From Ditching Residential Development to REITs: Hongkong Land's Ten-Year Growth Blueprint

Hongkong Land, a Hong Kong real estate company listed in both Singapore and London, recently unveiled a much-anticipated strategic update: a plan to release up to US$10 billion of capital by ceasing residential development, selling assets and investing in real estate investment trusts (REITs) and other third-party capital vehicles, while expanding its portfolio of high-end commercial projects. The ten-year plan, which aims to double its recurring profit by 2035, marks an important capital reallocation decision for Hongkong Land.

Further Reading: https://bit.ly/4fG3baX

The full article was published in Hongkong Business Times, written by CHFT Stella Law.