Hang Lung Properties
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Hang Lung Properties

Shares of Hang Lung Properties sank 12.7 per cent on Tuesday, the most in 24 years. Photo: Shutterstock
Hong Kong property

Hang Lung Properties’ profit sinks 56% amid Hong Kong, mainland China slowdown

First-half net profit fell to HK$1.06 billion (US$135.7 million), from HK$2.39 billion a year earlier on lower rental revenues, higher costs.

Banking & finance

Hong Kong stocks recorded biggest weekly loss since January as 4-month rally cools

China property

Hong Kong developer Hang Lung to expand flagship Shanghai mall Plaza 66

Banking & finance

Adriel Chan to succeed his father Ronnie Chan at Hong Kong’s Hang Lung Group

Hong Kong developer Hang Lung named Adriel Chan to succeed his father Ronnie Chan as its chairman, at a time when the real estate market is coming under more pressure and home prices are at a seven-year low.

(L-R)Vice Chair of Hang Lung Group & Hang Lung Properties, Mr. Adriel Chan; Chief Executive Officer of Hang Lung Group & Hang Lung Properties, Mr. Weber Lo; Chair of Hang Lung Group & Hang Lung Properties, Mr. Ronnie C. Chan; Chief Financial Officer of Hang Lung Group & Hang Lung Properties, Mr. Kenneth Chiu; pose for a picture at the 2023 Annual Results.
China property

Hang Lung Properties reports 23 per cent profit growth amid slow economy

Net profit rose to HK$2.39 billion (US$306 million) in the first half, while total revenue dropped 1 per cent even as mall revenue rebounded. Still, ‘plenty of uncertainties’ persist, both domestically and internationally, company says.

China-Middle East relations

Exclusive | Saudi minister calls for people exchanges to enhance trade

The minister’s comment came at the of the first day of the 10th edition of a two-day conference attended by more than 3,500 delegates of 23 different nationalities.

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Banking & finance

Exclusive | Hong Kong’s ‘moneymaking genes’ help it trump charmless Singapore: Ronnie Chan

While some international cities that are well-equipped with hotels and airports are ‘artificial’ and ‘super boring’, Hong Kong is also ‘full of charm’, says Ronnie Chan Chi-chung of Hang Lung Properties.

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Cities such as Hong Kong, London, New York and Paris have charm, Chan says. Photo: Jonathan Wong
Hong Kong property

Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

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Hong Kong property

Analysis | Hong Kong developers face HK$109 billion debt mountain as interest rates soar

As in the years from 1997 to 2003, a struggling housing market, slowing economy and surging interest rates are making the debt levels of the city’s home builders a cause for concern.

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Hong Kong property

Magnate warns of tough times as Hang Lung kicks off results season

The comments by Chan showed how Hong Kong has been caught since 2019 by a series of turbulent events, including months of anti-government protests, US sanctions and a Covid-19 pandemic in its third year.

Hang Lung Centre in Causeway Bay on 24 January 2017. Photo : Christopher DeWolf
China property

Hong Kong firms Kerry, Hang Lung looking at ways to support Shanghai tenants

Areas to the east of the Huangpu River – including the Pudong New Area where about 5.7 million people live – come out of their lockdown on Thursday night. The second stage starts on Friday, and will see Puxi, to the west of the Huangpu River, shut down for four days.

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The Shanghai government has told state-owned firms to offer free rent for three months, and encouraged private companies to extend relief to tenants too. Photo: EPA-EFE
Coronavirus India

Coronavirus: Hong Kong turns to mainland China, private sector for supplies

Commerce chief Edward Yau says government has sent a list of needed supplies to Chinese authorities to fight escalating outbreak.

Coronavirus Hong Kong

Tycoon Ronnie Chan urges Hong Kong to rethink tough Covid-19 stance

The billionaire chairman of Hang Lung Properties said the city’s measures, which include strict social distancing rules and a lengthy quarantine period, make life difficult for businesses.

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Hong Kong property

Hong Kong homebuyers snatch up 145 flats in big weekend sale

With nearly 500 flats on offer on Saturday, Hong Kong marked its biggest weekend sale for homebuyers since September.

People line up at Hang Lung Properties’ The Aperture development in Kowloon Bay on December 18, 2021. Photo: Xiaomei Chen
Weekend Property

Buyers snap up the first homes to launch in Kowloon Bay in 40 years

The brisk take-up reflects improving sentiment among homebuyers as Hong Kong inched closer towards quarantine-free travel to mainland China.

People lining up for The Aperture development, built by Hang Lung Properties, in Kowloon Bay on 11 December 2021. Photo: May Tse
Hong Kong property

Hang Lung’s Shouson Hill Road project to feature ‘5 or 6’ villas

The ultra luxury project on will only have five to six houses, each measuring 10,000 sq ft, with sweeping views of Deep Water Bay, says CEO Weber Lo.

Hong Kong property

Legco reforms mean more land supply, cheaper homes, says Ronnie Chan

The national security law and electoral reforms meant laws aimed at increasing the amount of land available for development now faced an easier path to approval, according to the outspoken property tycoon.

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Hong Kong property

Sale of US’s Shouson Hill Road property proceeds after Beijing go-ahead

Hong Kong has approved the sale of one of the United States government’s most valuable assets in the city to local developer Hang Lung Properties, after the US state department obtained permission from Beijing.

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The villas at 37 Shouson Hill Road. Photo: May Tse
US-China relations

China thwarts US sale of multimillion-dollar real estate in Hong Kong

The snag is akin to a water-down version of freezing US assets in Hong Kong, said Kevin Tsui, associate professor in the John E. Walker department of economics at Clemson University in South Carolina. “They can use it, but they cannot sell it,” he said.

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China economy

Hong Kong retail landlords bank on their mainland malls for Christmas cheer

Facing a dismal Christmas shopping period at home, some Hong Kong developers are trying to woo big spenders to their upmarket malls in mainland China with extravagant festive displays.

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Hong Kong property

Deals return to Hong Kong’s malls, offices ahead of stamp duty slash

In abolishing the double stamp duty, the government is trying to breathe life into a market where transactions never surpassed 10,000 in any year since.

Hong Kong’s commercial and industrial property transactions more than quadrupled in value this month. Photo: Nora Tam
Art

Under pressure, what does the future hold for Asia Society Hong Kong?

With zero revenue from venue rental and local political divides, Asia Society Hong Kong finds itself in unknown territory as it reaches its 30th anniversary.

Ronnie Chan, chairman of Asia Society Hong Kong, says he has wanted to leave his role since 1999 but also intends to leave the society in good financial condition – something it is struggling with. Photo: Jonathan Wong
US-China decoupling

Tycoon picks up America’s Hong Kong assets at discount as ties fray

“It’s very surprising that the US [government] is willing to sell at this price,” said Vincent Cheung, managing director at Vincorn Consulting and Appraisal.

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Hang Seng Index

Hong Kong stocks slammed by Covid-19 risk, aerospace stocks fuel China rally

Financial and property stocks weigh on the Hang Seng Index as Hong Kong prepares for more Covid-19 cases. Aerospace stocks power the Shanghai bourse, adding to its best gain in 17 months in July.

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The View

Hong Kong big business is stepping up to fight coronavirus. It can do more

Donations of money and supplies have rushed in even as managers rally round to make new work arrangements to contain the virus spread. But more is rightly expected of these conglomerates, which could learn from mainland companies’ efforts.

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People wearing masks walk through the Hong Kong business district of Central on February 19. Given their wealth, resources and organisational heft, conglomerates in Hong Kong ought to be doing much more to contribute to bettering the coronavirus situation. Photo: AP
Retailing

What’s the future of Hong Kong’s luxury stores without Chinese shoppers?

As Hong Kong shut most of its border checkpoints with mainland China to stop the coronavirus outbreak from spreading in the city, the dearth of visitors is upending the local retail industry

Illustration: Kaliz Lee
Banking & finance

Hong Kong’s banks in a vice as they cut rates amid economic slump

HSBC and Standard Chartered are lowering their key prime rates in Hong Kong for the first time since November 2008 to support local businesses, renewing pressure on margins in a city that has crashed into recession.

Hong Kong property

Sun Hung Kai offers rent relief for its struggling mall tenants

At least eight of SHKP’s malls have had to remain shut for days, including World Trade Centre in Causeway Bay and New Town Plaza in Sha Tin.

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Hang Lung Properties
Hang Lung Properties
Hang Lung Properties, formerly Amoy Properties and part of the Hang Lung Group, is a headquartered in Hong Kong and a constituent stock in the blue chip Hang Seng Index. Hang Lung Properties Ltd was incorporated in 1949 and was taken over by Hang Lung Group in 1980. It became the property investment arm of Hang Lung Group Ltd after the group re-organisation in 1987. The company is led by Ronnie Chan.
Chairman / President
Mr. Adriel Chan
CEO / Managing Director
Weber Wai Pak Lo
CFO / Finance Director
Kenneth Ka Kui Chiu
Industry
Property
Website
hanglung.com
Headquarters address
28th Floor, 4 Des Voeux Road Central, Hong Kong
Stock Code
SEHK:00101
Year founded
1960
last updated:
30 September, 2024
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