HongkongLand reports $284m profit for H1

On a committed basis, the Singapore vacancy was at 1.2%.

HongkongLand reported a $284m (US$221m) profit attributable to holders in the first half of 2025, bouncing back from a loss of $1.07b (US$833m) a year before.

In Singapore, the group’s office portfolio continued to perform well, with vacancy across the portfolio of 2.0%.

On a committed basis, the vacancy was 1.2%. Meanwhile, rental reversions were positive, with average rents increasing to $11.4 per square foot.

In Hong Kong, the company’s central office portfolio experienced a healthy increase in enquiries, driven by improvements in capital market sentiment and the Initial Public Offering.

However, vacancies on a committed basis declined to 6.9% at the end of June 2025, compared favourably to an 11.8% vacancy in the wider Central Grade A office market.

Physical vacancy stood at 7.5% whilst negative rental reversions resulted in average office rents decreasing to HK$95 per sq. ft.

($1=USD0.77)