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Hongkong Land

Hongkong Land
Hongkong Land
The latest news, analysis and opinion on Hongkong Land. In-depth analysis, industry insights and expert opinion.
The Exchange Square in Central, home to the city’s stock market operator Hong Kong Exchanges and Clearing. Photo: Nathan Tsui
Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

Hong Kong property

Hong Kong office landlords ‘defensive’ amid supply glut, relocations

Old Hong Kong

How one man’s fascination with an abandoned building created the Fringe Club

Hong Kong property

Cautious bids expected for second try at Hong Kong land sale

MTR Corp’s tender for a Tung Chung site follows a senior government official’s call for developers to show faith in Hong Kong’s future.

A train passes by a construction site of MTR Corporation’s extension of the Tung Chung Line on Lantau Island on October 22, 2024. Photo: Elson Li
Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

Hong Kong property

Hongkong Land seeks US$10 billion from asset reshuffle, eyes high-end market

Strategic pivot aims to ‘ultimately’ double its profit before interest and tax and grow its assets under management to US$100 billion by 2035.

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Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Interest rates

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

Hong Kong property

Hongkong Land net loss widens 150% amid weak sales of mainland projects

The biggest landlord in Hong Kong’s Central district said its underlying loss was US$7 million for the first half after a US$295 million provision for development properties in mainland China.

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Art

Sotheby’s Maison opens at Landmark Chater with 2 exhibitions and even a Banksy

The space’s floors are hosting ‘Bodhi: Masterpieces of Monumental Buddhist Art’ and ‘Ice: Two Masterworks on Loan from the Long Museum’ – as well as Banksy’s infamous Girl Without Balloon

Exhibits in the “Bodhi: Masterpieces of Monumental Buddhist Art” show at at Sotheby’s Maison, in Landmark Chater, Central. Photo: Sotheby’s Maison
Hong Kong property

Hong Kong retail ‘malaise’ to persist amid ‘structural changes’ in spending

Retail sales will remain under pressure this year after declining 6 per cent year on year in the first five months, and only retailers that adapt to changing spending patterns will thrive, says S&P Global Ratings.

Pedestrian crossing a road in Hong Kong’s Causeway Bay neighbourhood on July 2, 2024. Photo: Sam Tsang
Business of climate change

Green building guru: Hong Kong needs ‘carrots and sticks’ to meet carbon goals

City must encourage retrofitting or replacement of old ‘carbon-hog’ buildings and accelerate adoption of construction materials with lower ‘embodied’ carbon, says World Green Building Council founder David Gottfried.

Hong Kong property

Hong Kong CEOs to focus on finances, sustainability in 2024 amid property stress

CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.

Hong Kong property

Hong Kong luxury retail sector likely to rebound in 2024 as brands return

Hong Kong’s luxury retail market is likely to regain some lost ground in 2024, say observers, as high-end brands return after an exodus sparked by 2019’s street protests and three years of pandemic restrictions.

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Industry observers are split about the pace and scale of recovery in luxury retail. Photo: Sam Tsang
Hong Kong property

Harvey Nichols to leave Landmark mall in Hong Kong’s Central after 18 years

The London-headquartered multibrand luxury retailer will close its doors in March, after deciding to give up its lease for 60,000 sq ft of space in the upscale mall.

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Harvey Nichols has been a fixture in the Landmark shopping mall in Central since 2005. Photo: Handout
Hong Kong property

Hongkong Land appoints Singapore-based Mapletree’s Michael Smith as CEO

Smith will succeed Robert Wong, who has been Hongkong Land’s CEO since 2016. Wong will stay on as a senior adviser to ensure a smooth leadership transition.

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Kate Middleton

Kate Middleton’s family links to Hong Kong, from marshmallows to romances

Kate Middleton’s two siblings both have links to Hong Kong – here’s everything you need to know about James’ marshmallow venture and Pippa’s former fling with a local banking heir

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SCMP’s 120th anniversary

Here are a few Hong Kong companies that began before the Post in 1903

At least a dozen of those companies that preceded the 1903 birth year of the South China Morning Post remain to this day.

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A.S. Watson chemist in Alexandra House, Central, in the early 20th century. Photo: courtesy AS Watson
Hong Kong property

Hongkong Land’s Jardine House: iconic witness to 50 years of city’s history

The stories behind the distinctive round windows and the unobstructed harbour view of what was once the tallest building in Hong Kong.

Business of climate change

Hongkong Land joins push to decarbonise the city’s office buildings

It is the latest developer to launch an initiative that forms part of an industry-wide decarbonisation push aimed at helping the city reach its climate targets.

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Hong Kong environmental issues

Hong Kong ombudsman to investigate actions taken against unauthorised developments

Planning and lands departments receive about 1,500 complaints about unauthorised developments every year.

The Ombudsman has announced an investigation to examine enforcement actions against unauthorised developments. Photo: The Ombudsman
Robotics

Israeli firm’s AI-powered robots able to ascend and clean Hong Kong skyscrapers

Tel Aviv-based Verobotics expects to have more than 50 of its lightweight, artificial intelligence-powered cleaning robots deployed in the city by the end of next year.

A close-up shot of the nine-kilogram, artificial intelligence-powered cleaning robot from Verobotics during a test on the facade of a high-rise building. Photo: Handout
China property

Hongkong Land’s ambitious Shanghai project reposes faith in China property

Hongkong Land’s new development in the Shanghai bund area is part of the company’s commercial portfolio strategy in fast-growing mainland Chinese cities, which over the next five years will see the launch of 10 new projects in seven cities.

China property

First cable car across Shanghai’s Huangpu River to be completed in three years: official

The project will be developed by property developer Hongkong Land, China Travel Service (Hong Kong) and West Bund, which is backed by the government of Shanghai’s Xuhui district.

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China property

Shanghai’s Xuhui district entices Hong Kong businesses, developers

The centrally located and historically significant district offers up to US$2.5 million in subsidies for Hong Kong businesses and professionals, and welcomes bids on 2 million square metres of land.

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A view of Xujiahui commercial and shopping District in the Xuhui district of Shanghai in 2020. Photo: Shutterstock
Hong Kong property

Sluggish Hong Kong office-rental market shows signs of picking up

Agents are fielding more leasing enquiries as companies upgrade and consolidate, and rents are expected to edge up by the end of the year, according to market players.

The reopening of the border with mainland China has resulted in a significant increase in enquiries, according to Hongkong Land, Central’s biggest landlord. Photo: May Tse
Hong Kong national security law

Hong Kong developers dismiss fears over national security clauses in land documents

Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches

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Hong Kong property

Swire Properties, Hongkong Land say end of Covid curbs to boost city’s outlook

Global businesses will refocus on Hong Kong as more Covid-19 restrictions are relaxed while an expected reopening of the border with mainland China helps retain its hub status, some commercial landlords say.

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