Property News · July 31, 2026

Hang Lung profit falls as property losses and weak offices offset record mall rents


Hong Kong developer Hang Lung Properties’ underlying profit fell in the first half as losses from property sales, higher finance costs and a weak mainland China office market offset record rental income from its shopping malls.
Underlying net profit declined 10 per cent from a year earlier to HK$1.44 billion (US$184 million) in the six months ended June 30, while revenue rose 23 per cent to HK$6.11 billion, driven by the handover of residential units at Hong Kong projects including The Aperture…

Source : South China Morning Post
Read more…Hang Lung profit falls as property losses and weak offices offset record mall rents

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