the closure of its entire line. The two major local supermarkets, U-Go and Wellcome, both reported that they were reducing their branches. Even the old clock hotel “Manchun” also announced its closure. As for the catering industry in the hardest-hit areas, the industry estimates that more than 3,000 restaurants will choose to implement it.
Michelin-recommended restaurants, which have a “moat” in hand to attract customers, have been rumored to have lost their seats. Famous restaurants including “Gantao Roast Goose” and “Xinyuan Xingji Roast Meat” have announced their closure. “The Araki”, which once won one star, closed in January this year. “Ecriture”, which has won two stars for five consecutive years since 2019, also It closed at the end of last year. It can be seen that operating a restaurant today, with reputation, quality and fans, is also difficult to resist the cold winter of local consumption.
In contrast, although property prices did not rise significantly following the withdrawal of the epidemic, the transaction volume on the first and second floors did rise sharply. The atmosphere in the property market was hot, which was in sharp contrast with the tide of shopping malls. Homeowners who are rushing to buy properties may think that the transfer trend has nothing to do with property selection. However, from a practical point of view, the transfer trend continues to worsen, which may have a negative impact on life following moving in and even the value of the property.
In addition to location, living facilities are indispensable when choosing a property. Even if they are buying off-the-plan properties, many users will go around the site to get a first-hand understanding of the surrounding living facilities, such as whether there are supermarkets, various shops, markets and restaurants to support their daily needs. But under the current tide, these supporting facilities are in danger.
In recent years, supermarkets have become increasingly flexible in downsizing, and it has become the norm for branches to shrink in size or even disappear suddenly. (Xinhua News Agency via Getty Images)
Let’s talk regarding supermarkets first. Large supermarket chains have opened branches in the past. If the business is stable, it is not easy for the branches to continue operating for more than ten years. However, in recent years, supermarkets have become increasingly flexible in downsizing, and it has become normal for branches to shrink in size or even disappear suddenly. As for all types of stores, even chain stores, it is not surprising that they put up countdown notices half a year following opening.
Markets seem to provide relatively stable living facilities, but following the epidemic, many districts’ markets have found themselves unable to rent shops. The market has been reduced to ten rooms and nine empty spaces, and the food-buying facilities are almost non-existent. The situation in restaurants is even worse. Even the most popular ice rooms or Japanese restaurants may not be able to survive the landlord’s increase in rent once morest the market trend.
Since the situation is not optimistic, users who are tight on living facilities should give priority to properties with large shopping malls when choosing properties. It is best if they are managed by developers who are good at prospering shopping malls. It is especially important if the mall has a supermarket owned by the developer. If a shopping mall has opened, you may wish to pay careful attention to the merchant mix. Although betting stations may not be popular with everyone, in fact betting stations are super tenants that attract a steady flow of people. There are betting stations in shopping malls, restaurants, and convenience stores are all strong and strong. The risks are relatively small.
Users who are tight on living facilities should give priority to properties with large shopping malls when choosing properties, and they should preferably be managed by developers who are good at prospering shopping malls. It is especially important if the mall has a supermarket owned by the developer. (josephmok via Getty Images)
Users who are worried regarding the “mirage” of living facilities should also consider avoiding properties located in industrial and trade zones. At present, the vacancy rate of office buildings is high, and the flow of people in second-tier industrial and trade areas is likely to continue to be weak. Restaurants and convenience stores in the area may choose to withdraw. Owner-occupiers who buy nearby private buildings may suddenly face a lack of supporting facilities. dilemma.
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