- CEO
- Wai Pak Lo
- Full Time Employees
- 4,595
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Standard Chartered Bank Building Central Hong Kong
- IPO Date
- Jan 5, 2010
- Business
- Hang Lung Group Limited (HNLGF) is an investment holding company principally engaged in property development, investment, leasing and sales in Hong Kong and mainland China. The company operates through property leasing, property sales, and hotels segments; its investment properties portfolio mainly comprises retail malls such as Plaza 66 and Grand Gateway 66 in Shanghai, Center 66 in Wuxi, Spring City 66 in Kunming, Olympia 66 in Dalian, Parc 66 in Jinan, Palace 66 and Forum 66 in Shenyang, Riverside 66 in Tianjin, and Heartland 66 in Wuhan; Grade A office towers integrated with these developments; residential properties, serviced apartments, and car parks; as well as hotel operations including Conrad Shenyang and Grand Hyatt Kunming. It also provides property management, financial services, apartment operation and management, property agency, hotel investment, and property investment for rental income. Hang Lung Group Limited was founded in 1960 by Chan Tseng Hsi and is headquartered in Central, Hong Kong.
The company maintains a leading position in high-end commercial real estate across nine major mainland Chinese cities including Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou, with properties branded under the "66" portfolio targeting premium retail, office, and mixed-use segments. Its Hong Kong portfolio features large shopping malls, office buildings, industrial premises, residential complexes, and serviced apartments, often located along key transport corridors.
Recent strategic developments under the "Hang Lung V.3" initiative emphasize capital-efficient growth through selective reinvestments in existing assets, including a 20-year lease partnership with Baida Group signed in 2025 for adjacent retail towers at Westlake 66 in Hangzhou, expanding retail area by 40% and street frontage over 200%; opening of Grand Hyatt Kunming in August 2024 within Spring City 66; launch of NET- WORK coworking space in Hong Kong's Standard Chartered Bank Building; ongoing Phase Two of Center 66 in Wuxi featuring Center Residences and Curio Collection by Hilton slated for late 2025; Plaza 66 Pavilion Extension in Shanghai due 2026; and Kimpton Xujiahui Shanghai opening in 2027 as part of Grand Gateway 66 revitalization. In January 2025, the group secured a HK$10 billion five-year syndicated term loan and revolving credit facility to extend debt maturity and support development; it also completed land acquisitions and approvals for luxury residential redevelopments at 37 Shouson Hill Road and 8-12A Wilson Road in Hong Kong.