TIMES SQUARE

Times Square, the Group's flagship property, boasts a massive 943,000 square feet of retail space, over one million square feet of top quality Grade A office space, and 700 car parking spaces in the heart of Causeway Bay. The prominent 17-level mall with a signature Open Piazza hosts an expertly-managed trade mix of 230 stores and is directly connected to the busy Causeway Bay MTR Station. Times Square has been billed as one of the most successful vertical malls across the globe.

Total GFA

1.98 million sq ft

Valuation (2020)

HK$ 52.7 billion

RETAIL

Gross Floor Area

943,000 sq ft

Average Occupancy (1H21)

92 %

Year-end Valuation (2020)

HK$ 34,275 Million

Gradual recovery of local consumption is supporting sales activities at Times Square, yet retailers remain cautious in expansion and some consolidate in Hong Kong. Curation of the irresistible marketing programmes and enticing fresh experience started to bear fruit. Tenants sales growth at Times Square turned positive since the last quarter of 2020 and outperformed the market for three consecutive quarters.

Times Square continues to be proactive in sales-driven marketing initiatives. In particular, the spending reward scheme and shopping surprise offers have proven to be successful. On top of theme-based promotions, the mall also formed innovative collaborations to create a lineup of exhibitions and character-themed events, which aim to draw footfall and reinforce brand awareness.

OFFICE

Gross Floor Area

1.033 million sq ft

Average Occupancy (1H21)

88 %

Year-end Valuation (2020)

HK$ 18,437 Million

Times Square remains the preferred office location for multinationals in the service and consumer goods industries.