Sun Hung Kai Properties reported 9 million visitors at its 15 major shopping malls during Christmas, a rise of 12 per cent on year
Footfall and retail spending at major shopping malls in Hong Kong managed to defy gloomy expectations this holiday season, with initial data pointing to solid year-on-year growth over Christmas, according to mall operators.
Sun Hung Kai Properties (SHKP) reported 9 million visitors at its 15 major shopping malls during the six-day period through December 26, a rise of 12 per cent from last year. Retail spending at the shopping centres during the period totalled HK$230 million (US$29.37 million), a gain of 13 per cent from last year, according to the developer.
“The combination of a stable retail market, low unemployment and thriving tourism has injected positive momentum to Christmas consumption this year,” said Maureen Fung Sau-yim, executive director at SHKP.
