Twelve shopping centres of Sun Hung Kai Properties, including the flagship APM mall in East Kowloon, rang up more than HK$10.8 billion in sales last year.
The figures were announced yesterday, along with a warning to shop owners to expect their rents to rise by up to 20 per cent.
'The sales turnover has surged as much as 30 per cent from 2009,' said Maureen Fung Sau-yim, the general manager of Sun Hung Kai Properties' leasing department.
Fung is in charge of the company's 12 big retail properties, including APM in Kwun Tong, the Tai Po Mega Mall in Tai Po and Sun Arcade in Tsim Sha Tsui. SHKP owns 50 shopping centres in Hong Kong.
This year, Fung expects total revenue at the 12 shopping centres to increase by 20 per cent to more than HK$13 billion.
The APM mall was responsible for more than HK$3 billion of last year's sales, while Tai Po Mega Mall generated more than HK$2.2 billion.
