Swire Properties' retail sales in Hong Kong's main properties fell in the first half of the year, with Pacific Place dropping by 13%

In the first half of the year, Swire Properties' main property retail sales in Hong Kong fell, with the largest decline of 13.1% at Pacific Place shopping mall and over 4% at Cityplaza. Among the group's main properties in Mainland China, The Temple House in Chengdu and Xintiandi Style in Shanghai performed poorly, with retail sales dropping by approximately 17% and nearly 20% respectively. Retail sales at The Bund in Shanghai saw a slight increase, while property retail sales in Miami, Florida, USA rose by 4%. In Hong Kong, except for a slight decrease in the occupancy rate of Pacific Place office properties, the rest remained stable or increased. The rental decline at Pacific Place was as high as 16%, while TaiKoo Place dropped by 10%