Hang Lung Properties’ latest annual report shows revenue declined 1% YoY in 2023 to $1.39 billion (HK$10.88 billion), attributed to exchange rate factors and reduced property sales income. Leasing income increased by 2% YoY to $1.39 billion (HK$10.88 billion). The firm’s mainland China business rebounded, with tenant sales and leasing income rising by 23% and 7% YoY, respectively. Strong growth was seen in high-end shopping malls, including Shanghai Plaza 66, which saw revenue climb 10% YoY. Other locations in Wuxi, Dalian, Kunming, and Wuhan also experienced growth.