Hang Lung Properties Ltd 101.HK

Hang Lung Properties Limited is a financial company operating in the real estate development industry. Launched in 1949, it is located in Hong Kong and operates there as well.

Hang Lung Properties Limited is listed on the Hong Kong Stock Exchange (HKEX) under the ticker 0101.HK. In addition to developing property, it also acts as an investor and then later manages properties once they are completed. The company also has an interest in the management of car parks. Hang Lung Properties Limited share prices sat just above 20 HKD in October 2020, and the firm has well over 4,000 workers.

In 2020, Hang Lung Properties Limited was involved in a significant deal when it purchased a set of blocks previously used by US staff at the Hong Kong consulate. This area, which is located in the Shouson Hill district, will now be redeveloped by Hang Lung Properties Limited and be turned into high-end residences. The firm paid 2.57bn HKD to acquire the land. During the pandemic, though, the firm did lose a figure believed to be higher than 2bn HKD.

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