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The company recorded revaluation gain of 2.995 bln hkd from its investment properties during the six months to June, up from 795 mln a year earlier.
Underlying profit, which reflects the performance of the company's core property investment business, rose 18.2 pct to 605 mln hkd due to substantially higher rentals at investment properties.
Revenue for the six months increased by 19.3 pct to 791 mln hkd, with office sector turnover increasing 24.1 pct to 335 mln hkd and retailing assets generating 21.1 pct rise to 299 mln hkd.
"Office sector growth reflected substantial rental increase on renewals as well as rent reviews, complemented by lettings to new tenants. The retail sector benefited from increases in rent," Hysan said in a statement.
Looking ahead, Hysan said it remains cautiously optimistic about the Hong Kong investment property market.
It said limited supply of Grade A offices in core business districts and healthy employment conditions should benefit the company's commercial property portfolio.
(1 usd = 7.8 hkd)
roby.lau@xfn.com
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