Successful Bid

Hongkong Land Hldgs Ld 26 August 2005 For immediate release HONGKONG LAND SECURES LAND-USE RIGHTS OF CHONGQING PROJECT 'Bamboo Grove' to be Group's first development in China's western region 26th August 2005 - Hongkong Land Holdings Limited today announced that it has been informed by the Chongqing Land Exchange Centre of the Group's successful bid for the land-use rights of Bamboo Grove, a high quality residential and commercial project located in the Hi-tech Industry Development Zone of Chongqing in Western China. Hongkong Land's bid was submitted in conjunction with development company Chongqing Longhu Real Estate Development Inc. ('Chongqing Longhu'), the leading real estate corporation in Chongqing. The site comprises an area of approximately 450,000 square metres with a total developable area of one million square metres. The land premium payable is RMB540 million (US$66.53 million). Development of the project is scheduled to commence in 2006. Mr Nicholas Sallnow-Smith, Chief Executive of Hongkong Land said, 'We are delighted with our successful bid. Bamboo Grove represents an excellent investment opportunity for us alongside Chongqing Longhu, a very capable partner. 'This investment builds on our successes in the Beijing residential sector, reflecting our continuing focus on strategic opportunities that match Hongkong Land's expertise and interest in high quality property developments,' he added. The successful bid marks Hongkong Land's entry into the Chongqing property market. Chongqing is the most populous city in China and it is strategically positioned in terms of China's western regions. It is also the country's fourth municipality, along with Beijing, Shanghai and Tianjin. Hongkong Land is a leading property investment, management and development group with a major portfolio in Hong Kong, where it owns and manages some five million sq. ft of prime office and retail space in the heart of the Central business district. It also develops high quality property projects elsewhere in Asia. Hongkong Land Limited manages these assets from Hong Kong by providing services to Group companies. Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share listing in London. The Company's shares are also listed in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group. Chongqing Longhu Real Estate Development Inc. was founded in 1995 and is the leading developer in the Chongqing real estate market. As of March 2004 Chongqing Longhu had a completed project area of nearly one million square metres, 76 percent of which is residential development. In 2003 the company's residential development Longhu Garden was awarded the top prize in the 2003 National Residential Users Satisfaction Survey organised by China Quality Conference. - end - For further information, please contact: Hongkong Land Limited Nicholas Sallnow-Smith (852) 2842 8300 Matheson & Co Ltd Martin Henderson (44) 207 816 8135 GolinHarris C T Hew (852) 2522 7928 Weber Shandwick Square Mile Richard Hews/Helen Thomas (44) 207 067 0700 This and other Group announcements can be accessed through the Internet at ''. This information is provided by RNS The company news service from the London Stock Exchange
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