Hang Lung Properties secures HK$10bn loan from banks

The Hong Kong property developer secured the deal with a consortium of international, Chinese and local banks.
January 21, 2025

Amid a tough property market, Hong Kong property developer Hang Lung Properties has signed a five-year HK$10 billion $1.28 billion loan facilities with a consortium of international, Chinese and local banks.

The proceeds will be used to refinance part of the company’s debt and provide additional working capital to support the company's business development, according to a company statement on January 21. The firm owns a number of commercial properties in Hong Kong including the Peak Galleria, a shopping mall on The Peak. 

Hang Lung Properties didn't provide FinanceAsia with more information about the terms of the loans. 

The loan...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222