Result of Tender Offer

Hong Kong Land Hldgs Ld
19 March 2001


To :   Business Editor                For immediate release


HONGKONG LAND - CONSORTIUM WINS TENDER FOR THE MARINA BOULEVARD SITE IN
SINGAPORE

19th March 2001 - Hongkong Land Holdings Limited today announced that the
consortium comprising Hongkong Land, Cheung Kong (Holdings) and Keppel Land
had been awarded the tender for the white site at Raffles Quay/Marina
Boulevard in Singapore.  The consortium announced on 13th March 2001 that it
had tendered for the site, which is designated for commercial, residential and
/or hotel development.  The tender was awarded on 16th March 2001 at the price
of S$461,816,800 for a total gross floor area of 147,770 m2.  The land parcel
was offered for sale on 99-year lease.  Results of the tender were announced
by the Urban Redevelopment Authority of Singapore through its official website
www.URA.gov.sg.


Hongkong Land is a leading property and infrastructure investment, management
and development group.  The Company owns and manages some 5 million sq. ft of
prime office and retail space in the heart of Hong Kong's Central business
district.  It is active primarily in the Hong Kong SAR, Mainland China and
Singapore, and has a portfolio of property and infrastructure interests in
other Asian cities.  Hongkong Land employs some 600 people, has its primary
share listing in London, and at end of 2000, reported shareholders' funds in
excess of US$6 billion.



                                   - end -

For further information, please contact:

Hongkong Land Limited

Nicholas Sallnow-Smith                                          (852) 2842 8401

Matheson & Co. Limited

Martin Henderson                                             (44) 020 7816 8135

Golin/Harris Forrest

Adrian Overholser                                               (852) 2501 7937

Golin/Harris Ludgate

Richard Hews                                                 (44) 020 7324 8888


This and other Group announcements can be accessed through the Internet at 
'www.hkland.com'.