Hang Lung Group

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Hang Lung Group
恆隆集團有限公司
Type Privately held company
Industry Real estate, car park, property management, dry cleaning
Founded 1960
Headquarters Hong Kong Island, Hong Kong
Area served Hong Kong
People's Republic of China
Key people Chairman Ronnie Chan
Subsidiaries Hang Lung Properties
Website Hang Lung Group

Hang Lung Group (SEHK10), established in 1960, is a private company listed company in Hong Kong, engaging in property development for sales and leasing, car park management, property management, and dry cleaning businesses. Its subsidiary is Hang Lung Properties, one of the largest property developers in Hong Kong. Hang Lung Properties now invests in the Mainland China market.

History[edit]

Hang Lung Group Limited was founded by Mr Chan Tseng-Hsi on 13 September 1960.[1] It gradually become one of Hong Kong's biggest real estate developers. The Group is considered as one of the best run companies in Hong Kong. For the first 32 years, the Group operated its business mainly in Hong Kong. It became well known by developing the largest residential complexes along the Mass Transit Railway. The Hong Kong market suffered from a temporary collapse during the early 1980s due to uncertainty surrounding the territory's sovereignty. However thanks to effective management, Hang Lung survived the dark period. At present, the Group operates businesses in property development for sale and lease in Hong Kong. Its investment properties are very diversified, ranging from retail, office, residential and serviced apartment developments to industrial and office complexes.[1]

On 1 January 1991, Mr. Ronnie Chan took over as the Group's new chairman.[1] He foresaw the golden opportunity to invest in the Mainland China market due to its prosperous economic growth. The Group then turned to its new direction and venture into the Mainland market under Chan's leadership. Its first step into the Mainland, in Shanghai in 1992, was two landmark properties, Plaza 66 and Grand Gateway 66. Seeing the success of the Shanghai projects, the Group continued to expand its business to others parts of the Mainland such as Shenyang, Jinan, Wuxi, Tianjin, Dalian, and Kunming. With its accomplishment in the Mainland, the Group will continue to expand its presence and strive for its goal in becoming the most prominent mega national enterprise in the market.[1]

References[edit]

  1. ^ a b c d "Corporate Profile". Hang Lung Group Limited. Retrieved 2 April 2013. 

External links[edit]