The Company's Mainland malls demonstrated robust performance with significant growth in both tenant sales and footfall, while its Hong Kong malls also saw a steady increase in visitor traffic.
Strong Performance in Mainland Portfolio with Sales and Foot Traffic Growth
Fuelled by a series of engaging marketing campaigns and effective member promotions during the National Day Golden Week, total tenant sales across Mainland malls rose by approximately 15% year-on-year for the first four days. Heartland 66 in Wuhan and Grand Gateway 66 in Shanghai saw particularly strong growth, with tenant sales climbing by over 70% and 50%, respectively. Member sales were also a key driver, with a year-on-year increase of nearly 20% over the four-day period.
Notably, on National Day (October 1) alone, tenant sales across the Mainland portfolio surged by more than 20% year-on-year, with 70% of the Company's operating malls recording double-digit growth. Heartland 66 in Wuhan hosted the Central China debut of the popular IP "ButterBear" Autumn Baking Workshop, which attracted customer traffic and helped tenant sales more than double compared to the same period last year.
Overall footfall at Mainland malls improved by 3% year-on-year from October 1-4. In particular, Center 66 in Wuxi and Heartland 66 in Wuhan recorded growth of over 20%.
| Tenant Sales | ↑ Approx. 15% yoy
|
| Visitor Traffic | ↑ 3% yoy
|
Hong Kong Portfolio Sees Footfall Recovery, Peak Galleria Jumps Over 20%
In Hong Kong, Hang Lung's retail portfolio recorded a 4% year-on-year increase in footfall during the first four days of the Golden Week, reflecting an improvement in local consumer sentiment. The Peak Galleria performed exceptionally well with footfall surging by 26% year-on-year, contributing significantly to the overall footfall growth.
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About Hang Lung Properties
Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong and Shanghai, the Company manages a portfolio of over 3.5 million square meters of retail, office, residential, and hotel properties across Hong Kong and the Chinese Mainland.
The Company’s diverse portfolio in Hong Kong includes office towers and malls in prime districts, as well as luxury residential developments in prestigious areas. In the Chinese Mainland, under the signature “66” brand, the Company’s mixed-use and retail developments are regarded as premium landmarks, strategically located in the hearts of key cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou.
The Company is recognized for pioneering sustainability in the real estate industry, with an MSCI ESG rating of AA and inclusion on CDP “A List” for Climate Change. The Company powers 80% of its operating properties in the Chinese Mainland with renewable energy, with a net-zero commitment by 2050.
At Hang Lung Properties – We Do It Well.
For more information, please visit https://www.hanglung.com.
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