Hongkong Land traded at 7.35 this Thursday June 4th, decreasing 0.10 or 1.34 percent since the previous trading session. Looking back, over the last four weeks, Hongkong Land lost 6.96 percent. Over the last 12 months, its price rose by 36.36 percent. Looking ahead, we forecast Hongkong Land to be priced at 7.39 by the end of this quarter and at 6.73 in one year, according to Trading Economics global macro models projections and analysts expectations.
Hongkong Land Holdings Limited is a property investment, management and development company. The Company owns and manages approximately 850,000 square meters of prime office and luxury retail property in Asian cities, principally in Hong Kong and Singapore. The Company's segments are Commercial Property, Residential Property and Corporate. Its Hong Kong Central portfolio represents over 450,000 square meters of prime property. The Company also has various residential and mixed-use projects under development in cities across Greater China and Southeast Asia. In Singapore, its subsidiary, MCL Land Limited, operates as a residential developer. The Company's assets and investments are managed by Hongkong Land Limited.