Media Coverage

Swire Properties is one of the Hong Kong developers planning to invest more in the Chinese Mainland as its economy and the real estate sector see recovery.

Chief Executive Tim Blackburn commented that the easing of COVID-19 restrictions in Hong Kong and the Chinese Mainland marks a key turning point for economic recovery across Swire Properties’ core markets. Given that the Chinese Mainland is a major contributor to its revenue growth, the Company plans to double its gross floor area in the region over the next decade. To achieve this, it will invest HKD50 billion to expand the Taikoo Li and Taikoo Hui brands in first-tier and emerging first-tier cities.

The Company also plans to develop a boutique luxury project in Xi’an while continuing to expand its presence in the Greater Bay Area.