King Fook Jewellery Group has decided to lease a 550-square-meter retail space in Pacific Place Two, Admiralty, for a six-year term, with a total rent of approximately HK$268.5 million (approximately US$34.2 million). Analysts believe that despite a slowdown in luxury demand, this move demonstrates the group's confidence in the Hong Kong retail market. The new store is scheduled to open in 2028, but analysts are divided on whether luxury watch sales can cover the costs. Stanley Poon Chi-ming, Managing Director of Centaline Commercial, stated that the steady increase in visitor numbers to Hong Kong this year has supported retail sales, particularly in the jewelry and watch sectors, prompting many retailers to expand their store networks.