Hang Lung Real Estate Hong Kong Project

Hang Lung Real Estate has a truly diversified business development, including residential buildings, industrial buildings, retail shops, office buildings, commercial buildings and parking lots. Our policy is to constantly review and analyze the land reserves available for development and the development opportunities and value of its properties in the market, so as to ensure that there will be no shortage of land reserves available for development and there will not be too much inventory. Caution is the aim of our company's development policy and the key to our success along the way. We employ the best architects to ensure that the design quality is better than that of our peers.

Henglong has been involved in real estate business for a long time and is determined to open up new fields. When choosing the location of office and residential development, considering convenience and comfort, Hang Lung has built a large number of properties along the busiest underground railway in Hong Kong. From 1976 to 1982, the Telford Garden above the Kowloon Bay subway station was completed one after another. The house was built on a 24-mu subway platform, with 4,992 sets in 4 1 building, and was put on the market in 1977.

1987 In view of the development of Hong Kong Island Line by subway, recreational facilities in cities, transportation, shopping centers and residential areas have been developed. We are also moving in this direction. The property includes Kang Ze Garden (with a total unit area of 54,800 square meters and a 35-storey building) located on the top of the Fort Hill subway station in North Point, and Park View Terrace launched by 1989 in Causeway Bay. Other buildings along the subway include Niuchiwan Taohua Garden, and the construction from 1979 to 1987. When the property was launched, the huge development plan of Kangyi Garden was completed in 1987, and all 8852 units were sold out that year. It is one of the largest commercial and residential properties in Hong Kong, and our strength is evident.

As far as the real estate leasing business is concerned, the results are equally encouraging. Take Causeway Bay Property as an example, the occupancy rate has remained above 98%, which highlights the outstanding performance of Hang Lung in the industry. We also aim at high-density residential buildings and places with high traffic flow, such as Kangyi Square in Fish Bay and Peak Square, one of the tourist hotspots.

Hang Lung is also a leader among luxury residential developers. We are proud of the representative works of Yufeng on Reginald Edward Stubbs Road, the design of five-story duplex luxury apartment, smart home system and various advanced household appliances. More than half of the units are leased to senior staff of multinational companies. In addition, King's Landing, which stands above the Kowloon Station of the Airport Express, is a beautiful diamond in the property. In the first quarter of 2004, three 80-storey luxury residential units were put on the market, which received enthusiastic response and was highly praised. The average selling price of 15% of the buildings sold is as high as 9 600 yuan, which has established an extraordinary reputation for Henglong Real Estate in developing valuable properties.