Hysan: Trade wars hinder consumer confidence

Sino-US trade war is in a difficult situation. Hysan Development (00014) Chairman Li Yunlian said that it has an impact on consumer confidence. The fall of the renminbi also poses challenges, but there are opportunities in the crisis. The combination covers high-end to civilian tenants, and will also enhance technology to increase customer experience and increase the attractiveness of the park.

Enhance technology, increase customer experience and resist

As at the end of March, the occupancy rate of Hysan’s retail outlets was about 97%. The rental level set by the renewal, rent review and new rental properties in the first quarter increased overall. Compared with the same period of last year, the overall tenant sales in the first quarter increased by about 4%, outperforming the market.

Li Yunlian pointed out that the retail market has a positive atmosphere, and the number of people in the first quarter of Hysan has increased by about 6%. Hysan is adjusting its positioning to create a unique retail hotspot. It is attractive to bring together new and old buildings and various restaurants. There are also many punching cards. The Group will regularly review the property portfolio and renovate the old properties.

Lv Ganwei, Chief Operating Officer, said that there was a double-digit growth in the May 1 Golden Week. After the high-speed rail was opened for a period of time, mainland visitors learned more about Hong Kong and wanted to find new places with local characteristics or not in Kowloon. Lee Park was one of the choices. .

At present, the office business accounted for more than 40% of Hysan’s turnover. As of the end of March, the office occupancy rate was 98%. Li Yunlian said that more bankers in the banking and financial industry and shared workplace users will be introduced to bring new consumer demand, but acknowledged that demand will decrease this year, but supply and demand are still healthy.