ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Property

Hong Kong developers' mainland projects rescue their bottom lines

Expanding real estate interests across China come with strong political ties

Hang Lung Properties' upscale retail mall, part of a commercial complex called Heartland 66, opened in the mainland Chinese city of Wuhan on March 25. (Provided by Hang Lung Properties)

HONG KONG -- Just a year ago, Wuhan was under a 77-day lockdown and business ground to a halt in an effort to control the coronavirus outbreak. Now, a major Hong Kong property developer has placed a big bet on the city's future with the opening of a luxury retail mall.

The opening last week of Hang Lung Properties' newest development in the heart of the central Chinese city, where the coronavirus was first identified in late 2019, was symbolically important.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more