According to the South China Morning Post citing a Citigroup report, rental income for Hong Kong retail landlords is projected to improve by 2027 as recovering tenant sales feed into lease renewals and turnover-rent clauses. Most of the gains are expected to concentrate in luxury-driven core shopping locations, while neighborhood malls will continue to face downward rental pressure. This represents an institutional forecast for the future market rather than a widespread increase in rents across all shopping malls in Hong Kong.