Swire Properties' (HKG:1972) Hong Kong office occupancy rate hovered at 93% for the fourth quarter of 2024, unchanged from the quarter through December 2023, according to a Friday filing with the Hong Kong bourse.
Meanwhile, mainland China office occupancy rates were between 83% and 96% during the quarter ended Dec. 31, 2024, compared with 85% to 98% in the quarter ended Dec. 31, 2023.
Retail occupancy across the firm's Hong Kong properties stood at 100% for the reporting period, between 93% and 100% for the firm's mainland properties, and at 100% for its American property.
By comparison, retail occupancy rates for the fourth quarter of 2023 ranged from 96% to 100% in Hong Kong, 93% to 100% on the mainland, and 100% in the US.
Swire has seven investment properties and hotels under development in China, with three trading properties. It also has five properties in Hong Kong, one in Indonesia, and one in Thailand.
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