On February 8, Swire Properties released its Q4 2023 operational data. In Hong Kong, the overall office occupancy rate dropped by 3 percentage points to 93 percent compared to the previous year. In mainland China, occupancy rates remained steady and retail sales increased notably. Retail sales at Sanlitun Taikoo Li in Beijing grew by 30.5 percent, at TaiKoo Hui in Guangzhou by 15.4 percent, at Indigo in Beijing by 26.6 percent, at The Temple House in Chengdu by 32.9 percent, at Xingye TaiKoo Hui in Shanghai by 28.8 percent, and at Taikoo Li Qiantan in Shanghai by 78.8 percent. Additionally, It is projected that the sales at TaiKoo Hui in Guangzhou for 2023 will surpass 12 billion RMB ($1.92 billion), with luxury brands like LV, Hermès, and Chanel contributing over 5 billion RMB ($800 million).