Festival Walk

Festival Walk sits at 80 Tat Chee Avenue in Kowloon Tong, opposite City University of Hong Kong and adjacent to the Kowloon Tong MTR interchange, where the East Rail Line meets the Kwun Tong Line. The catchment is unusual for a Hong Kong mall. It draws simultaneously from student traffic (City University, the adjacent Hong Kong Baptist University, and several international schools), cross-boundary commuter flow from Lo Wu and Lok Ma Chau, and residential foot traffic from Kowloon Tong itself, which stands among the lowest-density and highest-income residential districts in Kowloon.

Mapletree acquired the property from Swire Properties in 2011 and has held it as a stabilised income asset since then, with the tenant mix reflecting the mall’s positioning as a commuter and family destination rather than a tourist luxury address. Apple holds the electronics anchor, and the fashion set visible in Malls.com covers Abercrombie & Fitch, Aigle, and American Eagle, with ACCA KAPPA holding a beauty position.

The property is anchored by a Marks & Spencer department floor, the Apple Store, and a Taste supermarket, along with the largest indoor ice-skating rink in Hong Kong (Glacier), which has served as a district amenity since the mall opened in 1998 and remains a rare non-cinema entertainment anchor in the market.

The convenience layer runs through 7 Eleven for the daily-need catchment. What differentiates Festival Walk from the older Kowloon shopping centres is the Tat Chee Avenue address itself. The mall sits on the same podium as its own parking structure and the MTR station, which makes it functionally the transit hub for the Kowloon Tong catchment rather than a destination that requires a deliberate visit.

The tenant plan has trended toward a mix of premium high-street and family-oriented formats since the property’s 2020 reopening following the civil unrest damage of 2019, and the residential-plus-student catchment has proved unusually stable across Mapletree’s disclosed reporting periods.