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Slump shuts shops at Hong Kong’s Chungking Mansions

Rents have plunged and vacancies are high at famous Hong Kong commercial complex, where simply getting a unit was once extremely difficult

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Business has slowed and many shops are vacant at Chungking Mansions. Photo: Xiaomei Chen
Bob Kripalani, an electronics goods retailer at Chungking Mansionshas seen his fair share of ups and downs over the past 25 years, but he has never seen a business slump as severe as now.
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Shopfronts lining the arcade on Nathan Road, Tsim Sha Tsui, are mostly vacant and shoppers are few.

Kripalani, the owner of Bob Electronics, recalled that when he first opened his store, business was so good that he “did not have time for lunch”.

He is among dozens of ­retailers scattered throughout Chungking Mansions, an iconic 55-year-old building near the tip of Kowloon, which travellers on a shoestring budget have long called home.

The building is a trading ­ecosystem, which for nearly four decades has hosted businesses predominantly owned by ethnic minorities, such as Indians, ­Pakistanis and those of various ­African nationalities.

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But now, retailers are struggling to stay afloat, blaming ­unwelcome loiterers and tightening visa restrictions on certain countries for the downturn.

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