Staff reporter
Sun Hung Kai Properties (0016) says the malls under its management saw sales rise by at least 20 percent from a year ago during China's eight-day Golden Week holiday.
Fifteen of its 27 malls managed by one team - which include World Trade Center and apm - recorded a 20 percent increase in sales and foot traffic from a year earlier.
Executive director Maureen Fung Sau-yim said tenants in districts popular with tourists benefited from visitor spending, with some jewelry tenants seeing visitor spending account for 30 percent of the transactions during the holiday, with an average per capita spending of about HK$30,000 to HK$35,000.
The other 12 malls, which include East Point City, Harbour North and Park Central and are managed by another team, also saw a 20 percent hike in footfall and a 25 percent increase in sales.
Shops selling jewelry and dried seafood benefited the most, with per capita spending hitting HK$10,000, SHKP said.
