SWIREPROPERTIES' overall office rental rate in Hong Kong for the third quarter is 92%, while the retail property rental rate remains at 100%

AASTOCKS
2025.11.06 10:01

Swire Properties (01972.HK) announced that as of September 30 this year, the overall office occupancy rate in Hong Kong was 92%, down 1 percentage point from the end of last year. Among them, the occupancy rate of Pacific Place was 96%, up 1 percentage point from the end of last year, with a negative rental growth of 13% in the first nine months; the overall occupancy rate of Taikoo Place was 90%, down 3 percentage points from the end of last year, with a negative rental growth of 15% in the first nine months.

In terms of mainland office buildings, the occupancy rate of Taikoo Hui was 90%, unchanged from the end of last year; the occupancy rate of One Taikoo Li was 89%, up 6 percentage points from the end of last year; the occupancy rates of Hong Kong Industrial Centre One and Two were 93%, down 3 percentage points from the end of last year.

As for retail properties, in the third quarter, the occupancy rates of Pacific Place Shopping Mall, Taikoo Shing Centre, and Citygate Outlets in Hong Kong were all 100%, unchanged from the end of last year; retail sales in the first nine months increased by 3.6%, 3%, and 0.2% year-on-year, respectively.

In terms of mainland retail properties, the occupancy rates of Guangzhou Taikoo Hui and Shanghai Qiantan Taikoo Li were both unchanged from the end of last year, at 100% and 98%, respectively; retail sales in the first nine months increased by 0.3% and 5.6% year-on-year. The occupancy rates of Sanlitun Taikoo Li in Beijing, Yintai Centre in Beijing, and Chengdu Taikoo Li all increased by 1 percentage point from the end of last year, to 99%, 99%, and 97%, respectively; retail sales in the first nine months increased by 7.8%, 2.9%, and 2.4% year-on-year, respectively. The occupancy rate of Shanghai Xinyu Taikoo Hui increased by 2 percentage points from the end of last year, with retail sales in the first nine months increasing by 41.9% year-on-year

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