Interim Management Statement

Hongkong Land Hldgs Ld
07 May 2008

To: Business Editor
        For immediate release



The following announcement was issued today to a Regulatory Information Service
approved by the Financial Services Authority in the United Kingdom.



HONGKONG LAND HOLDINGS LIMITED

Interim Management Statement



7th May 2008 - Hongkong Land Holdings Limited has today issued an Interim
Management Statement covering the period from 1st January to 6th May 2008 in
accordance with the requirements of the Disclosure and Transparency Rules issued
by the Financial Services Authority of the United Kingdom.



During the period under review, the commercial property leasing markets in Hong
Kong and Singapore have remained strong.  Vacancy in the Group's office
portfolio in Hong Kong has remained low in 2008, and currently stands at some
1.7%.  The leasing of the Marina Bay Financial Centre in Singapore is proceeding
well with over half of the space having been pre-committed for both Phases I and
II.



In the residential development sector, the Group's joint venture in Beijing has
completed Phase IV of Central Park and is handing over the apartments to buyers.
In Chongqing, the pre-sale of Phase II of Bamboo Grove was launched to a good
market response.  MCL Land has acquired a further development site in Singapore.



The positive rental reversion cycle in Hong Kong together with the recognition
of profits on residential development projects will enhance earnings in 2008 and
beyond, while the Group's strong balance sheet will stand it in good stead if
the economic environment becomes more difficult.



Hongkong Land is one of Asia's leading property investment, management and
development groups, with premium commercial and residential properties across
the region.  In Hong Kong, the Group owns and manages some five million sq. ft
of commercial space that defines the CBD, while in Singapore the Group has a
number of major joint venture developments.  Its 77%-owned affiliate, MCL Land,
is a Singapore-listed residential developer.  Hongkong Land Holdings Limited is
incorporated in Bermuda and listed in London, Bermuda and Singapore.  It is a
member of the Jardine Matheson Group.



                                    - end -



For further information, please contact:



Hongkong Land Limited

Y K Pang                             (852) 2842 8428
Geoffrey Brown                       (852) 2842 8138
                                     (852) 9612 3496

GolinHarris
Sue So                               (852) 2501 7984




This and other Group announcements can be accessed through the Internet at '
www.hkland.com'.


                      This information is provided by RNS
            The company news service from the London Stock Exchange