Hang Lung Underlying Profit Rises on China's Retail Rents
Jan 21, 2012
Hang Lung Properties Ltd., the Hong Kong developer of shopping malls in other parts of China, said half-year underlying profit rose 29 percent after reporting higher rents from its Shanghai properties.
The company said its office building in Shanghai is fully occupied. Shanghai rents should post “double-digit” gains in 2012 and 2013, adding that commercial leasing rates in the country haven't grown as fast as they used to.