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.

There will always be a demand for luxury, says Hang Lung boss

Under the leadership of Ronnie Chan Chichung, chairman of Hang Lung Properties, the company has embarked on a HK$92 billion expansion into the mainland’s high-end shopping mall sector. Photo: SCMP

Ronnie Chan Chichung took over as chairman of Hang Lung Properties in 1991 and foresaw the opportunities that would arise with the dynamic economic growth in mainland China.

Wednesday, 6 August, 2014, 3:39am

Hang Lung to build luxury homes next to its malls, office towers

Hang Lung Properties chairman Ronnie Chan is focusing on residential buildings in prime mainland locations. Photo: Edward Wong

Hang Lung Properties plans to develop luxury residential projects next to its high-end shopping malls and grade A office projects on the mainland to maximise its investment return, chairman Ronnie Chan Chichung said.

6 Aug 2014 - 4:52am 1 comment

Hang Lung offers more units at Long Beach

The Long Beach project developed by Hang Lung.

The response yesterday to Hang Lung's release of 40 units at its Long Beach project was so strong that the developer has decided to increase the size of the launch to 80 and adopt a ballot rather than its announced "first come, first served" policy.

28 Oct 2013 - 6:12am

Hang Lung expansion strategy stays on track

Hang Lung chairman Ronnie Chan says investments on the mainland are long-term. Photo: SCMP

In the face of slowing growth worldwide, the mainland's economic prospects in the next five to 10 years were still good, Chan said after the annual general meetings of Hang Lung Properties and its parent firm Hang Lung Group.

19 Apr 2013 - 4:05am

Hang Lung does no evil, says chairman Ronnie Chan

Another conspiracy theory?

Ronnie Chan Chichung has been waxing lyrical about the virtues of Hang Lung Properties. In his chairman's letter to shareholders, he discusses the question of guanxi and how the company does business on the mainland.

21 Mar 2013 - 5:20am 1 comment

Hang Lung has no timetable for sale of 1,400-flat stockpile

Ronnie Chan, chairman of Hang Lung Properties, blamed a lack of government land sales for Hong Kong's housing crisis. Photo: Bloomberg

Last year, Hang Lung sold just 117 units - nine at the Harbourside in West Kowloon and 108 at the Long Beach in Tai Kok Tsui - at average prices of HK$32,100 and HK$10,600 per square foot, respectively.

1 Feb 2013 - 5:31am

Hang Lung's aquamarine flats finally go on market

Sun Hung Kai Properties yesterday sold more than 30 units at The Wings II development in Tseung Kwan O, and released a price list for 24 more Wings II units. Photo: Nora Tam

After leaving them empty for five years, Hang Lung Properties yesterday priced 10 flats at its AquaMarine development in Cheung Sha Wan about 15 per cent higher than current secondary transactions in nearby developments.

24 Jan 2013 - 4:58am

Hang Lung Properties boss defends Leung's housing policies

Chief Executive Leung Chun-ying at the annual lunch held at the Hong Kong Convention and Exhibition Centre. Photo: K. Y. Cheng

The chairman of Hang Lung Properties came to the defence of his ally Leung Chun-ying's housing policies yesterday, calling on the public to show patience.

24 Jan 2013 - 4:08am

Wedding joy for 12 happy couples on auspicious date

The 12 couples have a day to remember at The Peak Galleria on 12-12-2012. Photo: SCMP

With marriage registries booked to capacity, property managers were not slow to jump on the bandwagon on this week's auspicious triple-12 date.

14 Dec 2012 - 3:14am

Briefs, December 12, 2012

Le Saunda sees 17pc jump in sales

12 Dec 2012 - 2:58am

Hang Lung Properties sells Stanhope House to AIA for HK$2.4b

AIA Central Building. Photo: Bloomberg

Insurance giant AIA Group is buying Stanhope House in Quarry Bay from Hang Lung Properties for HK$2.4 billion.

With a floor area of 299,615 square feet, the price tag translates into HK$8,003 per square foot.

AIA would use the premises for its "own office usage and investment purposes", the company said in a statement.

7 May 2015 - 3:28pm

Easier now to buy land on mainland, says Hang Lung's boss Chan

Easier now to buy land on mainland, says Hang Lung's boss Chan

Hang Lung Properties, which has HK$65.89 billion in investment on the mainland, is finding local governments more willing to sell land, chairman Ronnie Chan Chichung said.

20 Sep 2012 - 10:37am

HK developers starting to reap mainland rewards

HK developers starting to reap mainland rewards

Hong Kong developers' earnings from their mainland projects have started taking off, and the profit contribution from these sources will continue to grow, according to analysts.

In the half-year reporting season just ended, local developers reported solid interim earnings, with some posting profit growth of up to 40 per cent.

17 Sep 2012 - 2:15am

Hang Lung to shed more HK assets in profit drive

Developer Hang Lung Properties said it would continue to sell its non-core properties in Hong Kong, with the mainland offering better returns and lower risks than the local market.

15 Aug 2012 - 10:47pm

Hang Lung to cash in at Long Beach

Five years after it sold flats at Long Beach in West Kowloon for the last time, Hang Lung Properties yesterday said it would sell another 108 flats there - this time at its Tower 8.

The average price of the flats would be HK$10,580 per sq ft, the company said. Prices of second-hand flats at the same project are going for between HK$8,700 and HK$11,000 per sq ft.

15 May 2012 - 12:00am