Hysan Development Co Ltd and Chinachem’s Lee Garden Eight: A New Era in Urban Living
HONG KONG, May 8, 2025 /PRNewswire/ – In a significant development for Hong Kong’s real estate landscape, Hysan Development Company Limited (“Hysan”) and Chinachem Group (“CCG”) have announced a groundbreaking partnership with Foster + Partners. This collaboration aims to redefine urban living and sustainable development through the creation of Lee Garden Eight, a premium mixed-use commercial development located in the heart of Causeway Bay.
A New Landmark in Causeway Bay
Lee Garden Eight is poised to become the new centrepiece of Causeway Bay, offering a next-generation workplace and retail landmark. The development is designed to seamlessly integrate with the city’s vibrant atmosphere while transforming the urban environment into an oasis of light, air, and limitless potential. This human-centric and future-proof design is set to redefine how people live, work, and connect in the bustling metropolis.
Sustainable Development and Human-centric Design
The collaboration with Foster + Partners emphasizes sustainable development and human-centric design. Lee Garden Eight will feature innovative architectural solutions that prioritize environmental sustainability and enhance the quality of life for its occupants. The development aims to harness the buzz of the city while providing a tranquil and inspiring environment.
Financial Overview of Hysan Development Co Ltd
As of May 6, 2025, Hysan Development Co Ltd’s close price on the Hong Kong Stock Exchange was HKD 12.7. The company’s market capitalization stands at HKD 13 billion. Over the past year, the stock has experienced a 52-week high of HKD 14.5 on October 2, 2024, and a 52-week low of HKD 10.36 on August 1, 2024. The price-to-earnings ratio is notably high at 371.48, reflecting the market’s valuation of the company’s growth potential.
About Hysan Development Co Ltd
Hysan Development Co Ltd is a real estate investment company based in Hong Kong, specializing in the ownership and operation of commercial rental and luxury residential buildings. The company also invests in treasuries. Since going public in September 1981, Hysan has established itself as a key player in Hong Kong’s real estate sector. More information about the company can be found on its website at www.hysan.com.hk .
This strategic partnership and the launch of Lee Garden Eight mark a significant milestone for Hysan Development Co Ltd and Chinachem Group, setting a new standard for urban development in Hong Kong.