Revenue by Segment:

• Real Estate Leasing: approx. 70%
• Real Estate Development: approx. 20%
• Other Services: approx. 10%

TOP 3 Markets:

• Hong Kong: approx. 50%
• Mainland China: approx. 45%
• Other Asian Markets: approx. 5%

Hang Lung Properties Limited generates the majority of its revenue from real estate leasing, particularly through prime retail and office properties. The company's main market is Hong Kong, where it has a strong presence. Mainland China is also a significant market where the company has expanded significantly in recent years. Other Asian markets currently contribute only a small portion to the total revenue.

Production Sites: Mainly in China

Hang Lung Properties Limited is a real estate development company that focuses on the development, ownership, and management of high-quality commercial properties. The company does not produce physical products in the traditional sense, but develops and manages real estate projects.

Its main activities and projects are located in major Chinese cities such as Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan. Hang Lung Properties is known for its shopping malls, office buildings, and residential projects in these regions.

Strategic Focus: Focus on premium properties and expansion in mainland China

Investment Volume: Over 25 billion HKD for new projects (estimated, based on previous reports)

Hang Lung Properties Limited pursues a strategy that strongly focuses on the development and management of premium properties, especially in mainland China. The company aims to develop high-quality shopping centers and mixed-use real estate projects in prime locations to benefit from the growing urban middle class and their increasing consumption behavior.

Another focus is on sustainable development and the implementation of environmentally friendly construction practices to meet the increasing demands of ESG criteria (Environmental, Social, and Governance). This is intended not only to enhance the attractiveness of the properties but also to create long-term value for investors.

In addition, Hang Lung Properties is leveraging digitalization of their business processes and customer experiences to increase efficiency and tap into new revenue streams. These strategic initiatives are designed to enable the company to continue to grow successfully in a competitive market environment.

Main materials: Steel, concrete, glass, aluminum

Countries of origin:

• Steel: China, Japan
• Concrete: China
• Glass: China, Malaysia
• Aluminum: China, Australia

Hang Lung Properties Limited, as a significant real estate company in Hong Kong, imports a variety of raw materials for the construction and development of its real estate projects. Steel and concrete, the main materials for building constructions, are mainly sourced from China, as this is both cost-effective and logistically advantageous. Japan is also used as a source for high-quality steel.

In addition to China, glass is imported from Malaysia to meet different quality and design requirements. Aluminum, another important material for the construction industry, is imported from China and Australia, with Australia being known for its high-quality aluminum products.

These import strategies allow Hang Lung Properties to optimize construction costs while ensuring the quality of their projects.

Market share in Hong Kong: Approx. 10% (2024, estimated) Real estate portfolio value: 180 billion HKD (2024) Average rental yield: 4.5% (2024)

Hang Lung Properties Limited has a significant competitive advantage due to its extensive and high-quality real estate portfolio, mainly located in prime locations in Hong Kong and mainland China. The company benefits from its strong brand and long-standing experience in the real estate sector, enabling it to generate stable rental income.

The average rental yield of 4.5% is competitive and demonstrates the company's ability to secure attractive lease agreements. Furthermore, Hang Lung Properties has been consistently investing in the modernization and expansion of its portfolio in recent years to meet changing market demands.

Another advantage is the strategic focus on the Chinese market, which offers long-term growth potential despite economic fluctuations. This allows the company to benefit from urbanization and the increasing demand for high-quality commercial and residential properties.

Institutional Investor Share: approximately 45% (2025, estimated) Insider Buys/Sells: No significant transactions reported (2025, estimated)

The institutional investor share in Hang Lung Properties Limited is around 45%. This indicates a strong interest from institutional investors, suggesting confidence in the company's long-term stability and growth potential.

In 2025, no significant insider buys or sells were reported. This could suggest that the management and insiders are satisfied with the current valuation and future prospects of the company.

Market share of Hang Lung Properties Limited: 7% (estimated for 2025)

Top 5-10 competitors by market share:

1. Sun Hung Kai Properties Limited: 15%
2. CK Asset Holdings Limited: 12%
3. Henderson Land Development Company Limited: 10%
4. New World Development Company Limited: 9%
5. Hang Lung Properties Limited: 7%
6. Sino Land Company Limited: 6%
7. Wharf Real Estate Investment Company Limited: 5%
8. Kerry Properties Limited: 4%
9. Wheelock and Company Limited: 3%
10. Swire Properties Limited: 2%

Moat of Hang Lung Properties Limited:

Hang Lung Properties Limited has a moderate moat, mainly supported by its strategic real estate locations in prime urban areas in China and Hong Kong. These locations provide some protection against new market entrants as the availability of prime land is limited.

However, compared to its competitors, the moat of Hang Lung Properties is less pronounced than that of Sun Hung Kai Properties or CK Asset Holdings. These companies benefit from a broader diversification of their real estate portfolios and a stronger financial base, giving them more flexibility in expanding and investing in new projects.

Another advantage of Hang Lung Properties is its specialization in high-quality retail and office properties, which can yield higher returns in times of economic stability. Nevertheless, competition in the industry remains intense, and the ability to adapt to market changes will be crucial for long-term success.

Revenue Growth: 5.2% (2024) Profit Growth: 4.8% (2024) Real Estate Portfolio Appreciation: 3.5% (2024)

Hang Lung Properties Limited recorded a moderate revenue growth of 5.2% in 2024. This is mainly attributed to the successful leasing of commercial properties in prime locations in China. The company also benefited from a stable demand for high-quality retail spaces.

The profit growth of 4.8% indicates that Hang Lung Properties was able to effectively manage its operating costs while increasing rental income. The 3.5% appreciation of the real estate portfolio highlights the strategic investment in high-growth markets and the ability to secure attractive lease agreements.

Overall, the solid financial performance and value-enhancing real estate portfolio suggest that Hang Lung Properties represents a stable investment opportunity. The long-term growth prospects, especially in the emerging markets of China, could continue to offer positive returns for investors.

Dividend Yield: 4.5% (2024) Dividend History: Continuous payout for over 10 years

Hang Lung Properties Limited has been paying out a consistent dividend in recent years. The dividend yield was around 4.5% in 2024, indicating an attractive payout policy.

The company has a long history of dividend payments, signaling reliability and financial stability. This consistency is supported by its strong position in the real estate market and its ability to generate stable income. Analysts expect Hang Lung Properties to continue paying dividends at a similar level in the coming years.