- CEO
- Wai Pak Lo
- Full Time Employees
- 4,595
- Sector
- Real Estate
- Industry
- Real Estate - Diversified
- Address
- Standard Chartered Bank Building Hong Kong Hong Kong
- IPO Date
- Oct 15, 2010
- Business
- Hang Lung Group Limited is a Hong Kong-based investment holding company primarily engaged in property development, leasing, and management in Hong Kong and Mainland China. The company’s core products and services encompass luxury residential developments; commercial office towers; high-end retail malls primarily under the "66" brand in key mainland cities including Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou; property leasing; property sales; and hotel operations. Through its subsidiary Hang Lung Properties Limited, it operates a diversified portfolio of mixed-use development projects, integrating office, retail, residential, and hospitality segments, supported by complementary services such as property management, car park management, and dry cleaning.
Founded in 1960 and headquartered in Hong Kong, Hang Lung Group has evolved with a focus on premium customer-oriented real estate, establishing itself as a leading developer and operator in both Hong Kong and the Chinese mainland. The company’s geographic operations span major urban centers across Mainland China and Hong Kong, leveraging the “66” branded property developments as prominent city landmarks. Its business strategy emphasizes sustainable growth and community integration through innovative development solutions and ESG initiatives.
Recent major developments include a strategic three-year partnership with luxury conglomerate LVMH focused on sustainability and climate action across Hang Lung’s properties in seven mainland Chinese cities, aiming to enhance resource management, climate resilience, and wellbeing in retail spaces hosting 26 LVMH brands. This collaboration elevates Hang Lung’s sustainability agenda with targeted 2030 and intermediate 2025 goals, including achieving net zero greenhouse gas emissions in its value chain by 2050.
The company has also expanded its hotel portfolio with new luxury launches such as the Grand Hyatt Kunming in August 2024 and multiple upcoming properties including Curio Collection by Hilton in Wuxi, Mandarin Oriental Hangzhou, and Kimpton Xujiahui Shanghai, expected to complete between 2025 and 2027. These hotels create synergies with its existing office and retail assets to boost foot traffic and tenant quality in integrated complexes. Additionally, recent property acquisitions and redevelopment projects are underway, such as high-end residential redevelopment in Hong Kong's Southern District at 37 Shouson Hill Road and boutique residential units at Wilson Road, Jardine’s Lookout, reflecting an ongoing expansion and diversification of asset types and locations.
Financially, Hang Lung reported revenue growth in 2024, driven by property leasing in mainland China and Hong Kong, property sales, and the hotel business. The company actively pursues tenant mix optimization, enhanced customer loyalty programs, and operational resilience amid challenging market conditions. It also recently launched innovative coworking space services in Hong Kong (NET- WORK) and high-end retail experiences for exclusive customer segments, reinforcing its multi-faceted commercial real estate operations.