Hysan Development
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Hysan Development

Hysan Development
Hysan Development
Hysan Development is a property investment, management and development company with extensive properties in Causeway Bay, where the company is the largest commercial landlord. It listed on the Hong Kong Stock Exchange in 1981.
The Ultima complex on Fat Kwong Street in Ho Man Tin. Photo: Handout
Hong Kong property

‘No acne’ salon boss snaps up US$19.58 million Ho Man Tin luxury duplex

The director behind Hong Kong’s “no acne” salon has bought into the Ultima development, putting a fresh face on the city’s luxury market.

Hong Kong property

Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

Hong Kong property

Tomson Group’s Charles Tong buys US$14.4 million Hong Kong home

Hong Kong property

Former Alibaba head Zhang Yong joins Hong Kong’s upscale home buying spree

Upmarket deals hit a 10-month high as investor scheme draws buyers, with nearly 80 pricey purchases in first 20 days of October.

Zhang Yong, former chairman and CEO of Alibaba, is among the latest buyers of a luxury home in Hong Kong. Photo: Winson Wong
Hong Kong property

Hong Kong developer Great Eagle’s executives jointly acquire US$1.5 million flat

Rising Thrive, an entity linked to Great Eagle’s executives, bought a 773 sq ft flat in Grand Mayfair in Kam Tin South.

Hong Kong property

High-profile property sales add to Hong Kong’s market momentum

The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang.

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Hong Kong property

Hysan sells Mid-Levels flats to Lee family members for HK$133 million

The divestment is part of Hysan’s broader capital recycling strategy, taking advantage of a recovery in the city’s residential market.

The Bamboo Grove complex on Kennedy Road, Mid-Levels. Photo: Google Map
Hong Kong property

Mandarin Oriental confirms talks to sell top floors of One Causeway Bay

The hotel operator says it is discussing a potential sale of the prime space in the site formerly occupied by The Excelsior.

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Building on Hysan’s Legacy

Building on a century of vision: Irene Lee’s leadership at Hysan Development

Redefining a sustainable community at Lee Gardens in Causeway Bay.

In partnership with:
Hysan Development
Hong Kong property

High-end office properties in Causeway Bay to lure major global tenants: JLL

‘Trophy buildings with large floor plates in Causeway Bay will be the new focus of the market and will draw more tenants,’ JLL says.

Paul Yien, the executive director for office leasing advisory at JLL. Photo: Handout
Hong Kong property

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Skyscrapers in Hong Kong’s Central district. Photo: Shutterstock
Hysan celebrates a centenary

Hong Kong’s Hysan celebrates more than a century of shaping the city’s growth

The company marked this achievement with a gala dinner, welcoming more than 200 guests to honour the past and embrace the future.

In partnership with:
Hysan
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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New World Development

Prada to open huge outlet in Hong Kong’s K11 Musea after years of downsizing

The two-storey outlet in New World’s harbourfront luxury mall will be the Italian brand’s first in Hong Kong since it closed its flagship store in Causeway Bay in 2020.

Prada operated its Hong Kong flagship store in Causeway Bay until 2020. Photo: Martin Chan
Hong Kong property

Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over sector in 2024

Sino Land and Hysan Development, two major Hong Kong property developers, expect ‘uncertainties’ to continue to affect the city’s real estate market, they said in their latest financial reports on Thursday.

A man sunbaths in Hong Kong’s To Kwa Wan Recreation Ground. As the world continues to recover from the coronavirus pandemic, the outlook for Hong Kong’s property sector remains cloudy. Photo: Sam Tsang
Hong Kong property

Hong Kong’s retail sector revives: top landlords report growth among tenants

Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue. However, the office market lags as high vacancy rates persist.

Hong Kong property

Hysan cautious on Hong Kong’s retail, office markets after posting profit drop

Hong Kong’s retail sector is yet to see full impact of the border reopening, while a supply glut will weigh on the office market, Hysan Development’s executives say.

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Hong Kong property

Hysan earmarks US$256 million to upgrade Lee Gardens into ‘home of luxury’

Hysan Development will spend HK$2 billion (US$256.2 million) to upgrade its Lee Gardens commercial portfolio in Hong Kong’s Causeway Bay and turn it into a one-stop luxury shopping destination.

An artist’s impression of Hysan Development’s proposed upgrade to its HK$90 billion Lee Gardens portfolio in Hong Kong’s Causeway Bay. Photo: Handout
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

Hong Kong’s tough Covid restrictions hit Hysan’s first-half profit

The outlook remains uncertain due to global economic woes, says Hysan’s Irene Lee, adding that Hong Kong needs to ease travel rules to maintain hub status.

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Hong Kong property

Hong Kong builders sweeten financing terms for luxury homes as deals drop

Hong Kong’s property developers are extending favourable finance terms to luxury home deals, after big-ticket sales declined by almost half in July.

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HKR International and Hysan Development’s Villa Lucca luxury residential project in Tai Po. Photo: Handout
Alibaba

Alibaba appoints two new directors as it seeks Hong Kong primary listing

Alibaba has appointed Irene Lee Yun-lien, chairwoman of Hysan Development, and Albert Ng Kong-ping, former chairman of Ernst & Young China, to its board as it seeks to elevate its status on the Hong Kong bourse.

The logo of Alibaba Group seen on the trading floor at the New York Stock Exchange on August 3, 2021. Photo: Reuters
Hong Kong property

Urbanites get a taste of farm life atop Hong Kong skyscraper

A high-rise office tower in Hong Kong’s bustling shopping district of Causeway Bay lets people grow their own aubergines and taros on a rooftop farm.

Hong Kong property

CK Asset unit wins To Kwa Wan residential site for US$767 million

Centenary Investments Limited, a wholly-owned subsidiary of CK Asset Holdings, won two adjoining sites about eight minutes walk to the To Kwa Wan MTR Station for HK$5.99 billion (US$767.3 million), the Urban Renewal Authority said. The price was lower than the market expectation of HK$6 billion to HK$6.8 billion.

Hong Kong property

Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead

Two of Hong Kong’s biggest property developers and retail landlords have posted declining results and foresee more challenges ahead, as the city’s social distancing rules keep consumers away from shopping centres.

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Hysan Development’s Hysan Place shopping centre in Hong Kong’s Causeway Bay district. Photo: Dickson Lee
Hong Kong property

Explainer | After Henderson Land record, 5 other most expensive land sales in Hong Kong

Hong Kong – one of the most-expensive real estate markets in the world – has consistently set record land sale prices in recent years.

Construction at the old Murray Road multi-storey car park building site in Central. Henderson Land bid HK$23.28 billion for the plot in May 2017. Photo: Roy Issa
Cheung Kong

Hysan says it wants to create another Lee Gardens with Shanghai buy

Hysan is betting on the development potential of the up-and-coming East Siwenli neighbourhood in Shanghai.

Hong Kong property

Retail rents to rise as Hong Kong’s consumption vouchers boost sales, says Hysan

Sales and footfall in shopping centres have increased with the government’s distribution of HK$5,000 (US$642.56) consumption vouchers to each Hongkonger this month ,and the easing of local Covid-19 cases.

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