Link sizzles in Shenzhen

Link Real Estate Investment Trust (0823) said footfall at its Shenzhen shopping mall jumped nearly 1.2 times yearly in 2023 as more Hong Kong shoppers headed across the border to the neighboring mainland city.

Sales rose 78 percent last year at Link CentralWalk, which is located in the Futian district close to the Futian Checkpoint.

Footfall in December surged 188 percent and sales soared 130 percent over with the same month last year.

Link, which celebrated the mall's second anniversary last weekend, introduced over 110 new brands to the shopping mall last year.