DEFENSIVE HK PROPERTY INVESTMENT PORTFOLIO
14
Office
Occupancy
NewWorld Tower, Central
96%
Manning House, Central
98%
Mall
Occupancy
K11, TST
100%
Discovery Park Shopping Centre, Tsuen Wan*
73%
Telford Plaza, Kowloon Bay
100%
POPCORN II, Tseung Kwan O
100%
*Under major renovation
Rental performance
FY2015
Hong Kong rental income (HK$ mil)
1,486.1
Contribution HK vs CN
62% vs 38%
Maintain satisfactory rental performance
- Office:
- Positive rental reversion in our Central office towers
- Mall:
- Strong performance in TST K11
Revenue up 7%
100% occupancy
Average footfall 1.3 mil per month
- Resilient performance in regional malls
Average unit rent up in Discovery Park
Shopping Centre, Telford Plaza & POPCORN II
Asset enhancement are ongoing
- Office:
- NewWorld Tower: lobby, public areas and facilities
- Mall:
- Discovery Park Shopping Centre: the final phase of
overhaul to be completed in 2015
