Hang Lung Looking to Buy Distressed Properties in Mainland China

WATCH: Hang Lung Group’s Adriel Chan discusses the company’s earnings, China’s zero-covid policy and his outlook for China’s residential property market. Source: Bloomberg

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By Shawna Kwan

January 28, 2022 at 3:21 AM UTC

This article is for subscribers only.

Hong Kong property developer Hang Lung Properties Ltd. is looking to buy high-quality real estate from distressed peers in mainland China.

The company is interested in commercial property assets in tier one and tier two cities, Vice Chair Adriel Chan said in an interview with Bloomberg Television on Friday.