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Sun Hung Kai Properties

Sun Hung Kai Properties is one of Hong Kong's largest property groups. The company is owned and controlled by the Kwok family, Hong Kong's richest family. It focuses on developing premium residential estates, offices, shopping malls, hotels and service flats in Hong Kong and in mainland China.

Chairman / President

Raymond Kwok

CEO / Managing Director

Adam Kwok

CFO / Finance Director

Richard Wong

Industry

Real estate

Website

shkp.com

Headquarters address

Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong, SAR

Stock Code

SEHK:0016

Year founded

1963

last updated:

30 September, 2024

Secretary for Development Bernadette Linn says an agreement signed last month aimed to unite efforts and promote the project near the border with mainland China. Photo: May Tse

Hong Kong economy

Hong Kong’s Northern Metropolis MOU a ‘general expression’ of support: minister

Bernadette Linn says non-binding deal to support megaproject does not require commitments for formal tenders.

22 Dec 2024 - 6:09PMvideocam

Sun Hung Kai Properties

Hong Kong’s Northern Metropolis MOU a ‘general expression’ of support: minister

Bernadette Linn says non-binding deal to support megaproject does not require commitments for formal tenders.

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Hong Kong developers say profits come first after Beijing’s North Metropolis call

Cautious bids expected for second try at Hong Kong land sale

MTR Corp’s tender for a Tung Chung site follows a senior government official’s call for developers to show faith in Hong Kong’s future.

Mainland Chinese buyers rush into Hong Kong property, agents say

Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions.

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

Big Hong Kong developers enter fray for Sha Tin land tender

Site STTL 625, which has an area of 5,652 square metres, can support a total of 570 units.

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

Hong Kong property developers lift prices as sentiment improves

Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.

Hong Kong developers launch mainland homes to catch hot demand

Companies experienced a surge in showroom visits during China’s ‘golden week’ holiday earlier this month.

Buyers swarm Hong Kong’s biggest home sales weekend in 6 months

Buyers snapped up more than 300 of 504 new flats across Blue Coast II in Wong Chuk Hang and Cullinan Sky in Kai Tak on Saturday.

Sun Hung Kai’s Cullinan Sky sees another weekend of brisk sales

Quantitative easing and a slew of economic stimulus measures from Beijing have increased buyer confidence, agents say.

World Games Series opens in Hong Kong, official praises event for promoting sport

Ceremony welcomes athletes ahead of weekend competitions, as deputy finance minister hails venue that ‘does not cost the government a dime’.

World Games Series debut in Hong Kong to allow city to host multi-sport events

One observer says three-day event will ‘warm up’ city to go beyond single sports competitions such as the Hong Kong Sevens.

Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

Homebuyers flock to Sun Hung Kai’s Cullinan Sky project in Kai Tak amid rate cut

As of 7pm, homebuyers snapped up 204 flats out of the 300 units on offer at Cullinan Sky Phase 1.

Hong Kong developers have best day since May as 200 flats snapped up on rate cut

Hong Kong saw the most number of new flats sold on a single day since May as market sentiment improved after a rate cut by the HKMA.

CK Asset is first off the blocks touting new flat sale ahead of rate cut

Li Ka-shing’s flagship developer says it will put 558 units on the south side of Hong Kong Island on sale as soon as next month.

SHKP gears up for rate cuts with slew of Hong Kong property projects

Hong Kong’s largest developer by market cap posted a 20 per cent drop in net profit to HK$19.04 billion (US$2.44 billion) for the year ended June.

Concerns raised over Hong Kong decision to allow more housing on site near border

Decision to allow up to 20 per cent of non-residential floor area of Hung Shui Kiu site to be converted to housing use raises eyebrows.

Hong Kong’s ESF school group to open kindergarten under mega project in Sai Kung

New school will be built on land currently being developed by Sun Hung Kai Properties as part of mega project in Sai Sha.

Hong Kong shopping centres enjoy boost in footfall with Olympic tie-in events

Henderson Land Development says dozens of shopping malls under its portfolio recorded better-than-expected foot traffic over past fortnight.

Hong Kong developers poised to put 10,000 more new flats on market this year

New flats made available this year will total nearly 20,000, according to Midland Realty, as developers pin hopes on a rate cut to spur sales.

Can this new Hong Kong music venue fill a hole left by Kitec?

The 1,500-person-capacity AXA Dreamland at Go Park Sai Sha in Ma On Shan could soften the blow of the loss of Kitec’s 600-seat Music Zone, where bands including Mirror launched their careers.

SHKP returns to the drawing board as Hong Kong’s slump worsens

The move by Hong Kong’s most valuable developer could herald more delays, as the discount war among competing builders gathers momentum amid deteriorating sales.

Sun Hung Kai plans 600-unit project in Fanling via land exchange scheme

Hong Kong’s largest developer completes first land exchange agreement with the government under the revised arrangements for the Enhanced Conventional New Town Approach.

SHKP wins hotly contested plot in Sha Tin for price at mid-point of estimates

The amount paid – HK$3,952 per square foot – was less than half the price commanded by a comparable parcel of residential land sold off by the government almost two years ago in the same area.