Former Hong Kong leader Leung Chun-ying has urged landlords to lower rents as the city’s commercial property vacancy rate hit a 40-year high and retailers cried foul over being forced to close businesses to stem losses. In his social media post on Thursday, Leung pointed to the rate of vacant commercial buildings in the city, which reached a record high of 11.8 per cent by the end of 2024. He said that soaring rents had forced restaurants to have extremely cramped washrooms and to store...