What: Hong Kong Land is investing USD 1 billion to transform Hong Kong's Landmark Central into a leading luxury destination.

Why it is important: This significant investment aims to rejuvenate Hong Kong's luxury retail market, making Landmark Central a prime destination for global fashionistas, art enthusiasts, and high-spending tourists, thus boosting the local economy and solidifying Hong Kong's status as a luxury shopping hub.

Hong Kong Land has announced a substantial investment of $400 million, with an additional $600 million expected from retail tenants, to transform Hong Kong's Landmark Central into a premier luxury destination. This project, named "Tomorrow's Central," involves a comprehensive redevelopment of the iconic Landmark commercial complex and mall, which will remain operational throughout the three-year transformation process. Major luxury brands like Cartier, Chanel, Dior, Hermès, and Louis Vuitton will expand their retail spaces, creating two-to-eight-storey Maison destinations with exclusive features such as haute couture ateliers, private dining, and bespoke concierge services. The redevelopment will also include sustainable construction practices and introduce new luxury retail concepts, ensuring Landmark Central remains a key attraction for both local and international luxury shoppers.

USD 1bn investment aims to transform Hong Kong's Landmark Central into ultra-luxe trailblazer