Hang Lung Properties Ltd

00101: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 14.10	Dmql	Zxysfrdsv

Hang Lung Properties Is a Good Proxy for China Luxury Demand

Xinfu Lee

Aug 1, 2023

Business Strategy and Outlook

Hang Lung Properties, or HLP, is a property developer that develops and holds a portfolio of investment properties for rental income in Hong Kong and China. Beginning in the late 1990s, the company pursued a strategy of pivoting from Hong Kong residential development to Chinese commercial properties. So thorough was the pivot that the company has not made any land acquisitions in Hong Kong for nearly 20 years, until late 2020.

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