The Business Times
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COMMENTARY

Singapore opportunities could shine in Hongkong Land’s remaking

The group should consider listing a Singapore office Reit, or developing the Jurong Lake District white site

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Leslie Yee

Leslie Yee

Published Mon, Nov 4, 2024 · 05:00 AM
    • Hongkong Land's crown jewel is its Hong Kong Central portfolio. But, the premium office spaces there could suffer from steeper rental and capital-value falls, if the city declines as a financial and business hub.
    • Hongkong Land's crown jewel is its Hong Kong Central portfolio. But, the premium office spaces there could suffer from steeper rental and capital-value falls, if the city declines as a financial and business hub. PHOTO: HONGKONG LAND

    SEVEN months into the job, chief executive Michael Smith is stirring things up at Jardine Matheson Group’s 135-year-old Hongkong Land .

    Under its new strategy, Hongkong Land will focus on investment properties in key Asian gateway cities. It will no longer invest in the build-to-sell segment, and will instead recycle capital from this segment into new integrated commercial property opportunities.   

    The group will work with third-party capital to expand its investment property assets under management (AUM) from US$40 billion to US$100 billion by 2035 through capital partnerships, private funds and real estate investment trusts (Reits).

    Hongkong LandJardine MathesonProperty investmentPropertyProperty developers

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