Media OutReach
Hang Lung Opens Westlake 66, Hangzhou’s Newest Mixed-Use Destination With a Unique and Compelling Tenant Mix and Unmatched Quality
The Company’s 11th Mainland project has achieved >90% retail leasing rate across ~250 stores
HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 28 April 2026 – Hang Lung Properties Limited (“Hang Lung” or the “Company”; stock code: 00101) is pleased to announce the opening of Westlake 66, a 390,200-square-meter mixed-use destination in Hangzhou. Westlake 66 is a sophisticated, lifestyle-driven development comprising a world-class shopping mall, five Grade-A office towers, and Zhejiang Province’s first Mandarin Oriental hotel. As the Company’s 11th project in the Chinese Mainland, it establishes a dynamic new hub of commerce, culture, and community, meticulously designed to deliver a superb spatial experience for the new generation of consumers.
The complex is situated in the heart of the Wulin Central Business District, itself one of the most prosperous in China. With stations accessing three metro lines within easy walking distance, the district also boasts one of Hangzhou’s most valuable foot traffic catchment areas.
Robust demand for this prime location has resulted in a highly curated retail mix, spanning 105,900 square meters, weighted toward sophisticated lifestyle and experiential brands. The complex features a diverse retail offering, including several luxury brands, fashion & accessories, food & beverage, lifestyle & entertainment, and more. It has already achieved a retail leasing rate of over 90%, approximately a third of which are first-to-market concepts. More stores are scheduled to open in phases, with the opening rate set to build steadily throughout 2026.
Westlake 66 also encompasses five Grade-A office towers spanning 95,600 square meters of modern workspace designed for top global and domestic companies. Of these, Office Tower E is already fully leased and in operation. Zhejiang Province’s first Mandarin Oriental hotel is set to open in early 2027, offering 194 luxury rooms and suites, and a set of world-class wellness and dining facilities.
Mr. Adriel Chan, Chair of Hang Lung, said,”We are thrilled to celebrate our 66th anniversary alongside the opening of Westlake 66. The project is a testament to Hang Lung’s ‘We Do It Well’ philosophy, demonstrating exceptional design, build, and service quality, and a deep commitment to the Hangzhou and Zhejiang communities. This opening is underpinned by a very strong retail leasing rate, showing the strength of Hangzhou’s retail market, and the broader economy.”
Placemaking Through Commerce, Culture, and Community
The design of Westlake 66 exemplifies our commitment to placemaking. The complex prioritizes community-centric design, weaving commercial, cultural, historical, and natural spaces together, creating an immersive and compelling environment that emphasizes community engagement and wellbeing.
This philosophy is exemplified by “The Oasis,” a 10,000+ square-meter landscaped urban sanctuary, seamlessly linking the office towers, shopping mall, and hotel within a panoramic corridor that offers an elevated, open-air environment at the heart of the CBD, enhanced by the generous space and lush landscaping.
Westlake 66 also incorporates the city’s rich cultural heritage through the preservation of Song and Yuan dynasty relics, which will be housed in an in-mall exhibition hall. Complementing this effort, the two historic buildings at 5 Yesutang Lane and 1 Jingqingli have been carefully restored and revitalized. These cultural heritage sites will open later in 2026, creating a living connection between this modern space and the ancient community of Hangzhou.
Leading in Sustainable Development
Hang Lung’s commitment to sustainable development is demonstrated at Westlake 66 through renewable energy integration and pioneering material use, including low carbon concrete bricks — a first for commercial developments in Mainland and Hong Kong. The complex has secured and achieved certifications and pre-certifications under multiple global green building standards, including China Green Building Design Label, WELL, LEED, and BREEAM, reflecting a holistic approach to environmental performance and long-term resilience.
Mr. Weber Lo, Chief Executive Officer of Hang Lung, added, “Westlake 66 has been built to be the new ‘Pulse of the City’ for Hangzhou, contributing to the city’s position as an international consumption center. By creating a dynamic, community-centric hub, we aim to enrich the urban fabric of Hangzhou while strengthening the economic environment. With a compelling array of first-to-market brands and unique experiences, we are confident that Westlake 66 will set a new regional benchmark and create lasting value for the Company and the city.”
Looking ahead, to advance the Company’s V.3 strategy, the complex will expand its retail area by 40% and triple its prime street frontage to over 200 meters by partnering with Baida Group, with the new phase slated for handover in 2028, further driving sustainable, long-term growth.
Hashtag: #HangLungProperties
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong and Shanghai, the Company manages a portfolio of over 3.5 million square meters of retail, office, residential, and hotel properties across Hong Kong and Chinese Mainland.
The Company’s diverse portfolio in Hong Kong includes office towers and malls in prime districts, as well as luxury residential developments in prestigious areas. In Chinese Mainland, under the signature “66” brand, the Company’s mixed-use and retail developments are regarded as premium landmarks, strategically located in the hearts of key cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou.
The Company is recognized for pioneering sustainability in the real estate industry, with an MSCI ESG rating of AA and inclusion on CDP “A List” for Climate Change. The Company powers 90% of its operating properties in the Mainland with renewable energy, with a net zero commitment by 2050.
At Hang Lung Properties – We Do It Well.
For more information, please visit 
www.hanglung.com.
About Westlake 66, Hangzhou
Westlake 66 marks the 11th mixed-use commercial development of Hang Lung Properties in the Chinese Mainland. Strategically situated in the heart of the Wulin Central Business District, the complex spans a total gross floor area of over 390,000 square meters. It features a 100,000-square-meter world-class shopping mall, five Grade-A office towers, and the first Mandarin Oriental hotel in Zhejiang Province. Westlake 66 also incorporates Hangzhou’s cultural heritage through the preservation of Song and Yuan dynasty relics, as well as the two historical buildings at 5 Yesutang Lane and 1 Jingqingli.
As a strategic expansion of Westlake 66, Hang Lung has entered into a 20-year lease agreement with Baida Group to operate the South and North Towers of the Hangzhou Department Store. This partnership will add approximately 42,000 square meters of retail space to Westlake 66 starting in April 2028.
Recognized for its design excellence, Westlake 66 was honored with the Gold Award for “Best New Mega Development” in the MIPIM Asia Awards 2023. The complex is the first commercial development project in Chinese Mainland and Hong Kong to adopt low-carbon concrete bricks in its construction.
Media OutReach
Linkflow Capital: SME Borrowing Costs Ease to 8.18% in 2025 as Larger Loans Return, but Middle East Conflict Threatens 2026 Outlook
SINGAPORE – Media Outreach Newswire – 29 April 2026 – Singapore’s SMEs experienced their first easing in borrowing costs in three years, with average unsecured lending rates falling to 8.18% per annum in 2025 from a multi-year high of 8.47% in 2024, according to Linkflow Capital’s latest SME Financing Accessibility Survey. Larger loan approvals above $500,000, which had disappeared entirely in 2024, also returned to form 5% of approvals in 2025.
The recovery, however, was uneven. Bank loan processing times stretched to 33 days on average, up from 22 days in 2024, while non-bank funders disbursed approved cases in just 7 days. The widening gap reshaped lender competition through the year.
Key findings from the 2025 survey:
- Borrowing costs eased modestly: Average SME loan interest rate fell 29 basis points to 8.18% per annum but remain stubbornly high against the backdrop of a significant decline in benchmark 3-month SORA rate throughout 2025.
- Larger loans returned: Approvals above $500K returned to 5% of approved loan dollar volume in 2025 after disappearing entirely in 2024. Loans in the $300K–$500K bracket also expanded from 3% to 7%.
- Loan approval rate recovered to 74%, up from 70% in 2024 (a 5-year low).
- Foreign banks extended their market share of loan origination within our platform: Foreign lenders grew their share of approved loan dollar volume to 38% in 2025, up from 26% in 2024 and 19% in 2023, while local banks fell to 46% (from 59%). Digital banks recovered modestly to 11% (from 8%).
- Credit-related rejections nearly tripled: Among unsuccessful applicants, those rejected due to adverse personal credit records jumped from 3% in 2024 to 11% in 2025, signalling rising personal credit stress among SME owners.
“2025 was the year SME credit conditions began to thaw after the 2024 squeeze, but the recovery was uneven,” said Benjamin Teo, spokesperson for Linkflow Capital. “Banks gradually reopened to larger loans, yet took meaningfully longer to process applications. Some SMEs facing immediate cash flow pressure turned to non-bank funders for speed, even at higher costs.”
A new and more severe headwind for 2026
Linkflow Capital flagged the Middle East conflict which began in February 2026 as the most consequential macroeconomic event facing Singapore SMEs in the year ahead. The conflict has elevated freight, energy and shipping costs through Iran’s intermittent disruption of the Strait of Hormuz.
“Singapore SMEs entered 2026 facing a potential macro shock with the Middle East conflict,” Teo said. “The inflationary price pressures feed directly into SME operating costs through fuel, freight, and energy. We expect credit conditions to re-tighten, and the modest 2025 thaw could partially reverse if the conflict escalates.”
The full survey findings and detailed charts are available at: https://smeloan.sg/blog/2025-sme-finance-accessibility-survey/
Website: smeloan.sg
LinkedIn: sg.linkedin.com/company/linkflow-capital-pte-ltd
Facebook: https://www.facebook.com/LinkflowSG/
Hashtag: #LinkflowCapital #SMEFinancing #SMELoan #SingaporeSME #BusinessLoan #SMEBanking #SMECredit
https://smeloan.sg/
https://sg.linkedin.com/company/linkflow-capital-pte-ltd
https://www.facebook.com/LinkflowSG/
https://www.instagram.com/linkflow_capital/
The issuer is solely responsible for the content of this announcement.
Linkflow Capital
Founded in 2012, Linkflow Capital is a leading SME loan consultancy in Singapore. Through its loan comparison portal and advisory services, Linkflow Capital assists SMEs in navigating the financing landscape and securing funding solutions from an extensive network of banks and financial institutions.
Recognising AI Startups to Lead New Momentum in Hong Kong’s I&T Development
HONG KONG SAR – Media OutReach Newswire – 29 April 2026 – SUNeVision Holdings Ltd. (“SUNeVision”, SEHK: 1686), the largest data centre provider in Hong Kong and the technology arm of Sun Hung Kai Properties Limited (“SHKP”), announced the successful completion of the third edition of its Startup Programme. The final winners emerged from a distinguished cohort of home-grown startups that showcase AI-driven innovations integrating advanced technology with sustainability, while contributing to Hong Kong’s vibrant startup ecosystem.
This year’s programme attracted nearly 100 high-calibre applications, the majority of which showcased AI-native solutions across smart city, green technology, digital assets, EdTech, and immersive entertainment. Through a structured series of intensive workshops, expert mentorship, and ecosystem engagement, SUNeVision supported participating startups in refining their business models and pitches, strengthening their technological capabilities, and accelerating go‑to‑market strategies.
The award-winning startups from this year’s programme include:
- AquaSage Group: A maritime fintech startup specialising in vessel tokenisation, converting traditional maritime business into regulated digital assets.
- ChatnLearn EdTech Limited: An AI‑powered platform delivering interactive and personalised English learning and speaking training.
- Green Vigor Limited: A greentech innovator deploying hydropower recycling systems within building water tanks and cooling infrastructure to generate renewable energy.
- Oh My Ink Technology Limited: An AI‑enabled tattoo try‑on platform offering real‑time skin visualisation before permanent application.
Helen Lo, Executive Director & Director, Commercial at SUNeVision, said: “We are impressed by this cohort’s exceptional ideas, which demonstrate how AI can be harnessed to deliver smarter, more personalised experiences and propel sustainable energy advancements, transforming technological innovation into tangible, real-world impact for the industry. Now in its third year, our Startup Programme has become a launchpad for high-impact innovation, empowering startups to accelerate their growth journeys and expand into global markets. We remain committed to fostering a dynamic AI ecosystem and strengthening Hong Kong’s role as a global innovation hub.”
The programme winners will receive SUNeVision Credits valued at up to HK$160,000, redeemable for support services offered by SUNeVision and the programme partners. The initiative equips startups with a solid digital foundation to deploy and scale AI‑driven applications within SUNeVision’s hyperscale data centre facilities, supported by low-latency connectivity. Participants will also gain access to a vibrant ecosystem of more than 300 technology and business partners, service providers, and key stakeholders. An array of tailored support will be provided by the programme partners, covering:
- Angelflow: Syndicate technology infrastructure
- Dataplugs: Internet and managed hosting
- Finda Cloud: Value-added cloud services and SaaS
- Nexusguard: DDoS protection and cybersecurity
- SUNeVision: Data centre colocation and hosting
- Sustainable SmartTech Ventures: AI-powered smart building management technologies
- the Hive.: Co-working space
- Votee AI: Authentic Cantonese translation
- WeExpand: Agentic AI services for sales and marketing automation
For more details about the SUNeVision Startup Programme, please visit [website].
Hashtag: #SUNeVision
The issuer is solely responsible for the content of this announcement.
About SUNeVision
SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.
SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.
For more information, please visit SUNeVision’s website, WeChat.
Desert diamonds, first unveiled as a beacon in October 2025, draw inspiration from the colors of the earth from which they originate. The campaign celebrates a unique spectrum of colors — each shade telling a story of resilience, authenticity, and enduring love. The bridal campaign will build upon the success and momentum of the Q4 Desert diamonds launch.
Evolving the modern bridal aesthetic and highlighting the distinct character of each stone, Desert diamonds’ warm hues echo diverse forms of love, with sunlit whites and champagnes, soft sand tones and sunset blush and dawn colors reflecting the uniqueness of nature’s beauty. Together, these colors celebrate the evolving journey of love in all its forms – authentic, true and timeless.
The Desert diamonds bridal campaign is an industry-wide umbrella program, the goal of which is to create demand for natural diamonds by reigniting consumer desire with a new and relevant message. Retailers and designers across the industry have been working to develop pieces that showcase the full desert-inspired palette, including notable jeweler Kindred Lubeck, who will unveil her first bridal collection in conjunction with the campaign launch.
Launching 13 April 2026 across the United States, De Beers’ A Diamond Is Forever Desert diamond bridal campaign is supported by an integrated marketing effort across digital, social, and experiential channels, while also including out-of-home, social media and publishing partnerships. Using evocative storytelling, that creative spotlights how each natural diamond is as unique as the love it represents. Premium targeting efforts across digital platforms and geotargeting around key retailers will result in an estimated reach of 25 million American consumers – placing Desert diamonds in bridal content while leveraging shopper data and look-a-like audiences. Further amplification across the Brides, Martha Stewart, and greater People Inc. portfolio will educate, inspire and reinforce Desert diamonds as the enduring choice.
Sandrine Conseiller, CEO of De Beers Brands & Diamond Desirability, said:
“The success of Desert diamonds reinforces the spirit of authentic, evolving love. Today’s brides want something truly unique that delivers meaning and individuality. Natural diamonds, forged by nature over billions of years, in a range of color choices are the perfect symbol of a love that is uniquely theirs – resilient, genuine, timeless, colorful. This soft palette of natural colors celebrates the modern couple’s desire to celebrate the individuality of their commitment and the promise of a forever that truly reflects their story.”
Hashtag: #DeBeersGroup #Desertdiamonds #DesertBridal #adiamondisforever #naturaldiamonds #diamonds
http://www.debeersgroup.com
https://www.linkedin.com/company/debeersgroup/
http://www.twitter.com/DeBeersGroup
http://www.facebook.com/DeBeersGroupOfCompanies/
http://www.instagram.com/debeersgroup
The issuer is solely responsible for the content of this announcement.
About De Beers Group
Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers London and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach to sustainability that underpins our efforts to create meaningful impact for the people and places where our diamonds are discovered. Building Forever focuses on three key areas where, through collaborations and partnerships around the globe, we have an enhanced ability to drive positive impact; Livelihoods, Climate and Nature. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.
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