Hongkong Land continues to focus on JV projects in Southeast Asia

Philippine property market outlook Hongkong Land
Mandani Bay in Cebu is part of a joint venture project between Hongkong Land and Taft Properties

Hongkong Land has been one of the most active overseas developers in Southeast Asia in recent years. Its Singapore subsidiary, MCL Land, is a well-known residential developer in the city state. However, most of the firm’s efforts have involved joint venture projects with local homebuilders.

For example, the firm has partnered with Robinsons Land Corporation and Ayala Land in Metro Manila while it is working with Taft Properties in Cebu. Meanwhile, the homebuilder has linked up with several Thailand-based developers for various condominium and housing projects in Bangkok.

One of Hongkong Land’s first forays into the Thai capital was The ESSE Sukhumvit 36 which was a joint venture with Singha Estate. That development was completed in December 2020.

It is also teaming up with Noble Development on The Embassy at Wireless, a superluxury condominium in the city center. Looking beyond condos, Hongkong Land and Property Perfect are set to launch a pair of housing projects in Bangkok next year.

Looking at Hongkong Land in the Philippines

Hongkong Land’s most high-profile development in the Philippines is The Velaris Residences, a joint venture project with Robinsons Land Corporation that launched in 2020. The luxury condominium features stunning designs with innovative smarthome technology to create one of the best living experiences in the Philippines.

“The Philippine property market is one of the most exciting markets in Asia, and we are delighted to be part of it and to bring the innovations and design excellence that Hongkong Land is known for. Through our partnership with Robinsons Land Corporation, we have no doubt that we can duplicate our global successes in the Philippines through The Velaris Residences,” Hongkong Land Chief Executive, Robert Wong, told the Manila Bulletin.

Related: Robinsons Land teams up with Hongkong Land for new luxury project

Hongkong Land has also partnered with Taft Properties on a 20-hectare, mixed-use waterfront development in the Cebu region. Other projects include Roxas Triangle Towers which is a joint venture with Ayala Land.