Why Hongkong Land stock is up today: buyback filing and Ares lease lift sentiment
Shares of Hongkong Land Holdings rose 2.9% to $8.15 in Singapore trading Wednesday, nearing a 52-week high as volume topped 3.1 million shares. The company confirmed Ares Management will double its office space at Gloucester Tower in Central starting March 2026. Hongkong Land bought back 185,000 shares on Jan. 12 at an average $7.87 each, to be cancelled. Investors remain focused on leasing updates and further buybacks.