Hong Kong malls see ‘gradual recovery’ with new stores and events: Hang Lung CEO

Leasing situation ‘steadily improving’ with new stores set to ‘open one after another’ in fourth quarter and beyond, Weber Lo says

The company’s malls recorded growth in July, and business would be “even better” in the fourth quarter owing to a full pipeline of new shops preparing to open, said Weber Lo Wai-pak on the sidelines of an event on Monday.

“Hong Kong shopping malls need to focus on getting the fundamentals right and offering the public new products and activities,” Lo said. “If there are engaging events, foot traffic will actually stay.”