"The most difficult stage of real estate has passed," said the CEO of HANG LUNG GROUP: As long as funds are sufficient, there is no need to worry about whether to buy at the lowest point

Recently, Lu Weibai, CEO of HANG LUNG GROUP and HANG LUNG PPT, stated in an interview that the retail market has seen a rebound in tenant sales since June of this year. He mentioned that, taking Shanghai HANG LUNG Plaza as an example, the occupancy rate is 98%, and the reason for not being fully rented is that the company is undergoing mall renovations and space optimization, such as the construction of the Phase III connecting passage, which requires temporary adjustments for some tenants. "The most difficult phase has passed," Lu Weibai said. "In the short term, sales fluctuations are affected by local renovations and the consumption environment, but as project adjustments are completed and consumption warms up, tenant sales performance is expected to gradually improve. Offline retail has shown a warming trend since the end of the second quarter." The company holds a cautiously optimistic view of the retail market for the second half of the year, hoping for a more sustained recovery in the fourth quarter. Chen Wenbo, Chairman of HANG LUNG GROUP and HANG LUNG PPT, also stated that the current mainland market is indeed facing certain pressures, but relevant operational data has still maintained a growth trend over the past two to three months