Sun Hung Kai Properties (0016) stated that the epidemic has continued to be stable and coincides with the peak Christmas season. People are going out to spend one after another. The business and traffic of its 15 major shopping malls have increased by 30% compared with the same period last year.
Sun Hung Kai Estate Agency Executive Director Fung Sau-yen said that among them, jewellery and watches, electronic audio and video, and catering have performed well. In terms of catering, benefited from the relaxation of the maximum number of banquets, and the resumption of wedding banquets, business and corporate gatherings at the end of the year. The market was full as early as two weeks, and two to three rounds of business could be done, with an average consumption of RMB 6,000 to RMB 8,000.
The Christmas lunch and dinner markets are full, and business during the peak Christmas season has increased by more than 50%.
In terms of electronic video and audio, the latest models of mobile phones and tablets have become popular choices for gifts. The colder weather accelerates sales of warm products, and the business has increased by 30% year-on-year. In terms of jewellery and watches, more weddings and festive parties at the end of the year have driven dragons and phoenixes and golden necks. Sales of chains and diamond jewelry rose by 40% year-on-year.
The top 15 shopping malls in SHKP include apm, Tai Po Super City, New Sun Plaza, Yuen Long Plaza, Chai Wan New Jade Shopping Center, Sheung Shui Metropolis Plaza, Fortune Southern Plaza, Li Gang Shopping Center, Happy Plaza, Greenfield Shopping Center, Mayfair Shopping Centre, New Kwai Hing Plaza, Eastern District, Park Island and Farm Road.