SWIREPROPERTIES: In the third quarter, retail sales at Pacific Place increased by 3.6%
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Swire Properties announced its third-quarter results, with retail sales at Pacific Place increasing by 3.6% year-on-year, and Cityplaza growing by 3%. The retail sales at East Point City saw a slight increase of 0.2%. The overall office rental rate in Hong Kong is 92%, up 1 percentage point from the end of last year. The rents at Pacific Place and Taikoo Place were reduced by 13% and 15%, respectively. The office rental rate in mainland China ranges from 89% to 93%
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