The increasing number of mainland shoppers has encouraged Hongkong Land to invest HK$151m to renovate the retail podium of Prince's Building in Central.
"About 25% of the shoppers in our shopping malls came from the mainland," said Raymond Chow Ming-joe, an executive director at Hongkong Land. "We found that increasing [numbers of] mainland travellers with higher income choose to go shopping in Central in recent months, as the malls have a greater selection of brands.
"The retail traffic at our shopping malls may be less than the other malls, but the spending per head is higher than the others."
South China Morning Post