---
title: "Swire Properties' retail sales in Hong Kong's main properties fell in the first half of the year, with Pacific Place dropping by 13%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/210609091.md"
description: "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%"
datetime: "2024-08-02T15:59:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/210609091.md)
  - [en](https://longbridge.com/en/news/210609091.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/210609091.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/210609091.md) | [繁體中文](https://longbridge.com/zh-HK/news/210609091.md)


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

As of the end of June, Swire Properties' major retail sales in Hong Kong have declined over the past 6 months. Among them, Pacific Place shopping mall saw the largest drop of 13.1%, while Cityplaza dropped by over 4%, with both maintaining a 100% occupancy rate.

Within the Mainland China properties of the group during the period, Chengdu Sino-Ocean Taikoo Li and Shanghai Xintiandi Taikoo Hui performed poorly, with retail sales dropping by approximately 17% and nearly 20% respectively. Part of the reason is due to renovation projects, and the data has not been adjusted to reflect sales losses caused by the closure of certain stores. Retail sales at Xintiandi Taikoo Li in Shanghai's Bund area saw a slight increase, while retail sales at properties in Miami, Florida, USA rose by 4%.

As of the end of June, the group's office properties in Hong Kong, apart from Pacific Place, saw a slight decrease in occupancy rates compared to the end of last year, with the rest remaining stable or increasing. Rental adjustments, including renewals, new leases, and rent reviews, generally saw a decrease, with Pacific Place dropping by 16% and Taikoo Place dropping by 10%

### Related Stocks

- [SWIREPROPERTIES (01972.HK)](https://longbridge.com/en/quote/01972.HK.md)
- [SWIRE PACIFIC A (00019.HK)](https://longbridge.com/en/quote/00019.HK.md)

## Related News & Research

- [A C-Suite executive at Pop Mart's biggest Chinese competitor explains what goes into making a hit toy like Labubu](https://longbridge.com/en/news/281606541.md)
- [Starfighters Space Delays Annual 10-K Filing](https://longbridge.com/en/news/281397627.md)
- [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md)
- [Some Hong Kong taxi drivers unprepared as new e-payments rule takes effect](https://longbridge.com/en/news/281319202.md)
- [Hong Kong’s Exco approves plans for elevated mass transit system in Kai Tak](https://longbridge.com/en/news/281144460.md)