Hang Lung Archives - Inside Retail Asia
Hang Lung Properties has earmarked about HK$40 million to renovate Gala Place and Hollywood Plaza in Mongkok.
A transformation of Shanghai’s Plaza 66 will redefine luxury retail in China, says owner Hang Lung Properties.
Falling rents have hit profits for Hang Lung Properties, which has posted a 4 per cent half-year decline in underlying net profit to HK$3 billion.
Both the Hong Kong and Mainland China retail markets will continue to be weak for the foreseeable future, says Hang Lung boss Ronnie Chan-Kai-chung.
Despite a depressed market, Hong Kong’s Hang Lung Properties is boldly expanding in Mainland China with shopping centres.
Hong Kong listed Chinese mall owner Hang Lung Group has reported a three per cent rise in turnover in the first half of 2015.