China’s Luxury Malls Will Do Well in 2021: Hang Lung’s Chan

The transcript discusses the real estate market in Hong Kong and Mainland China, focusing on the bifurcation between luxury and mass markets. It highlights the impact of COVID-19 on work trends and market performance, noting that luxury markets are thriving while commercial rentals face challenges. The discussion also covers the social unrest in Hong Kong and its effect on tourism and consumer spending. The potential impact of vaccines on the market and future projects in luxury shopping centers are also explored.

What is the main challenge in the commercial rental market in Hong Kong?

• High demand for residential properties

• Difficulty in commercial rentals

• Lack of investment in infrastructure

• Oversupply of luxury shopping centers

How has the COVID-19 pandemic affected work trends in China and Hong Kong?

• Closure of all luxury shopping centers

• Continuation of the work-from-home trend

• A complete shift to remote work

• Increased demand for office spaces

What has been a significant factor affecting consumer spending in Hong Kong?

• Oversupply of residential properties

• Increase in luxury shopping centers

• High taxes on luxury goods

• Social unrest and reduced tourism

What sector is the focus of future acquisitions in Hong Kong?

• Commercial rental sector

• Luxury residential sector

• Mass lifestyle retail sector

• Office space sector

What is the expected impact of the vaccine rollout on the rental market?

• Complete recovery of the market

• Decrease in rental prices

• Improvement in the rental market

• No significant impact

Which segment is expected to perform well in the coming year in China?

• Mass lifestyle retail

• Residential properties

• Luxury shopping centers

• Commercial office spaces

What growth trend was observed in the luxury segment in the second half of last year?

• Decline in sales

• No change in performance

• Significant growth over 100%

• Stable performance