Hongkong Land opens The Ring, Chengdu

(Source: Supplied)

Property developer Hongkong Land has opened The Ring, Chengdu, the company’s first wholly-owned commercial property in the city.

The Chengdu site is the second The Ring series development, following the opening of The Ring, Chongqing in 2021.

The launch reflects Hongkong Land’s targeted expansion within the Chengdu-Chongqing Economic Circle, with the new property achieving a retail pre-leasing rate of almost 90 per cent.

The seven-storey Ring, Chengdu has a gross floor area of 220,000sqm, which includes a 110,000sqm shopping space and 90,000sqm grade-A office tower space.

It has two office towers, eyed to be a location for local corporate headquarters. A 22,000sqm Hyatt hotel is also attached to the site.

The company plans to adopt a 600 sqm solar photovoltaic power generation system for The Ring, Chengdu, which is expected to achieve annual savings of around 28 tonnes of coal and emission reductions of 82 tonnes of carbon dioxide.

“Guided by our two-pronged commercial portfolio strategy in China, which integrates our Central and The Ring series, we are poised to unlock new growth opportunities in the dynamic Chinese commercial property market,” said Ling Chang Feng, executive director for China property at Hongkong Land.

“This project exemplifies our commitment to developing sustainable, innovative, and authentically local destinations that are reshaping the urban landscape across China.”

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