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Hong Kong-headquartered mall operator Hang Lung Properties has overcome the regional economic headwinds to report a solid increase in revenue from its core leasing business. Hang Lung, which owns eight Mainland China shopping centers carrying the 66 brand,…
Falling rents have hit profits for Hang Lung Properties, which has posted a 4 per cent decline in underlying net profit to HK$3 billion (US$383.9 million) in its first half. Asset-enhancement initiatives in Hong Kong and Shanghai also caused disruption of…
China’s slowing economy has claimed another victim, as Hang Lung Properties reported on Thursday a 56% fall in 2015 net profit from a year ago. The property developer said its net income declined to 5.09 billion Hong Kong dollars ($653 million) for the…
Hong Kong listed Chinese mall owner Hang Lung Group has reported a three per cent rise in turnover in the first half of 2015. The group said revenue reached HK$4.893 billion, with rental turnover up eight per cent to HK$4.148 billion. Property sales income…
