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Henderson Landi

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. 

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New home sales in Hong Kong stuttered slightly on Friday, with buyers giving a lukewarm response to Henderson Land Development’s latest project in Tai Kok Tsui.

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The developer of Belgravia Place says it will launch 7,100 new homes this year, 5 per cent fewer than the 7,655 units offered in 2023. The firm reported flat underlying profit of US$1.2 billion last year.

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Homebuyers flocked to a second round of sales at Henderson Land Development’s Belgravia Place project on Thursday amid expectations that first-hand sales are likely to hit a 40-month high in March.

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

All 138 units available in the first round of sale were bought by 3.30pm, within four hours of the launch. The sale attracted 4,400 expressions of interest, or more than 30 buyers for each available unit.

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Designed by Zaha Hadid Architects, new 36-storey skyscraper The Henderson in Hong Kong’s Central business district is hard to ignore – we find out why the building looks like it does.

China’s biggest sportswear maker Li Ning’s purchase of a US$282 million mixed office and retail building to house its headquarters in Hong Kong, is a shot in the arm for the city’s slowing office property market.

Cities in Asia-Pacific are staring at an ‘unprecedented shortage’ of sustainable office buildings over the next five years as companies strive to meet their net zero targets, according to JLL.

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More than 107,000 households staying in subdivided flats, with Henderson Land and Centre Stage Squarer among those offering temporary housing relief.

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Sino Land outbid its rivals with a winning price of HK$5.3 billion for a plot of land in Hong Kong’s Kai Tak neighbourhood, which some analysts said was conservative given the stagnating economic environment.

Swiss luxury watch brand Audemars Piguet became the latest tenant to sign up for space at The Henderson in Central, lifting the occupancy of Henderson Land’s flagship commercial building to about 50 per cent.

Hong Kong’s property developers responded strongly to a tender invitation for a plot of land in Kai Tak, after some analysts had expected it to be withdrawn because of the constraints.

Some of Hong Kong’s biggest developers have lined up sales of residential projects with revised price lists, using CK Asset’s Coast Line as a benchmark to attract cautious buyers.

Hong Kong firms are well-placed to take advantage of opportunities given the crisis facing their mainland rivals, but the economic situation warrants caution, analysts say.

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Henderson Land sold seven out of every 10 units on offer at its Henley Park development in Kai Tak despite downward pressure in the city’s home market ahead of interest rate hikes.

Mall operators including Link Reit, Swire Properties, Henderson Land and Sun Hung Kai Properties believe EV chargers will help attract wealthy local shoppers as tourist spending continues to lag.

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Kevin Ching, the CEO of Sotheby’s in Asia until 2021, is joining his former competitor as Asia chairman as Christie’s prepares to move its Asia headquarters in Hong Kong to a bigger space in Central.

Henderson Land said in an exchange filing that the decrease in underlying profit was partly due to an attributable gain of HK$1.8 billion, which was recognised in the previous year.

The supply of new homes could more than double compared with this year, driving developers to slash prices by 10 per cent or more to attract buyers amid historically high interest rates, analysts say.

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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