CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 27)

09 Jan 2023

HK/China border fully reopened on 8^th Jan 2023. Sun Hung Kai Properties (16.HK, NR) predicts the annual footfall to increase by up to 20% at 15 of its shopping malls – including the WTC in CWB and APM in Kwan Tong – during the first stage of reopening of HK/China borders. Centaline Commercial said that the vacancy rate in Wan Chai dropped by 0.45ppt MoM to 12.87%, while Tsim Sha Tsui slightly down by 0.01ppt to 10.76%.

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