Twelve shopping centres of Hong Kong's largest real estate developer Sun Hung Kai Properties (SHKP), including the flagship APM mall in Kwun Tong, saw record sales of HKD12.9 billion (USD1.66b) last year, driven by mainland Chinese tourists.

Maureen Fung Sai-yin, the general manager of SHKP's leasing department, said this was a 30 percent rise on the year before.

To sharpen the company's competitiveness, this year's promotion budget for the 12 malls would be increased 20 percent to HKD130 million, 40 percent of which would be directed to attracting mainland shoppers and providing incentives for big spenders.

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