Luxury brand retailers in Guangzhou and Chengdu continue to show strong demand for retail space, while fashion, sports, cosmetics, lifestyle, and F&B brands in Shanghai and Beijing are expected to maintain steady demand for retail space.
According to statistics from Luxeplace.com, from January 2023 to July 2024, the Luxe.CO Luxury Stock Index decreased from 249.1 to 226.7, a decline of 9.0%. Contrary to many expectations, the global luxury market did not experience a resurgence.
Swire Properties stated its goal of doubling the total floor area in mainland China by 2032.
Swire Properties plans to double the total floor area in the Chinese Mainland by 2032.
The expected completion date for Xi’an Taikoo Li has been adjusted from late 2025 to 2026.
Xi’an Taikoo Li to be Completed in Stages by 2025.
Under pressure, China Duty Free chooses to deepen its roots in the Hainan market.
In 2022, Swire Properties generated HKD 13.826 billion in revenue and announced a HKD 50 billion investment plan in the Chinese mainland.
