Business Daily Media

Men's Weekly

.

Hongkong Land reinforces strategic position in Southwestern China with official launch of "The Ring, Chengdu"

  • Hongkong Land’s first wholly owned commercial property development in Chengdutargets a growing consumer base in the economic hub
  • A retail pre-leasing rate of nearly 90% reflects strong demand for retail spaces with world-class design, ecological and commercial elements.

CHENGDU and HONG KONG SAR - Media OutReach Newswire - 25 June 2024 - Hongkong Land announced the grand opening of The Ring, Chengdu” on 22nd June 2024, marking its first wholly-owned commercial property in the city and the second “The Ring” series development after “The Ring, Chongqing” opened in 2021. The launch ceremony, attended by VIPs, signified the company’s ambitious expansion within the Chengdu-Chongqing Economic Circle, a region boasting over eight trillion yuan GDP[1]. The new property has achieved a retail pre-leasing rate of nearly 90%, reflecting the strong consumer demand for innovative retail experiences.

The bustling opening day of “The Ring, Chengdu”
The bustling opening day of “The Ring, Chengdu”

"The Ring, Chengdu", a complex spanning approximately 220,000 sq.m. of gross floor area (GFA), seamlessly blends world-class design with ecological elements and international art installations. Developed in partnership with renowned design and architecture firms including Benoy, LWK + PARTNERS, Woods Bagot and JATO, the development offers a diverse range of experiences, encompassing retail, dining, leisure, office space, hotels, and commercial facilities. The seven-storey "The Ring, Chengdu" incorporates a dynamic 110,000 sq. m. shopping space for consumers to explore along with a 90,000 sq. m. grade-A office tower space. The two office towers, named Ring Centre, will become a new staple for local corporate headquarters. A 22,000 sq. m. Hyatt hotel is also attached, further showcasing "The Ring, Chengdu's" diverse leisure, dining, and art experiences.

Mr. Ling Chang Feng, Executive Director, China Property, Hongkong Land, said: "Guided by our two-pronged commercial portfolio strategy in China, which integrates our 'CENTRAL' and 'The Ring' series, we are poised to unlock new growth opportunities in the dynamic Chinese commercial property market."

"The launch of 'The Ring' series in Chengdu marks a significant milestone in Hongkong Land's continued expansion within the Chengdu-Chongqing Economic Circle – the business and consumption powerhouse of Southwestern China. This project exemplifies our commitment to developing sustainable, innovative, and authentically local destinations that are reshaping the urban landscape across China," he added.

An Urban Oasis with a Sustainable Heart

"The Ring, Chengdu" is not only a stunning architectural achievement but also a testament to Hongkong Land's commitment to sustainability. This is evident in the planned adoption of a 600 sq. m. solar photovoltaic power generation system, expected to achieve annual savings of around 28t of coal and emission reductions of 82t of CO₂, 2.5t of SO₂ and 22t of particulate matter once it is in operation. This eco-friendly approach, and the LEED-CS Gold pre-certification obtained by one of the office towers, exemplify the development's dedication to environmental stewardship and innovative design. By prioritising sustainability, "The Ring, Chengdu" contributes to a community-friendly environment and sets a new standard for responsible urban development.

Hongkong Land's Strategy and Presence in Chengdu

After first establishing a presence in the city in 2010 by investing in and developing residential projects including WE City, Artisan Bay, Artistic Bay, Creative Land, and Natural Jewel, "The Ring, Chengdu" is an organic progression of Hongkong Land's business in Chengdu.

Hongkong Land's two-pronged commercial portfolio strategy, encompassing its flagship "CENTRAL" premium lifestyle retail series and "The Ring" lifestyle retail series, aims to develop innovative, sustainable, and premium commercial hubs across the Chinese mainland that cater to the distinct characteristics of cities, blending premium retail with art, culture and nature-based features to reshape the urban lifestyle experience for fast-growing communities.

Over the next five years, the company plans to open 10 new developments totalling 360,000 sq. m. attributable leasable area of retail space across seven Chinese cities, complementing its existing commercial properties in Hong Kong, Macau, Beijing, Chongqing, and Shanghai. The new developments will bring the total number of the Group's completed commercial developments in China to 17.


[1] Statistics Bureau of Chongqing, 2024 March 6th, link
Hashtag: #HongkongLand

The issuer is solely responsible for the content of this announcement.

The Ring Series: Chengdu

"The Ring, Chengdu" is a landmark urban commercial complex developed by Hongkong Land. The project is located on Chengdu's Chunxi Road business circle, adjacent to the 2nd Ring Road and is integrated with Metro Lines 2 and 8.

The total gross floor area of the complex is approximately 220,000 sq.m, including office buildings, hotels and commercial facilities. "The Ring, Chengdu" covers an area of about 110,000 sq. m., making it Chengdu's first The Ring series project. Ring Centre, the two grade-A office towers totalling approximately 90,000 sq. m., will become a new landmark for local corporate headquarters. Additionally, there is a 22,000 sq. m. hotel, Hyatt Centric East CBD Chengdu, attached to the complex.

The project draws inspiration from the environment, integrating nature, culture and business while breaking down the boundaries between a city and its ecological surroundings. It brings a brand-new consumption and lifestyle experience to Chengdu and leads the reconstruction and upgrading of Chengdu's commercial landscape, therefore injecting new vitality into the city's development.

Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land's business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail assets in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties hold industry leading green building certifications and attract the world's foremost companies and luxury brands.

The Group's Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

News from Asia

Men in the UAE quicker to address tech troubles than a mental health concern, new AXA Global Healthcare study finds

DUBAI, UAE - Media OutReach Newswire - 4 August 2025 - Men in the UAE are more likely to take immediate action over a broken laptop, a social media hack, or a car warning light than seek support f...

Open for Business: Samsung Electronics Singapore Unveils Business Experience Studio

State-of-the-art studio designed to help customers envision how cutting-edge technology from Samsung can help address next wave digitisationSINGAPORE - Media OutReach Newswire - 4 August 2025 - Sa...

Government-Private Sector-Civil Society Unite with Global Experts to Accelerate Green Transition Propelling Thailand Toward Low-Carbon Society

Driving Two Key Agendas to Strengthen Global CompetitivenessBANGKOK, THAILAND - Media OutReach Newswire - 4 August 2025 - SCG organized the ESG Symposium 2025 under the concept "GREEN BREAKTHRO...

Xsolla, In Collaboration With KRAFTON, Releases The "Abyss Of Dungeons" Web Shop To Fuel Direct-To-Player Growth

Abyss Of Dungeons Combines Medieval Dark Fantasy With Extraction-Style RPG Gameplay, Now Bolstered By A Global Web Shop Built In Partnership With XsollaLOS ANGELES, USA - Media OutReach Newswire -...

AsiaInfo Technologies Expects to Achieve Accelerated Growth from the Three Core Growth Engines in 2025H2, with Full Year Profit Exceeding Last Year[1]

In 2025H1, AI large model application and delivery business achieves explosive growth with revenue and order amount up 76 times and 78 times yoy respectively, demonstrating strong market demandFutu...

Aspire Announces Return of Founders Night, Singapore’s Largest Event for Startup Founders

Back this September with a bold new theme — The Champions Arena — and over 200 founders, investors, and ecosystem leaders.SINGAPORE - Media OutReach Newswire – 5 August 2025 – Aspire, leading all...

Southco Introduces New T6 Stamped Friction Hinge

HONG KONG SAR - Media OutReach Newswire - 5 August 2025 - Southco has launched the new T6 Friction Hinge, a cost-effective access hardware solution that helps designers remove play from their pane...

Metropolitan Electricity Authority Recognized at the Prestigious Asia Responsible Enterprise Awards (AREA) 2025 for ESG Excellence

BANGKOK, THAILAND - Media OutReach Newswire – 5 August 2025 - The Metropolitan Electricity Authority (MEA), a leading electricity distributor across Bangkok, Nonthaburi, and Samut Prakan, is proud...

Gaga Macau Re-defines Café Culture with Art and Wellness at Galaxy Macau’s Newest Lifestyle Dining Outpost

With its signature ‘All-Day Chill’ the gaga café phenomenon comes to Galaxy Macau, marking outlet number 99 for the Shenzhen-born brand that’s quietly redefining contemporary café culture MACAU SA...

TUMI Celebrates Grand Opening of First China Flagship Store at Shanghai Centre

A Milestone Moment Marked by Notable Guests, Immersive Experiences, and Elevated DesignHONG KONG SAR - Media OutReach Newswire - 5 August 2025 - TUMI, the leading international travel, lifestyle...

Digital Upgrade to Boost Efficiency Across Tasmanian Ports

TasPorts is undertaking a multimillion-dollar digital transformation that will improve efficiency, and enable smarter, more sustainable operations a...

Simplifying ecommerce integrations: How to streamline your setup without the stress

In today’s fast-moving retail world, having an ecommerce presence isn’t optional. Platforms like Shopify, WooCommerce, and Squarespace have lowered...

Shop Small Returns to Back the Small Businesses Supporting Local Communities

The annual Shop Small movement by American Express is returning for its 13th year in Australia to galvanise support for the country’s vibrant smal...

Introducing Commerce, the New Parent Brand of BigCommerce, Feedonomics and Makeswift, Powering an AI-Driven Future

Commerce’s open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver ...

How better billing can boost performance and profits in uncertain times

Optimising your revenue management function will help you put your business on stronger footing. The fact that economic conditions are tricky i...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Sell by LayBy