Latest news with #HangLungProperties
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
Zawya
27-05-2025
- Business
- Zawya
Hang Lung Achieves Sustainability Milestone: 80% of Mainland Portfolio Powered by Renewable Energy
Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to be powered by wind and solar energy HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 27 May 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") announced that the Company has increased its portfolio of renewable energy-powered properties in mainland China from 50% to 80% of its operating properties. The three additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—have transitioned to renewable energy sources since May 1, 2025, and are the first commercial developments in Liaoning Province to achieve this milestone. "This transaction marks a major step towards realizing Hang Lung's 2050 net zero goal. With these latest pioneering renewable energy projects in mainland China, we are proud to continue leading this journey," said Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee. "We will continue to pioneer renewable energy initiatives, support the sustainability targets of our partners, and inspire others to accelerate their decarbonization efforts in line with China's dual carbon ambitions." The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China's green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company's sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung's clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China. "As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations," said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. "It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66." "Tenants and landlords need to work together to advance common sustainability goals," said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. "We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market." Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the "Golden Corridor", while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination. Appendix: Hang Lung's Renewable Energy Chronology: December 2021: Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy. January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy. April 2024: Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy. May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung's Mainland operating properties are now powered by renewable energy.* *Green power terms under power purchase agreements for the entire property (covering both landlord and tenant consumption) since May 1, 2025. Property Minimum Green Electricity Under Bundled Power Purchase Agreement Maximum Unbundled Green Electricity Certificate Spring City 66, Kunming 100% 0% Parc 66, Jinan 100% 0% Center 66, Wuxi 98% 2% Grand Gateway 66, Shanghai 95% 5% Plaza 66, Shanghai 95% 5% Forum 66, Shenyang 95% 5% Palace 66, Shenyang 95% 5% Olympia 66, Dalian 95% 5% Hashtag: #HangLung #Forum66 #Palace66 #Olympia66 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. Hang Lung Properties
Malay Mail
27-05-2025
- Business
- Malay Mail
Hang Lung Achieves Sustainability Milestone: 80% of Mainland Portfolio Powered by Renewable Energy
Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to be powered by wind and solar energy Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to adopt green energy At Forum 66 in Shenyang, the Green Power Purchase Agreement was signed by (from left) Mr. Arthur Wong, Deputy General Manager – Mainland Business Operation of Hang Lung Properties, Mr. John Haffner, Deputy Director – Sustainability of Hang Lung Properties, Mr. Jinzeng Yu, Deputy General Manager of Northeast Region of China Resources Power, and Ms. Airong Yang, General Manager of China Resources (Liaoning) Electric Power Sales Co., Ltd "As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations," said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. "It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66." "Tenants and landlords need to work together to advance common sustainability goals," said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. "We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market." Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the "Golden Corridor", while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination. Appendix: Hang Lung's Renewable Energy Chronology: December 2021: Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy. Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy. January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy. Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy. April 2024: Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy. Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy. May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung's Mainland operating properties are now powered by renewable energy.* *Green power terms under power purchase agreements for the entire property (covering both landlord and tenant consumption) since May 1, 2025. Property Minimum Green Electricity Under Bundled Power Purchase Agreement Maximum Unbundled Green Electricity Certificate Spring City 66, Kunming 100% 0% Parc 66, Jinan 100% 0% Center 66, Wuxi 98% 2% Grand Gateway 66, Shanghai 95% 5% Plaza 66, Shanghai 95% 5% Forum 66, Shenyang 95% 5% Palace 66, Shenyang 95% 5% Olympia 66, Dalian 95% 5% "As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations," said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. "It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66.""Tenants and landlords need to work together to advance common sustainability goals," said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. "We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market."Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the "Golden Corridor", while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination. HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 27 May 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") announced that the Company has increased its portfolio of renewable energy-powered properties in mainland China from 50% to 80% of its operating properties. The three additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—have transitioned to renewable energy sources since May 1, 2025, and are the first commercial developments in Liaoning Province to achieve this milestone."This transaction marks a major step towards realizing Hang Lung's 2050 net zero goal . With these latest pioneering renewable energy projects in mainland China, we are proud to continue leading this journey," said Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee. "We will continue to pioneer renewable energy initiatives, support the sustainability targets of our partners, and inspire others to accelerate their decarbonization efforts in line with China's dual carbon ambitions."The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China's green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company's sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung's clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in #HangLung #Forum66 #Palace66 #Olympia66 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
