Media Coverage

Chief Executive Tim Blackburn said that the Company will scale up its investment in the Chinese Mainland, with a particular focus on retail-led projects. This strategic decision will better meet the growing demands of local consumers, considering the nation’s robust economic recovery and strong momentum in consumption, which has bolstered market confidence.

He added that the Company plans to double its gross floor area in the Chinese Mainland over the next decade, investing HKD50 billion to develop retail-led commercial projects in first-tier and emerging first-tier cities. These cities have been identified as having tremendous market potential, especially considering the relaxation of COVID-19 restrictions and the subsequent strong recovery in footfall and retail sales, driven up by pent-up demand.

Furthermore, he said the Company is confident in the continued growth of the Chinese Mainland retail market, emphasising its role as a driver for retailers’ expansion. The Company recognises the strategic role of the Guangdong-Hong Kong-Macao Greater Bay Area in the nation’s economic development, and will continue to expand its presence in this region.