Description
Hung Lung Properties primarily operates in Mainland China and Hong Kong where it develops and invests in a portfolio of commercial properties for rental income, as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China’s overall retail growth. The company is 63% owned by Hang Lung Group.