The Financial Secretary Chen Maobo announced the "Budget" last Wednesday (23rd), and proposed a plan to "suspend landlords' rent pursuit" for the first time.
"Hong Kong 01" found that three working days after the budget, the ONE held by Huazhi Executive Director Chen Kaiyun (Gambi), as well as the properties of Hang Lung and Link, had a total of 71 rent-request filings, chasing nearly 25 million yuan .
Among them, Hang Lung has the most 41 cases, involving about 9.79 million yuan; The ONE has only 11 cases, but the amount is as much as 11.33 million yuan; Link is pursuing a total of 19 cases, involving 3.35 million yuan, a considerable part of which are travel agencies, Restaurants, retail stores, etc.
Some economists believe that there is a "catch the last bus", and it is estimated that more major landlords are suing for rent recovery.
Link pointed out that the relevant filing is a regular legal action and has absolutely nothing to do with the legislation "prohibiting rent recovery" proposed in the Budget.
The Financial Secretary Chen Maobo announced the "Budget" last Wednesday (23rd), and proposed a plan to "suspend landlords' rent pursuit" for the first time.
(file picture)
Last Wednesday (23rd), Financial Secretary Chen Maobo proposed a plan to "suspend landlords' rent pursuit", and proposed legislation to prohibit landlords from terminating leases, services or taking other relevant legal actions against tenants who fail to pay rent on time in designated industries. The measures will last for 3 To 6 months, it will give struggling enterprises a breathing space and help stabilize employment.
A total of 71 rent-chasing cases in three working days after the financial proposal proposed "suspending rent-chasing"
"Hong Kong 01" filed a rent recovery record after reviewing the budget. It was only three working days, namely on the 24th, 25th and 28th of last month. A total of 71 cases of chasing the lease of properties under Link REIT.
Hang Lung accounted for the largest total of 41 cases, involving 9.79 million yuan.
Most of the tenants being pursued by Hang Lung are large shopping malls on Hong Kong Island, including Fashion Walk in Causeway Bay, Hang Lung Centre and The Peak Galleria.
Among them, the Peak Galleria accounted for 17 cases, Fashion Walk accounted for 15 cases, and Hang Lung Center accounted for 5 cases.
Hang Lung's number of filings doubled
Before the Budget, Hang Lung also filed 14 rent-seeking cases in early and mid-February, involving about 1.04 million yuan.
However, compared with the 41 cases filed in the three working days at the end of February, Hang Lung filed nearly 2 times more after the Budget, and the amount of rent chases was also 8 times higher.
The ONE's filing amount more than doubled in January and February
The ONE held by Huazhi Executive Director Chen Kaiyun (Gambi), in January and February before the Budget, and three working days after the Budget, the number of rent-seeking applications in the two periods was also 11, but The ONE After ONE's proposed legislation to "prohibit chasing rent", the amount of rent chasing exceeded 11.33 million yuan, which was more than double the 5.37 million yuan in the whole month of January and February before the budget.
Among the businesses being pursued are Broadway movie theaters, which have been plagued by the outbreak.
Link's Wong Tai Sin Centre shopping mall.
(File photo / Photo by Luo Junhao)
Link files 19 cases after mentioning "No Rent Pursuit"
In addition, Link, which owns a number of shopping malls in housing estates, filed 19 cases of rent pursuit, involving a total amount of 3.35 million yuan, after the proposed legislation to prohibit rent pursuit, including Wong Tai Sin Centre, Lok Fu Plaza and Hang Hau. Nan Fung Plaza and other merchants.
On February 17 and 23, Link has filed 28 rent-chasing cases.
The reporter checked the records and found that a considerable part of the shops that were chased after the financial case were catering establishments, retail shops and travel agencies.
▼ Under the fifth wave of the epidemic, the crowds in shopping malls are like a dead city▼
Many large shopping malls have not pursued new leases
On the other side, shopping malls owned by major developers, such as Shatin New City, APM, YOHO MALL, Times Square, Plaza Hollywood, Harbour City, Metro City, Taikoo Shing, Pacific Place, the reporter checked online court records , After the financial case was announced, there has been no record of any rent-chasing filing.
The Land Construction Association reflects the difficulty of "no rent chasing", saying that all owners are desolate
The government originally planned to gazet the bill and submit it to the Legislative Council two days later (25th), but it was never implemented.
Cai Ye had a video meeting with the developer on Tuesday, and he also encountered many objections.
Leung Chi-kin, Chairman of the Executive Committee of the Real Estate Developers Association of Hong Kong, reflected on the difficulty of "forbidding rent-chasing" at the meeting, saying, "How about a tenant who suddenly leaves and who is responsible?" He said frankly, "You can't put the responsibility on the owner", and said, "It's a big deal. , medium and small" owners are all desolate.
According to the government's proposal, it will be enacted to prohibit landlords from terminating leases, services or taking other relevant legal actions against tenants who fail to pay rent on time in designated industries, including cinemas, beauty salons and other premises that have been closed for business. The lease term will start this year. The period is 3 months from January and can be extended for up to 3 months as needed.
Leung Chi-kin (middle), Chairman of the Executive Committee of the Real Estate Developers Association of Hong Kong, reflected on the difficulty of "forbidding rent chase" at the meeting. He said, "The tenant suddenly leaves and who is responsible?" He said frankly, "You can't put the blame on the owner." The owners of "large, medium and small" are all desolate.
(file picture)
Economist: filing a rent chase may mean "catch the last bus"
Zhuang Tailiang, executive director of the Lau Zuode Institute of Global Economics and Finance at CUHK, said that after the budget, the major landlords filed a petition, meaning they were "rushing the last bus".
He admitted frankly that he did not agree with the legislation prohibiting rent recovery. He was worried that some tenants would not pay rent even if they had money. He also pointed out that some tenants belonged to large chain groups and had more financial resources than ordinary landlords. to the owner.
Even if the government eventually has to legislate, the amount should not be more than 2 months deposit.
Zhuang Tailiang, Executive Director of the Lau Zuode Institute for Global Economics and Finance, CUHK.
(File photo / Photo by Lu Yiming)
Link said it was mainly due to last year's rent arrears cases that had nothing to do with the budget
"Hong Kong 01" has made inquiries to The ONE, Hang Lung and Link to ask whether the recent rent-chasing filing is related to the "prohibition of rent-chasing".
Link's reply pointed out that the relevant filing cases mainly involve some tenants who had defaulted on rent or management fees for a period of time last year. They are regular legal actions and have absolutely nothing to do with the "no rent recovery" legislation proposed in last Wednesday's budget.
Regarding the relevant legislation, Link said that it will carefully study the content after the government announces more details and implementation details.
The reporter is waiting for the reply from The ONE and Hang Lung.
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