{"id":118560,"date":"2020-09-10T11:01:55","date_gmt":"2020-09-10T04:01:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-picks-up-us-governments-hong-kong-mansions-for-hk2-56-billion-a-20-per-cent-discount-to-valuations\/"},"modified":"2020-09-10T12:03:40","modified_gmt":"2020-09-10T05:03:40","slug":"hang-lung-picks-up-us-governments-hong-kong-mansions-for-hk2-56-billion-a-20-per-cent-discount-to-valuations","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-picks-up-us-governments-hong-kong-mansions-for-hk2-56-billion-a-20-per-cent-discount-to-valuations\/","title":{"rendered":"Hang Lung picks up US government\u2019s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations"},"content":{"rendered":"


\nHang Lung Properties, led by a billionaire developer who frequently calls for dialogue between the United States and China, has stepped in to pick up the US government\u2019s residential real estate asset in Hong Kong for a discount, just as US-China relations deteriorated to their worst in decades.The Hong Kong developer, which mainly develops shopping centres and offices, confirmed that it had won a closed tender for six multistorey mansions at 37 Shouson Hill Road for HK$2.56 billion (US$330\u2026
\n
\nSource : South China Morning Post
\nRead more…Hang Lung picks up US government\u2019s Hong Kong mansions for HK.56 billion, a 20 per cent discount to valuations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hang Lung Properties, led by a billionaire developer who frequently calls for dialogue between the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118560","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uQg","jetpack-related-posts":[{"id":119890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-has-us132-million-in-limbo-as-its-purchase-of-shouson-hill-villas-in-hong-kong-hits-a-snag-amid-us-china-spat\/","url_meta":{"origin":118560,"position":0},"title":"Hang Lung has US$132 million in limbo as its purchase of Shouson Hill villas in Hong Kong hits a snag amid US-China spat","date":"January 28, 2021","format":false,"excerpt":"\r Hang Lung Properties, the Hong Kong buyer of the US government\u2019s real estate asset in Hong Kong, may have up to HK$1.027 billion (US$132.5 million) in limbo, as its purchase has been caught up in the souring diplomatic relations between Washington DC and Beijing.The developer paid HK$257 million as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-hang-lung-says-deal-for-uss-shouson-hill-property-on-track-but-delay-in-registration-is-raising-eyebrows-in-market\/","url_meta":{"origin":118560,"position":1},"title":"Hong Kong developer Hang Lung says deal for US\u2019s Shouson Hill property on track, but delay in registration is raising eyebrows in market","date":"December 10, 2020","format":false,"excerpt":"\r Hong Kong-based Hang Lung Properties said on Wednesday that it expects its HK$2.56 billion (US$330.2 million) acquisition of property at 37 Shouson Hill Road from the United States government to go through as planned.\u201cWe expect to complete the transaction according to the timeline stated in the sales and purchase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-properties-2016-core-profit-up-45pc-to-hk6-3bn\/","url_meta":{"origin":118560,"position":2},"title":"Hang Lung Properties\u2019 2016 core profit up 45pc to HK$6.3bn","date":"January 26, 2017","format":false,"excerpt":"\r Hang Lung Properties, the first developer to kick off the reporting season, reported strong earnings last year on the back of rising property income in Hong Kong. Underlying profit, excluding revaluation gains in investment properties, rose 45 per cent to HK$6.34 billion, or HK$1.38 per share, the company said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-hang-lung-properties-reports-23-per-cent-profit-growth-in-first-half-but-warns-of-clouds-in-outlook\/","url_meta":{"origin":118560,"position":3},"title":"Hong Kong developer Hang Lung Properties reports 23 per cent profit growth in first half but warns of \u2018clouds\u2019 in outlook","date":"July 31, 2023","format":false,"excerpt":"\r Net profit rose to HK$2.39 billion (US$306 million) in the first half, while total revenue dropped 1 per cent even as mall revenue rebounded. Still, \u2018plenty of uncertainties\u2019 persist, both domestically and internationally, company says.\r \r Source : South China Morning Post\r Read more...Hong Kong developer Hang Lung Properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-to-start-construction-on-shouson-hill-road-ultra-luxury-project-where-us-consulate-villas-stood-by-year-end\/","url_meta":{"origin":118560,"position":4},"title":"Hang Lung to start construction on Shouson Hill Road ultra luxury project, where US consulate villas stood, by year-end","date":"September 15, 2021","format":false,"excerpt":"\r Hang Lung Properties plans to start construction by the end of this year on one of Hong Kong\u2019s most luxurious projects on the former site of US consulate residences on Shouson Hill Road.Last September, the Hong Kong-listed developer, led by billionaire Ronnie Chan Chi-chung, picked up the parcel at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hang-lung-properties-sees-2017-underlying-profit-fall-on-declining-china-mall-rental-income\/","url_meta":{"origin":118560,"position":5},"title":"Hong Kong\u2019s Hang Lung Properties sees 2017 underlying profit fall on declining China mall rental income","date":"January 30, 2018","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties, which owns the Fashion Walk shopping area in Causeway Bay and eight shopping centres in China, reported a 13 per cent fall in 2017 underlying profit, citing fewer property sales and a decline in rental income from its mainland China business. Underlying profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118560"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118560"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118560\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}