MTR Corporation Limited (0066.HK): All of its shopping malls have reached a 100% rental rate. The upcoming Tuen Mun A16 site project will be launched.

According to the Zhongtong Financial APP, Tang Zhihui, Property and International Business Director of MTR (00066.HK), said that due to the downturn in the Hong Kong retail market and changes in consumer patterns, tenants need to face reality and actively adapt to the new normal. In the future, MTR will focus on consolidating the catering sector, and currently all its shopping malls have a rental rate of 100%. In addition, the group will prioritize the launch of the Tuen Mun A16 site project in the future, followed by the release of the Discovery Bay project.