Gao Li: Hong Kong's retail market is cautiously optimistic, with rents on prime street shops expected to increase by about 3% this year.

According to the Smart Finance and Economics APP, Li Wanyin, director of research at Colliers Hong Kong and retail consultant, stated that the Hong Kong retail market is showing a cautious optimistic trend against the backdrop of stable consumer confidence and continued recovery of the tourism industry. Luxury goods and experiential retail remain the main driving forces, with brands accelerating the deployment of omni-channel sales strategies to respond to constantly changing consumer behavior. It is expected that with strong local demand in Hong Kong and gradual return of international visitors, the market will maintain stable growth, with a projected increase of about 3% in street shop rents this year.