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MTR CORPORATION: Retail Mkt Starts Well This Yr; 100% Mall Occupancy Rate Hoped to Be Kept
Recommend 7 Positive 13 Negative 4 |
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The retail market has started well this year, with an increase in passenger traffic and a notable rise in local consumption in January, David Tang, Managing Director - Property and International Business at MTR CORPORATION (00066.HK), said. Last year, the mall occupancy rate was approx. 100%. Tang hoped that these momentum can be sustained this year. Last year, new rents for MTR CORPORATION's malls fell by 9.5%, due to rental assistance provided to tenants. Excluding this, the overall leasing performance was close to the market. AASTOCKS Financial News |
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