New World Development, the Hong Kong property developer, announced impressive results for its high-end shopping center, K11 Musea, in the second half of 2023. Sales and foot traffic increased by 40 percent, member spending grew by 20 percent, and Black Card members' spending went up by 17 percent, with a 55 percent year-on-year increase. On December 24 and 25, K11 Musea set new daily foot traffic records. Jewelry and watch sales, along with personal care, increased by 25 percent. K11 Musea's occupancy rate remains close to 100 percent. Nanjing Deji Plaza Sets New Records with 23.9 Billion RMB in 2023 Annual Sales In January, several domestic high-end shopping centers announced their 2023 annual performance. Beijing SKP, Nanjing Deji Plaza, Hangzhou MixC, Hangzhou Hubin Yintai in77, and others achieved annual sales exceeding 10 billion RMB($1.56 billion), with Nanjing Deji Plaza recording a total annual sales revenue of 23.9 billion RMB($3.74 billion), a year-on-year increase of 13.9 percent compared to 2022. Nanjing Deji Plaza has long been synonymous with high-end commercial properties in China and is hailed as "China's most profitable shopping center," consistently ranking among the top three in single-store sales among high-end shopping centers nationwide.