Hong Kong Land unveils Westbund Central

The company now focuses on developing ultra-premium commercial properties in Asia.

Hongkong Land has unveiled its CENTRAL series flagship project Westbund Central at Shanghai West Bund Financial Hub, which is the Group's largest-ever single investment.

The $8b (S$10.7b) development will be completed in phases up until 2028, Hongkong Land said, noting it marked the company’s new strategic focus on developing ultra-premium integrated commercial properties in key Asian cities.

According to Hongkong Land, progress on the property which spans a total gross floor area of 1.1 million square meters has been positive.

Additionally, the company expanded its CENTRAL Series investments, including a total funding of $15.4b (US$11.5b) across a total constructed floor area of 3 million square meters.

Meanwhile, the first phase of The Central Residences West Bund has been completed, with over 97% of the 183 apartments now leased. A further 809 units are expected to be launched in early 2025.

Furthermore, 300 serviced apartments operated by Mandarin Oriental Hotel Group will be launched in 2028, resulting in Hongkong Land owning around 1,200 units of high-end rental apartments.

(1 USD = 1.33 SGD)

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