Hang Lung's NET•WORK Captures New Office Demand Wave: Landlord-Managed Space Hits 70% Occupancy
(From left) Mr. Mikael Jaeraas, Senior Director – Retail and Hong Kong Business Operation, and Ms. Helen Lau, Deputy Director – Hong Kong Business Operation, at the launch event of NET•WORK, showcasing its key features.
NET•WORK represents the connection, a hub for businesses to grow, and for people to connect and be inspired
NET•WORK's versatile, well-appointed venues provide the perfect setting to forge connections and showcase businesses
One membership, dual access : Privileges across NET•WORK (Hong Kong) and HANGOUT (mainland China)
: Privileges across NET•WORK (Hong Kong) and HANGOUT (mainland China) Exclusive leasing offers for offices, retail spaces, and serviced apartments within Hang Lung's Hong Kong and Mainland properties
for offices, retail spaces, and serviced apartments within Hang Lung's Hong Kong and Mainland properties hello program benefits: Members can enjoy exclusive dining experiences at Michelin-starred restaurants within our Central portfolio, earning hello points redeemable for premium rewards through the hello Hang Lung Malls Rewards Program.
All workstations are equipped with ergonomic chairs and height-adjustable desks featuring USB-C monitor compatibility
HONG KONG SAR - Media OutReach Newswire - 14 May 2025 - Hang Lung Properties Limited (SEHK Stock Code: 00101) (the "Company" or "Hang Lung") is pleased to announce the launch of NET•WORK, a premier coworking space in the heart of Central, Hong Kong. As Hong Kong continues to strengthen its status as an international financial center, NET•WORK's vibrant and flexible office spaces have attracted financial institutions, professional services firms, and TMT (technology, media, and telecom) companies, achieving 70% occupancy during the soft-launch period.Mr. Herman Chui, Senior Director – Office, Hotel & Residence of Hang Lung Properties, said, "Hang Lung Properties creates compelling spaces that enrich lives. NET•WORK was created to connect people and business communities, serving as a space where work and life will find the ultimate balance. Strategically located within Central's iconic Standard Chartered Bank Building, NET•WORK embodies our vision is to become a premium and leading flexible business solution provider. From eco-friendly building materials and energy saving facilities to air quality management and control, NET•WORK sets itself apart with its full commitment to sustainability and supporting our community. NET•WORK provides professional 'turn-key' solutions in which the hassle of fitting out no longer exists. While market challenges persist, Hong Kong has a key role to play, not only as an integral part of the Greater Bay Area, but also as Asia's premier financial hub. NET•WORK's achievement of strong occupancy within months since its soft launch validates the market demand for centrally located, quality and flexible business solutions. Building on the success of HANGOUT, the Company's branded multifunctional workspace in mainland China, we expect our flexible business solutions to generate even more cross-border opportunities going forward."The name NET•WORK represents the connection, a hub for businesses to grow, and for people to connect and be inspired. Ergonomically designed and tastefully decorated, the 13,000-square-foot NET•WORK offers bespoke, functional and sophisticated spaces ideal for fast growing enterprises, entrepreneurs, and client meetings. It features dedicated private offices and dynamic shared spaces, including 27 private offices, 212 workstations, and professional conference facilities. The space has already established itself as a nexus for high-value business connections, having hosted multiple networking events.Members of NET•WORK can enjoy unparalleled benefits within the Hang Lung portfolio, which comprises offices and retail spaces across the border:With NET•WORK, Hang Lung reaffirms its commitment to redefining workplace innovation, strengthening Hong Kong's position as Asia's premier commercial hub and setting a new benchmark for corporate excellence.Hashtag: #HangLung
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the '66' brand, the company's Mainland portfolio has established its leading position as the 'Pulse of the City'. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.
At Hang Lung Properties – We Do It Well.
For more information, please visit www.hanglung.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
8 hours ago
- New Straits Times
China's rare earth dominance reshapes trade war battlefield
China has signalled for more than 15 years that it was looking to wea-ponise areas of the global supply chain, a strategy modelled on longstanding American export controls Beijing views as aimed at stalling its rise. The scramble in recent weeks to secure export licences for rare earths, capped by Thursday's telephone call between US and Chinese leaders Donald Trump and Xi Jinping, shows China has devised a better, more precisely targeted weapon for trade war. Industry executives and analysts say while China is showing signs of approving more exports of the key elements, it will not dismantle its new system. Modelled on the United States' own, Beijing's export licence system gives it unprecedented insight into supplier chokepoints in areas ranging from motors for electric vehicles to flight-control systems for guided missiles. "China originally took inspiration for these export control methods from the comprehensive US sanctions regime," said Zhu Junwei, a scholar at the Grandview Institution, a Beijing-based think tank focused on international relations. "China has been trying to build its own export control systems since then, to be used as a last resort." After Thursday's call, Trump said both leaders had been "straightening out some of the points, having to do mostly with rare earth magnets and some other things". He did not say whether China committed to speeding up licences for exports of rare earth magnets, after Washington curbed exports of chip design software and jet engines to Beijing in response to its perceived slow-rolling on licences. China holds a near-monopoly on rare earth magnets, a crucial component in EV motors. In April, it added some of the most sophisticated types to an export control list in its trade war with the US, forcing all exporters to apply to Beijing for licences. That put a once-obscure department of China's commerce ministry, with a staff of about 60, in charge of a chokepoint for global manufacturing. Several European auto suppliers shut down production lines last week after running out of supplies. While China's April curbs coincided with a broader package of retaliation against Washington's tariffs, the measures apply globally. "Beijing has a degree of plausible deniability — no one can prove China is doing this on purpose," said Noah Barkin, senior adviser at Rhodium Group, a China-focused US think tank. "But the rate of approvals is a pretty clear signal that China is sending a message, exerting pressure to prevent trade negotiations with the US leading to additional technology control." Even if the pace of export approvals quickens as Trump suggested, the new system gives Beijing unprecedented glimpses of how companies in a supply chain deploy the rare earths it processes, European and US executives have warned. Other governments are denied that insight because of the complexity of supply chain operations. For example, hundreds of Japanese suppliers are believed to need China to approve export licences for rare earth magnets in coming weeks to avert production disruptions, said a person who has lobbied on their behalf with Beijing. "It's sharpening China's scal-pel," said a US-based executive at a company seeking to piece together an alternative supply chain.. As early as 1992, former Chinese leader Deng Xiaoping was quoted as saying, "The Middle East has oil, China has rare earths". Beijing's landmark 2020 Export Control Law broadened curbs to cover any items affecting national security — from critical goods and materials to technology and data. China has since built its own sanctions power while pouring the equivalent of billions of dollars into developing work-arounds in response to US policies. In 2022, the US put sweeping curbs on sales of advanced semiconductor chips and tools to China over concerns the technology could advance Beijing's military power. But the move failed to halt China's development of advanced chips and artificial intelligence, analysts have said. Beijing punched back a year later by introducing export licences for gallium and germanium, and some graphite products. Exports to the US of the two critical minerals, along with germanium, were banned last December. In February, China restricted exports of five more metals key to the defence and clean energy industries.
Free Malaysia Today
15 hours ago
- Free Malaysia Today
US, Chinese officials exchange barbs at Shanghai event over trade
The US consul general in Shanghai said US-China economic ties have remained unbalanced and non-reciprocal for too long. (EPA Images pic) SHANGHAI : US and Chinese officials traded barbs at a celebration held by a US business chamber in Shanghai on Friday, as the chamber appealed to both countries to provide more certainty to American businesses operating in China. Scott Walker, consul general of US consulate in Shanghai, told a gathering of US businesses aimed at celebrating the 110th anniversary of the American Chamber of Commerce (AmCham) in Shanghai that the US-China economic relationship had been unbalanced and non-reciprocal 'for far too long.' 'We want an end to discriminatory actions and retaliation against US companies in China,' he said. In a speech that directly followed Walker's, Chen Jing, a Shanghai Communist Party official who is also the president of the Shanghai People's Association for Friendship with Foreign Countries, countered Walker's view. 'I believe the consul general's view is prejudiced, ungrounded and not aligning with the phone call of our heads of states last night,' he said. The interaction reflects the continued strained relationship between both countries as the trade war continues to simmer. US President Donald Trump and Chinese leader Xi Jinping spoke over a long anticipated call on Thursday, confronting weeks of brewing trade tensions and a battle over critical minerals. Trump later said they agreed to further talks. It came in the middle of a dispute between Washington and Beijing in recent weeks over 'rare earths' minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies. The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration but the deal has not addressed broader concerns that strain the relationship and Trump has accused China of violating the agreement. Eric Zheng, president of AmCham Shanghai which counts over 1,000 companies among its membership, told reporters on the sidelines of the event that many companies had put their decision-making on pause due to the uncertainty. 'People are looking for some more definitive, durable statements on both sides that enable businesses to feel more secure,' he said. 'Our number one ask from the two governments is to give us some certainty so that we can plan accordingly.'
The Star
17 hours ago
- The Star
Bursa Malaysia seen trading between the 1,500 and 1,530 level this week, pending fresh catalysts
KUALA LUMPUR (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is set to trade between 1,500 and 1,530 points from Monday (Feb 9) onwards, pending fresh market catalysts, said an analyst. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said market attention is anticipated to revolve around several important economic indicators, such as China's May consumer price index (CPI), producer price index (PPI), and its unemployment figures. Investors will also monitor the US CPI and PPI for May, and industrial output from the Eurozone for April. "Domestically, the lack of market-moving news has kept the benchmark index in consolidation, and this is expected to carry over into the coming week,' he added. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said investors would also be monitoring South Korea's unemployment rate, Japan's first-quarter gross domestic product (GDP) revision, and India's CPI - all of which could influence sentiment across the region. While it remains difficult to adopt a fully constructive view at this juncture, he reckons downside risks to the FBM KLCI may be partially cushioned by undemanding valuations and continued ringgit strength. "That said, while Malaysian stocks may currently be undervalued, offering attractive entry points, a strengthening ringgit against the US dollar could increase the cost of entry for foreign investors, potentially raising the risk premium due to reduced competitiveness of export-oriented sectors,' he added. For the shortened week just ended, Bursa Malaysia was mostly lower on profit-taking, mainly due to cautious sentiment on the US-China trade talks and a lack of positive economic figures from the two countries. Bursa Malaysia Bhd and its subsidiaries were closed on Monday, June 2, 2025, in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia. On a Friday-to-Friday basis, the barometer index fell 27.03 points to 1,508.35 from 1,508.35 a week earlier. The FBM Emas Index gained 55.54 points to 11,355.34, the FBMT 100 Index added 62.69 points to 11,123.69, and the FBM Emas Shariah Index climbed 72.96 points to 11,329.22. The FBM 70 Index picked up 95.06 points to 16,296.57, but the FBM ACE Index fell 31.71 points to 4,519.32. Across sectors, the Financial Services Index narrowed 132.23 points to 17,708.31, the Industrial Products and Services Index was 1.85 points easier at 150.80, and the Energy Index gained 10.41 points to 718.45. The Plantation Index grew 45.00 points to 7,252.85, but the Healthcare Index weakened 22.81 points to 1,794.14. Turnover fell to 9.80 billion units worth RM8.18 billion from 14.80 billion units valued at RM12.78 billion in the preceding week. The Main Market volume shrank to 4.50 billion units valued at RM7.21 billion against 7.21 billion units worth RM11.50 billion. Warrant turnover declined to 4.07 billion units worth RM533.43 million versus 5.90 billion units worth RM721.75 million a week ago. The ACE Market volume weakened to 1.22 billion units valued at RM432.22 million compared with 1.66 billion units worth RM543.90 million. - Bernama
