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.
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.Wednesday, 6 August, 2014, 4:52am 1 comment
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.6 Aug 2014 - 3:39am
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
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
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
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
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
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
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
Le Saunda sees 17pc jump in sales12 Dec 2012 - 2:58am
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.20 Oct 2012 - 3:14am
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
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
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
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