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Cheryl Arcibal

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 shareholders had reached HK$5.07 billion (US$646 million) for the January to June period, up HK$2.02 billion from a year earlier.
Henderson Land declared an interim dividend of 50 HK cents per share, unchanged from the same period last year, which will be distributed on September 17.
“During the first half of 2026, the group successfully capitalised on favourable market conditions to launch a number of urban projects for sales,” said co-chairmen Peter Lee Ka-kit and Martin Lee Ka-shing in the filing.
Recent launches included batches of properties at developments including Chester and One Victoria Cove in Hung Hom, Highwood in Ma Tau Kok, and Victoria Voyage in Kai Tak, they said.
More than 90 per cent of the flats at Chester had been sold by the end of June, while all 468 residential units available in the first three rounds of sales at One Victoria Cove had sold out, the executives added.
Along with sales of other projects, the group’s attributable contracted sales in Hong Kong had surged 188 per cent to HK$18.11 billion in the first half, according to the company.
Meanwhile, about HK$17.06 billion had yet to be recognised as revenue from sales, the group said.
In the second half of the year, Henderson Land planned to launch eight development projects with a combined 3,400 homes in Hong Kong, including the developer’s remaining stock, it said.
“Despite the ongoing Middle East war and disrupted oil shipping routes, Hong Kong’s economic fundamentals remain stable,” the co-chairmen said.

Hong Kong’s creation of its first five-year plan for the 2026-2030 period would also help the city “better integrate into and serve the overall national development, thereby fostering long-term economic growth”, they added.
As for the firm’s office portfolio, Henderson said its premium projects in Central had benefited from the “flight-to-quality trend among tenants in the finance, insurance and legal sectors”, which “drove the vacancy rate of office developments in core Central to its lowest level in nearly two years”.
As of June, The Henderson – a 465,000 sq ft prime office development in Central – had achieved a leasing rate of over 90 per cent. Its tenants included Point72, Christie’s, Carlyle, Audemars Piguet and Cohen & Steers, according to the company.
Henderson’s other office projects also had an occupancy rate of about 90 per cent, while the first phase of Central Yards – the 1.6 million sq ft mixed-use development on the New Central Harbourfront – was set to be completed in late 2026 and open in 2027, it added.
Jane Street Asia will serve as the anchor tenant for Central Yards, with the US-based quant trading firm leasing 223,437 sq ft in the building for HK$137 per square foot per month, or HK$30.6 million per month, excluding fees, making it one of the largest leasing transactions in Central in recent years.
“The remaining areas are attracting strong interest from leading multinational companies,” the group said. “During the first half of 2026, a joint venture company of the group successfully secured a five-year tenancy for the Central Harbourfront Event Space adjacent to Central Yards.”


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The Hong Kong developer plans to launch eight new residential projects in the second half of the year


The Hong Kong developer plans to launch eight new residential projects in the second half of the year.


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

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The Hong Kong developer plans to launch eight new residential projects in the second half of the year

The Hong Kong developer plans to launch eight new residential projects in the second half of the year