MTR: Multiple-entry visa enhances retail market, boosts bustling crowds
The general manager of MTR Investment Property, Kenneth Lung Tze-ho, stated today (Jan. 16) that the retail market has improved and become busier due to the resumption and expansion of the "multiple-entry visa (Individual Visit endorsement)" for Shenzhen residents to visit Hong Kong last year.
After the measure took effect, sales at malls under MTR Corporation have significantly improved during Christmas and New Year compared to the previous months. The mall at Tai Wai Station significantly benefits from this measure compared to others, he said.
MTR Corporation will continue to monitor the situation, emphasizing its confidence in both the traffic and sales at its malls, according to Lung.
Moreover, Lung said that the malls will conduct Spring Festival promotional activities to stimulate local consumption.
He noted that they will continuously refresh the mix of stores and increase the number of pop-up shops. Due to the shorter leases of these stores, they will make it easier to introduce different types of tenants, thereby bringing freshness to customers.
Additionally, Lung also indicated that the MTR Corporation plans to strengthen the connection between the mall and the community, believing that this would help boost consumption.
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