Hysan’s first quarter tenant sales increased by 4%

Hysan Development (014) Chairman Li Yunlian said that the rents set in the first quarter of this year, rent review and new rental properties have increased overall. In terms of people flow, the first quarter of this year recorded an increase of 6% year-on-year. The retail occupancy rate recorded 97% in the first quarter of this year. In the first quarter of this year, the overall tenant sales increased by 4% year-on-year. She also said that the Tai Po low-density residential project is progressing well and it is expected that units will be pre-sold in early 2021.

For the recent May 1st Golden Week holiday, the Chief Operating Officer, Mr Luk Wai-wai, said that there was a double-digit growth in the number of people in the shopping malls. The lifestyle and food-related retail sales also performed better. At present, mainland customers are more focused on experience and “check-in”. It is believed that the Group is confident that it will win over large shopping malls such as Kowloon.