Henderson Land Development

Henderson Land Development Co. Ltd. (HK stock code 0012) is a Hong Kong-based property company and constituent of the benchmark Hang Seng Index. Henderson Land focuses on property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and infrastructure. 

Peering into the property market crystal ball for the year ahead

A fortune teller is not necessary to discern omens of developments in Hong Kong's property market. Photo: Nick Otto

Many people turn to fortune-telling books at the beginning of the year for insight on the year ahead.

Monday, 3 February, 2014, 11:52am 2 comments

Lee Shau-kee's billions unlikely to rally Henderson Land shares

Henderson Land chairman Lee Shau-kee.

Henderson Land chairman Lee Shau-kee may plough his share of the proceeds from a HK$3 billion stock sale into the property firm at the centre of his empire but that is unlikely to spur a rally of its shares.

4 Oct 2013 - 3:04am

Henderson boss stays hopeful as profit falls

The Reach helped boost the attributable sales revenue of Henderson's major projects to HK$5.56 billion at the end of June. Photo: Sam Tsang

Excluding property revaluation gains, profit for the six months to June dropped to HK$3.45 billion from HK$3.59 billion last year. Underlying earnings per share amounted to HK$1.30.

23 Aug 2013 - 5:30am

Legacy's on his mind as Lee takes his critics to task

Lee Shau-kee. Photo: Sam Tsang

Trick" or "treat"? That is the question that has been playing on people's minds ever since Lee Shau-kee offered to donate rural land to the government to build HK$1 million homes for young people.

6 Jul 2013 - 3:30am 5 comments

Henderson chief to give land for flats

Lee Shau-kee

Henderson Land Development chairman Lee Shau-kee has offered two plots of farmland in the New Territories to the government to build affordable housing for young people.

6 Jun 2013 - 3:47am

Henderson chief sees home prices steadying

Chairman Lee Shau-kee, at Henderson's annual general meeting yesterday, says developers' profits will be squeezed. Photo: Sam Tsang

"In the past few years, annual flat supply was about 10,000 units. In the next few years, annual supply will jump to 20,000 units," Lee told reporters at the firm's annual general meeting. The doubling of supply would bring the increase in home prices back to a reasonable level and squeeze developers' profits, he said.

4 Jun 2013 - 3:57am 1 comment

Henderson Land, New World price flats at The Reach in Yuen Long

Construction site of The Reach, a residential project jointly developed by Henderson Land and New World Development in Yuen Long. Photo: May Tse

The flats at The Reach were offered at HK$10,086 per square foot of saleable area, meaning the firms are asking from HK$3.55 million to HK$8.19 million per flat, as their saleable area ranges from 355 sq ft to 659 sq ft.

22 May 2013 - 5:29am

The HK$1 million first-home question

Lee Shau-kee has a plan for first-time buyers. Photo: K.Y. Cheng

When Lee Shau-kee, the chairman of Henderson Land Development, said in January he would consider building homes and selling them for HK$1 million each to young buyers, my friends were ecstatic and thought hard about how they could qualify to buy one of them.

30 Apr 2013 - 4:29am 1 comment

Henderson Land posts 28pc rise in profit

Sales at Henderson's projects, including The Reach in Yuen Long, are likely to continue to be profitable for the firm this year. Photo: Sam Tsang

Henderson Land Development posted a 28 per cent increase in its underlying profit to HK$7.1 billion for last year, in line with market expectations. Analysts expect to see a positive result in 2013 but the earnings in coming years are subject to the outlook of the property sector, which has been clouded by policy uncertainties.

26 Mar 2013 - 5:01am

Hong Kong Ferry braves new property curbs with Green Code homes launch

Henderson executives at the Green Code briefing. Photo: Edward Wong

The subsidiary of Henderson Land Development said yesterday that it would put the Green Code project on the market next month after obtaining sales consent from the government, which it expects shortly.

27 Feb 2013 - 5:42am

Developers extend rally amid absence of curbs

Midland is also among the beneficiaries from Leung Chun-ying's policy address. Photo: Edward Wong

Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive.

Cheung Kong, Sun Hung Kai Properties and Henderson Land Development rose between 0.5 per cent and 1 per cent as analysts expected home sales transactions to pick up now.

18 Jan 2013 - 5:27am

Many problems for potential development in New Territories

Lee Shau-kee

Property analysts say implementing a proposal by Lee Shau-kee, chairman of Henderson Land, to build low-priced homes in the New Territories will not be easy.

9 Jan 2013 - 3:26am

Henderson Land considers building HK$1m flats

The Wings II flats are cheaper than was expected. Photo: Nora Tam

Henderson Land Development chairman Lee Shau-kee said his company will consider building low-priced homes in the New Territories costing HK$1 million each, as long as the government provides them with incentives.

"[If the government] waives land premium charges on farmland modifications, [we] hopefully can build flats of 300 square feet at a price of HK$1 million," Lee said.

7 Jan 2013 - 4:31am

Henderson Land has too many square feet

From 2008 to 2010 Henderson Land expanded its vast holdings of real estate in the mainland, Hong Kong and the New Territories. Photo: K.Y. Cheng

Hong Kong property developer Henderson Land Development has a peculiar problem: too much land. The company is the biggest agricultural land owner in the New Territories and owns millions of square feet of floor area in Hong Kong and the mainland.

29 Oct 2012 - 2:22am

Ailing founder of New World stable, says Lee Shau-kee

Buy property stocks, advises Lee Shau-kee. Photo: K.Y Cheng

Henderson Land Development chairman Lee Shau-kee said his ageing peer Cheng Yu-tung's condition is stable.

"(Cheng) is good," he said.

Cheng, the founder of New World Development, was admitted to hospital last month, just six months after he retired as chairman and executive director of New World Development. He remains there.

16 Oct 2012 - 4:03am