Hang Lung Properties
| Company type | Subsidiary |
|---|---|
| Industry | Real estate development |
| Predecessor | Amoy Properties |
| Founded | 1949 |
| Headquarters | Central, Hong Kong , Hong Kong |
Key people | Adriel Chan (Chair), Weber Wai Pak Lo (CEO), Kenneth Ka Kui Chiu (CFO) |
| Parent | Hang Lung Group |
Hang Lung Properties, previously known as Amoy Properties and now operating as a subsidiary under Hang Lung Group, stands as a prominent property developer in Hong Kong. It is listed among the Hang Seng Index Constituent Stocks (blue chip) and maintains its headquarters within the Standard Chartered Bank Building located in Central, Hong Kong.
History
Established in 1949, Hang Lung Properties Limited was acquired by Hang Lung Group Limited in 1980. Following a corporate restructuring in 1987, it became the property investment division of Hang Lung Group. The company is presently headed by Adriel Chan.
By June 2025, Hang Lung managed a portfolio of 10 properties situated across 8 cities on mainland China, with an ongoing development project in Hangzhou.
Properties
Among its principal assets are the Standard Chartered Bank Building, Baskerville House, Hang Lung Centre in Causeway Bay, Kornhill Plaza, Grand Centre in Tsim Sha Tsui, One and Two Grand Tower, Hollywood Plaza (Hong Kong), and the Park-In Commercial Centre in Mong Kok.
Ronnie Chan assumed the chairmanship on 1 January 1991 and directed the company’s strategic expansion into mainland China, leveraging the region’s economic surge. The initial mainland ventures commenced in 1992 with significant projects in Shanghai: Plaza 66 and Grand Gateway 66. Their success paved the way for further developments in cities such as Wuxi, Shenyang, Jinan, Tianjin, Dalian, Kunming, and Wuhan.
In September 2020, Hang Lung purchased real estate assets formerly owned by the United States government in Hong Kong for HK$2.56 billion, acquiring them at a price reflecting a 20% discount relative to market value.
Management Board
The board comprises eight directors: three serving as executive directors alongside five non-executive directors to ensure governance independence.
- Chair: Adriel Chan
- CEO: Weber Wai Pak Lo
- CFO: Kenneth Ka Kui Chiu
Non-executive directors:
- Philip Nan Lok Chen
- Nelson Wai Leung Yuen
- Andrew Ka Ching Chan
- Holly Tianfang Li
- Anita Yuen Mei Fung