Related News
Home » Business » Real Estate
Hang Lung expects 10% rental income
Print Edition
HANG Lung Properties Ltd, a Hong Kong premium commercial real estate developer, expects its rental revenue to continue growing 10 percent annually in the coming years as it further expands its foothold on the Chinese mainland, the company said yesterday.
“Rental turnover of the company will exceed HK$7 billion (US$903 million) by the end of this year and we expect to maintain a double-digit growth rate over the coming years,” Chairman Ronnie Chan told a press conference that was held after the grand opening ceremony of Center 66 in Wuxi, Jiangsu Province.
“We will remain focused on developing high-end commercial real estate projects, particularly four- and five-star shopping malls, in major cities around the country, which will provide impetus to our future income and profit growth,” he said.
Hang Lung had earlier announced a medium-term target of HK$10 billion for the group’s annual rental turnover.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
