Hang Lung Properties Limited, one of the top 10 brands of commercial real estate, a well-known brand in the Hong Kong real estate industry, a listed company, a large Hong Kong real estate company that entered the mainland earlier, and the world's largest pure real estate and high-end commercial real estate development operator
Hang Lung Properties Limited (Stock Code: 101) is the real estate arm of Hang Lung Holdings Limited (Stock Code: 10), which has been building, owning and managing world-class commercial complexes in major cities in Mainland China since the 1990s, in addition to its diversified real estate business in Hong Kong. Hang Lung Properties is one of the largest enterprises in Hong Kong, and is a constituent stock of the Hang Seng Index and the Hang Seng Corporate Sustainability Index.
Founded on September 13, 1960 by Mr. Chan Tsang Hei, the parent company of Hang Lung Properties, Hang Lung Group has grown into a major real estate developer in Hong Kong. Hang Lung Properties has since built a reputation for building a number of large-scale housing estates along the MTR. In the early 80s, Hong Kong was plagued by sovereignty issues and the property market was in a slump, but Hang Lung's prudent management allowed the company to make a smooth transition despite the fact that the business was "once silent", as the chairman later pointed out. So far, most of Hang Lung's business has been focused on Hong Kong.
With years of experience and achievements in developing and managing properties in Hong Kong, Hang Lung Properties has built two landmark properties in Shanghai, namely Hang Lung Plaza and Grand Gateway Hang Lung Plaza. The tax revenue generated by these two properties is the highest among commercial properties in Shanghai and the country, and the achievements are unparalleled. In addition, Hang Lung Plaza is home to some of the world's top fashion products and high-end consumer brands, making it a household name in the Mainland.
The success of the Shanghai project has become a stepping stone for Hang Lung Properties to build high-quality mixed-use commercial projects in other cities in mainland China. Since then, the firm has pursued a unique strategy of acquiring large-scale land parcels in prime locations in economically dynamic cities, partnering with leading architects to create world-class commercial complexes with state-of-the-art sustainable facilities, focusing on shopping malls, and providing excellent management services.
Hang Lung Properties has a presence in Shenyang, Jinan, Wuxi, Tianjin, Dalian and Kunming, and in February 2013, it won a prime land parcel in Wuhan, Hubei Province, with its mainland projects named "Hang Lung Plaza". Following the opening of Hang Lung Plaza in Jinan, Hang Lung Plaza in Shenyang and Hang Lung Plaza in the past few years, Hang Lung Plaza, another of the Group's world-class investment properties in Wuxi, was grandly opened in September 2013. Hang Lung Properties' operations have evolved from a two-city model to a multi-city model, and will gradually develop into a large-scale and outstanding national commercial real estate enterprise with further expansion in the coming years.
Internationally recognised as one of the world's leading real estate developers, Hang Lung's achievements in the Mainland have clearly made it stand out from its peers and have been praised by sophisticated investors as the most resilient company. With its forward-looking Board leadership, solid financial position, highest standards of corporate governance, and outstanding and professional management, Hang Lung Properties is well positioned to capture the opportunities arising from the rapidly changing global economic environment.
