How Does Henderson Land Company Work?

The Henderson Land business model encompasses the creation and delivery of residential and commercial properties. Its operations span the entire development lifecycle, from land acquisition and design to construction, sales, leasing, and ongoing property management.

Henderson Land's value proposition is built on its commitment to sustainable development and wellness features. Projects like The Henderson exemplify this, achieving multiple platinum-level certifications for green and smart building attributes, offering customers energy-efficient and healthier environments.

The company's vertically integrated approach ensures quality and efficiency across its Henderson Land projects. This includes managing its extensive land bank in Hong Kong and mainland China, alongside investments in construction and infrastructure.

A significant aspect of Henderson Land Company operations is its substantial land bank, strategically expanded through acquisitions and urban redevelopment. This provides a robust foundation for future Henderson Land projects and sustained growth in the Hong Kong property market.

The company celebrated the completion of its flagship project, The Henderson, in 2024, earning accolades for sustainability and innovation. In March 2025, The Henderson became the first commercial building in APAC to align with Forbes Travel Guide's Five-Star Guest Experience Standards, with The Henderson Art Garden opening to the public in April 2025.

Despite a prolonged real estate slump impacting Hong Kong and mainland China, Henderson Land reported a 32% decline in attributable profit to HK$6.3 billion in 2024, partly due to a HK$2 billion fair value loss on investment properties. Revenue also saw an 8% decrease to HK$25.3 billion in the same year.

In response to market conditions, Henderson Land is focusing on expanding its land bank and urban redevelopment projects, supported by government initiatives. The company plans to launch 12 new projects in Hong Kong in 2025, offering approximately 5,400 apartments, anticipating market improvements.

Henderson Land's competitive edge is built on its strong brand, extensive land bank, and vertically integrated business model. Its commitment to sustainability, as seen in The Henderson's green features and smart building technology, is a key differentiator. The company's 2030 Sustainability Vision guides its efforts in climate resilience and community well-being, with emissions reduction targets approved by the Science Based Targets initiative in December 2024.

Henderson Land is one of the largest property groups in Hong Kong, with a substantial land bank and ongoing major projects like the New Central Harbourfront development. Its broad portfolio across various property types contributes to its strong market standing.

The company faces risks from the ongoing real estate market slump in Hong Kong and mainland China, including declining home prices and high office vacancy rates. Regulatory changes and evolving consumer preferences also present potential challenges.

Henderson Land is focused on expanding its land bank and pursuing urban redevelopment projects for future growth. The company anticipates improved market sentiment in 2025, driven by expected interest rate cuts and an influx of skilled workers to Hong Kong.

Strategic initiatives include continued investment in high-quality, sustainable developments and raising funds through convertible bonds to support business development. The company's 2030 Sustainability Vision guides its future direction, emphasizing green practices and community well-being.