Henderson Land posts 66% profit surge after run of strong sales

Henderson Land Development, a prominent Hong Kong property developer, saw a 66% increase in interim profit for the first half of 2026, according to their filing with the Hong Kong stock exchange. The company, led by the family of late founder Lee Shau-kee, reported an unaudited profit of HK$5.07 billion, up from HK$2.02 billion in the same period last year.

Henderson declared a dividend of 50 HK cents per share, unchanged from the previous year. The firm attributed its success to favorable market conditions, launching various urban projects for sales, including Chester, One Victoria Cove, Highwood, and Victoria Voyage in Hung Hom, Ma Tau Kok, and Kai Tak, respectively. Over 90% of flats at Chester and all units in the first three rounds of sales at One Victoria Cove had been sold by June.

Henderson's Hong Kong contracted sales for the first half surged 188% to HK$18.11 billion, with HK$17.06 billion yet to be recognized as revenue. The company plans to launch eight development projects with 3,400 homes in Hong Kong during the second half of 2026. Henderson's office portfolio in Central experienced a flight-to-quality trend, with a leasing rate of over 90% for The Henderson, a prime office development, and a 223,437 sq ft office lease signed with Jane Street Asia for Central Yards.