SWIRE PROPERTIES maintained a 93% office occupancy rate in Hong Kong for the third quarter
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SWIREPROPERTIES announced its third-quarter results for the period ending September 30, with an office rental rate in Hong Kong maintaining at 93% and a retail property rental rate reaching 100%. However, retail sales at the three major shopping malls all experienced declines, with Pacific Place seeing the largest drop of 13.7%. The rental rates for office properties in mainland China generally declined, while Taikoo Hui maintained at 92%. The company is developing seven investment properties and hotels, which are expected to be completed gradually starting in 2025
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