HKEX | 1972
Swire Properties' commercial properties's occupancy rate remain 99% in last quarter
Swire Properties (1972) announced the operational data in the fourth quarter of last year, the overall commercial property occupancy rate in Hong Kong remained 99% compared with a year before. Pacific Place office's occupancy rate remain 100%, and the rental reversion rose by 26%. Cityplaza occupancy rate rose by 1% to 99% year-on-year, with a 6% increase in rental reversion; the occupancy rate of Taikoo Place remained at 99% and rental reversion rose by 6%; and the occupancy rate of One Island East and One Taikoo Place was up 1% to 100% and rental reversion was up 7%.
As for retail properties, retail sales at The Mall Pacific Place increased the most, up 11.8%; while retail sales at Cityplaza and Citygate Outlets increased by 5.6% and 4.3% respectively. The occupancy rates of the above three properties are all maintained at 100%.