Adriel Chan: Cautious Optimism in Mainland’s Retail Recovery

News | Feb 2, 2026
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In today’s interviews with Bloomberg and CNBC, our Chair, Adriel Chan, shared his outlook on the Chinese Mainland’s retail sector, highlighting the record-breaking footfall and sales in Q4 2025. Market sentiment is showing signs of recovery, though overall sentiment remains relatively soft. Both the lifestyle segment—which contributed significantly to our growth in 2H 2025—and the luxury segment are now equally important pillars of our retail business.

Despite headwinds, the office portfolio has maintained strong occupancy rates. Rental pressure remains, viewed as more cyclical than structural, with expectations for improvement as market dynamics evolve.

In the residential market, performance in Hong Kong has been positive across both the high‑end and mass segments, and with hopes that the momentum will carry into 2026.

Watch the full interviews in

Bloomberg

CNBC

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