Henderson Land Development reported an unaudited underlying profit of HK$5.07 billion for the first half of the year, marking a significant increase from the previous year. Contracted sales in Hong Kong rose by 188 percent, driven by strong demand for new residential projects.
Hong Kong's development chief Bernadette Linn welcomed diverse bids for the Northern Metropolis pilot project, noting the government's aim to pair property developers with industry operators. Two bids were received for the Hung Shui Kiu project, with Henderson Land bidding alone and Sino Land partnering with five other firms, including e-commerce giant JD.com.
HSBC and a partner bank provide a sustainable loan (estimated HK$100M) for a Hong Kong urban development project, integrating smart systems, an urban forest with over 400 trees and 280 native plant species, and biodiversity monitoring, showcasing a blueprint for sustainable finance and bolstering Hong Kong's position in the sector.
Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand. All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents. Meanwhile, New World Development (NWD) and MTR Corp’s Pavilia Farm III above Tai Wai MTR station found buyers for 19 of the 45 units as of 6.50pm. Most recent...
Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next. As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold, while at the Pavilia Farm III atop Tai Wai station in Sha Tin by New World Development (NWD) and...
Henderson Land Development has won a bid to operate a major Hong Kong harbourfront event space, expanding its footprint in Central to three prime locations. The developer already manages the International Financial Centre (IFC) and in 2021 secured the district's last major plot, known as 'land king', which is being developed into Central Yards retail and office space with phases opening in 2027 and completing in 2032. Experts say the expansion may result in greater accessibility and more visitors from surrounding commercial properties.
A joint venture led by Henderson Land Development has secured a five-year contract to manage Hong Kong's Central Harbourfront Event Space, with a new penalty clause for failing to meet event quotas.
