Latest news with #HangLungProperties
Bloomberg
01-08-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: Stocks Decline on Tariff Rate Announcement
Asian stocks fell for a sixth straight session — the longest losing streak this year — as President Donald Trump announced new tariff rates and as solid earnings from megacap tech firms failed to lift broader market sentiment. The MSCI Asia Pacific Index dropped 0.4% at the open while contracts for the S&P 500 also fell by the same amount. Trump will maintain a minimum global tariff of 10%, while imports from countries with trade surpluses with the US face duties of 15% or higher, the White House announced Thursday. We get reaction from Jenny Gordon, Non-Resident Fellow at the Lowy Institute. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on The Asia Trade. Plus - Bloomberg Intelligence says Hang Lung Properties may stabilize retail rental income in mainland China, mainly driven by solid leasing performance of prime shopping malls in Shanghai. Its retail rental revenue on the mainland held steady at 2.4 billion yuan in the first half, with high occupancy rates of Plaza 66 and Grand Gateway 66 at 98% and 99% as of June 30. We speak with Adriel Chan, Chair of Hang Lung Properties.
Yahoo
31-07-2025
- Business
- Yahoo
HK Housing Market Yet to Bottom: Hang Lung's Chan
Hong Kong's residential market is unlikely to have bottomed, according to Adriel Chan, chair of Hang Lung Properties. He also discussed his outlook for commercial property markets in mainland China after the developer reported its first half results. He spoke with Yvonne Man and Avril Hong on "Bloomberg: The China Show." Sign in to access your portfolio
South China Morning Post
09-07-2025
- Business
- South China Morning Post
Hong Kong stocks fall on worries about China's deflationary pressure
Hong Kong stocks fell by the most in nearly three weeks as China's deflationary trend became more entrenched, deepening concerns about the nation's growth prospects. The Hang Seng Index dropped 0.8 per cent to 23,943.42 at 10.13am local time on Wednesday and the Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Henderson Land Development slumped 8.3 per cent to HK$26 after raising HK$8 billion (US$1 billion) from the sale of convertible bonds. Other Hong Kong-based property developers also fell: Hang Lung Properties slid 4 per cent to HK$7.38 and Sun Hung Kai Properties sank 3.6 per cent to HK$89.25. Producer prices on the mainland dropped by 3.6 per cent from a year earlier in June, marking the 33rd straight month of declines, the National Bureau of Statistics said on Wednesday. Consumer prices unexpectedly rose by 0.1 per cent Five companies started trading in Hong Kong. Wuhan Dazhong Dental Medical jumped 17 per cent to HK$23.30, Fortior Technology surged 8.5 per cent to HK$130.80 and Apple supplier Lens Technology added 2 per cent to HK$18.54. Beijing Geekplus Technology fell 2 per cent to HK$16.46 and Beijing Xunzhong Communication lost 0.4 per cent to HK$13.50. Other major Asia-Pacific markets were mixed. Japan's Nikkei 225 slipped 0.1 per cent, Australia's S&P/ASX 200 lost 0.3 per cent and South Korea's Kospi rose 0.5 per cent.
Business Insider
29-06-2025
- Business
- Business Insider
Hang Lung Properties (HLPPF) Receives a Buy from Citi
In a report released on June 27, Cindy Li from Citi maintained a Buy rating on Hang Lung Properties (HLPPF – Research Report), with a price target of HK$7.05. The company's shares closed last Tuesday at $0.84. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Li is an analyst with an average return of -15.8% and a 50.00% success rate. Li covers the Real Estate sector, focusing on stocks such as Country Garden Services Holdings Co, Hang Lung Properties, and Sino Land Co. Hang Lung Properties has an analyst consensus of Moderate Buy, with a price target consensus of $1.01, representing a 20.53% upside. In a report released on June 24, UBS also upgraded the stock to a Buy with a HK$8.40 price target.
Zawya
26-06-2025
- Business
- Zawya
Plaza 66's Pavilion Extension Tops Out, Opening in Second Half of 2026
Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 26 June 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") has achieved a major construction milestone and topped out its Plaza 66 Pavilion Extension in Shanghai. This low-rise, standalone building will expand the complex's retail space by 13% based on leasable floor area, adding a total of 3,080 square meters above ground. The project is set for completion in mid-2026 and opening in the second half of the year. The Pavilion Extension, i.e., Phase 3 of Plaza 66's development, will be seamlessly connected to the existing mixed-use complex which consists of a luxury mall and two premium office towers, currently covering a total gross area of 213,255 square meters of office and retail space in Shanghai's vibrant Jing'an District. The Pavilion Extension also includes around 3,850 square meters of public space along Nanyang Road, enhancing placemaking and creating a vibrant urban destination connecting the community. Pavilion Extension Project: Where Retail Leadership Meets Urban Energy Plaza 66, distinguished by its unparalleled luxury offerings and positioning, is being expanded to cater to the evolving tastes of discerning consumers who are increasingly prioritizing personalized and exceptional experiences. New concepts of retail, dining, wellness and lifestyle, as well as event spaces will be introduced to the Pavilion Extension, further strengthening its appeal as a top-tier lifestyle destination. "This topping out represents a major step in our development strategy in mainland China, which is designed to address new consumption trends and overwhelming interest from retailers seeking to establish a presence at Plaza 66," said Mr. Derek Pang, Senior Director – Mainland Business Operation of Hang Lung Properties. "We are also committed to curating novel experiences that blend emotional engagement with authentic cultural resonance, thereby supporting Shanghai's urban renewal and development as an international consumption city as we continuously upgrade our portfolio. Through the extended Plaza 66, along with our other iconic property in Shanghai, Grand Gateway 66, we strengthen our retail leadership as the Pulse of the City by delivering world-class experiences that capture Shanghai's vibrant spirit." Notes to Editor – Facts of Plaza 66, Shanghai Opening year Phase 1 (Mall and Office Tower 1): 2001 Phase 2 (Office Tower 2): 2006 Phase 3 (Pavilion Extension): Second half of 2026 Total gross floor area Phase 1 and 2: 213,255 square meters Mall: 53,700 square meters Office towers: Approx. 160,000 square meters Phase 3 (Pavilion Extension): 3,080 square meters above ground Number of retail brands More than 145 Phase 1: More than 120 Phase 3: Approximately 25 Sustainability awards and features Phase 1 and 2 "Leadership in Energy and Environmental Design V4.0 Existing Building: Operations and Maintenance – Platinum certification" by the U.S. Green Building Council in 2022 "WELL V2 Core Platinum certification" by the International WELL Building Institute in 2022 100% use of renewable energy since April 2024 Phase 3 Nearly 100% use of low carbon emissions steel for all above ground structural steel (to be manufactured into columns and beams) and reinforcement bars, marking the first commercial real estate project in mainland China and achieving 35% reduction in the steel's embodied carbon compared to conventional steel alternatives Architect and interior design consultant Phase 1 to 3: Kohn Pedersen Fox (KPF) Hashtag: #HangLung #Plaza66 The issuer is solely responsible for the content of this announcement. About Plaza 66, Shanghai Plaza 66 is a landmark mixed-use development located in Shanghai's prestigious Nanjing Road West business district, with a total gross floor area of over 210,000 square meters. The complex features a high-end mall and two Grade A office towers. The mall houses over 120 leading international brands and a diverse array of dining establishments. Its Phase 3 expansion, currently under construction, will add 13% more retail space based on leasable floor area and is scheduled to open in the second half of 2026. The office towers host approximately 100 tenants, including the China headquarters of renowned multinational corporations in consumer goods, professional services, and finance, as well as leading domestic enterprises. 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 premium positioning under the '66' brand, the Company's mixed-use developments in Mainland have established their 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. Hang Lung Properties
