{
  "id": 2127141,
  "title": "Henderson Land posts 66% profit surge after run of strong sales",
  "url": "https://urgent.news/2026/08/20/henderson-land-posts-66-profit-surge-after-run-of-strong-sales",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T11:59:34.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/article/3364717/henderson-land-posts-66-profit-surge-after-run-strong-sales"
  },
  "original_language": "en",
  "account": "Henderson Land Development, a leading Hong Kong real estate company, has announced a remarkable 66% increase in interim profit for the first half of their fiscal year. This surge in profits is attributed to a successful sales run, as disclosed in their filing with the Hong Kong stock exchange on Thursday. The company, which is owned by the family of late founder Lee Shau-kee, reported an unaudited profit of HK$5.07 billion (approximately US$646 million) for the January to June period. This figure is a significant jump from HK$2.02 billion reported during the same period in the previous year.\n\nThe company's interim dividend of 50 HK cents per share remains unchanged from the previous year, set to be distributed on September 17. Speaking on the windfall profits, co-chairmen Peter Lee Ka-kit and Martin Lee Ka-shing stated that the company capitalized on favorable market conditions to launch several urban projects during the first half of 2026. Notable developments include Chester, One Victoria Cove, Highwood, and Victoria Voyage in various locations. Over 90% of the flats at Chester and all 468 residential units from the initial three sales rounds at One Victoria Cove have been sold, according to the executives.\n\nThe company's contracted sales in Hong Kong have seen an impressive surge of 188% to HK$18.11 billion in the first half, with about HK$17.06 billion yet to be recognized as revenue from sales. Looking ahead, Henderson Land plans to launch eight development projects in the second half of the year, totaling 3,400 homes in Hong Kong. The company also noted that Hong Kong's economic fundamentals remain stable despite global uncertainties, such as the ongoing Middle East war and disrupted oil shipping routes. The creation of a five-year plan for Hong Kong during this period will further help the city integrate better into national development, fostering long-term economic growth.\n\nIn the office sector, Henderson Land's premium projects in Central have attracted a 'flight-to-quality' trend among tenants from finance, insurance, and legal sectors, driving the vacancy rate of office developments in core Central to its lowest level in nearly two years. As of June, The Henderson, a prime office development in Central, had a leasing rate of over 90%, with notable tenants including Point72, Christie’s, Carlyle, Audemars Piguet, and Cohen & Steers. Another office project, Central Yards, which is a 1.6 million sq ft mixed-use development, is set to be completed by late 2026 and open in 2027, with Jane Street Asia as the anchor tenant, leasing a significant space within the building.",
  "summary": "Henderson Land Development, one of Hong Kong’s largest developers, reported a 66 per cent rise in its interim profit for the first half of the year following a strong run of property sales, according to its filing with the Hong Kong stock exchange on Thursday. The developer, controlled by the family of its late founder Lee Shau-kee, said its unaudited underlying profit attributable to equity…",
  "key_points": [
    "Henderson Land's interim profit surged 66% to HK$5.07 billion in first half of fiscal year.",
    "Company attributes profit to strong sales of urban projects like Chester and One Victoria Cove.",
    "Henderson Land plans to launch eight new development projects in Hong Kong's second half."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Henderson Land posts 66% profit surge after run of strong sales",
        "url": "https://urgent.news/2026/08/20/henderson-land-posts-66-profit-surge-after-run-of-strong-sales-2129692",
        "published": "2026-08-20T11:59:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}