close
close

Rental income of Chinese luxury shopping malls falls as luxury consumption declines


Rental income of Chinese luxury shopping malls falls as luxury consumption declines

(Yicai) Aug. 21 — Operators of Chinese luxury shopping malls, including Hang Lung Properties, saw their rental income slump in the first half of the year, mainly due to a slowdown in luxury goods consumption. Hang Lung reported revenue of HKD 6.4 billion (US$897 million) in the six months ended June 30, up 15 percent […]