Hong Kong retail sales beat forecasts; malls urged to go green to cut vacancies

Hong Kong retail sales reached HK$203 billion in H1 2026, beating expectations, with Deloitte forecasting HK$412 billion for the year. High street vacancies fell to 9.1%, the lowest since 2020, but prime shopping centre vacancies remain elevated, prompting calls for malls to evolve into green sanctuaries. The retail revival signals improving consumer sentiment, though structural shifts in mall demand persist.

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