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Sun Hung Kai Properties

A view of SHKP’s Yoho Hub development in Yuen Long. Photo: Google maps

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.

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

28 Sep 2024 - 9:46PM

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

16 Sep 2024 - 7:30PM

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

5 Sep 2024 - 9:28PM

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.

30 Aug 2024 - 12:20AM

Hung Shui Kiu in the New Territories. Photo: Winson Wong

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.

22 Aug 2024 - 9:00AM

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.

12 Aug 2024 - 3:22PMvideocam

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.

12 Aug 2024 - 8:41AM

A view of Novo Land, a residential project by Sun Hung Kai Properties in Tuen Mun, on June 7, 2024. Photo: Edmond So

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.

9 Aug 2024 - 4:22PM

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.

29 Jul 2024 - 6:56PM

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.

24 Jul 2024 - 11:25PM

SHKP’s land exchange agreement with the government involves the first phase of the lease of its site in Area 10, Fanling North. Photo: SCMP

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.

17 Jul 2024 - 8:46PM

The parcel of land, which can support around 280 flats, went for HK$619 million (US$79.29 million) or HK$3,952 per square foot, according to Land Department filings on Wednesday. Photo: Sam Tsang

Hong Kong retail ‘malaise’ to persist amid ‘structural changes’ in spending

Retail sales will remain under pressure this year after declining 6 per cent year on year in the first five months, and only retailers that adapt to changing spending patterns will thrive, says S&P Global Ratings.

8 Jul 2024 - 5:41PM

Big discounts drive new home sales at SHKP project as buyer sentiment improves

SHKP’s Novo Land phase 3B sold 135 of 160 units on offer on Saturday, but 30 units at Continental’s Amber Place in Cheung Sha Wan went unsold.

22 Jun 2024 - 11:05PM

Buyer’s market for Hong Kong flats persists with Sun Hung Kai’s 17% discount

New batch of homes in Novo Land priced well below previous offerings in the same project, as developers continue bargain offerings to clear inventory.

11 Jun 2024 - 8:00PM

A view of the Novo Land residential project by Sun Hung Kai Properties in Tuen Mun, Hong Kong, on June 7, 2024. Photo: Edmond So

Hong Kong developers keep discounted flats coming as they pare inventory

Henderson Land, Right Honour and Sun Hung Kai unveil price lists for new units as builders see hopes of lower interest rates lifting buyer sentiment.

7 Jun 2024 - 5:00PM

A View of Sun Hung Kai Properties’ Novo Land development in Tuen Mun, Hong Kong, on June 7, 2024. Photo: Edmond So

Homebuyers snap up nearly all flats offered at Yoho Hub II for the second weekend

The developer sold 203 units out of 213 on offer at Yoho Hub II in Yuen Long as of 5pm on Saturday.

18 May 2024 - 7:17PM

Hong Kong developer urges more time to work out Hung Shui Kiu new town plan terms

Source says firm to consider withdrawing its land exchange applications for border project unless negotiation time for premium extended and commercial sites reduced.

10 May 2024 - 8:09AM

Number of Hong Kong mortgage holders with negative equity soars to 20-year high

The number of Hongkongers with negative-equity loans stood at 32,073 in the first quarter of the year, tripling from the previous quarter and the most since some 40,000 cases were recorded in the first quarter of 2004.

2 May 2024 - 10:54AMvideocam

A pedestrian walks past a property agency in Hong Kong. Property prices in the city rose for the first time in 11 months in March. Photo: AFP

Swiss bank UBS marks completion of new office building for Hong Kong staff

The 14-storey office tower in West Kowloon will bring the bank’s staff, who are currently spread around the city, under one roof and will also be used to host VIP client meetings. UBS expects to move into the building by 2026.

27 Mar 2024 - 7:22PM

SHKP in pole position to benefit from Hong Kong’s property easing measures

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

6 Mar 2024 - 4:01PM

Explainer | With Hong Kong’s property curbs over, keep an eye out for these 5 projects

The removal of property curbs in the Hong Kong government’s budget announcement last week has generated a very encouraging response in the housing market.

6 Mar 2024 - 7:32AM

A real estate agency in Hong Kong. Photo: Bloomberg

What’s the buzz over Hong Kong budget? Is it time to buy flat, who pays more tax?

Property agents say they expect sales to increase as a result of the end of curbs.

29 Feb 2024 - 12:41AM

An estate agent in Jordan puts up a sign to highlight the removal of curbs on the property market after the budget statement. Photo: Jelly Tse

Hong Kong developers urge government to remove all property cooling measures

Hong Kong developers have joined a chorus urging the government to remove all the remaining cooling measures to revive the property sector.

21 Feb 2024 - 7:31PM

SHKP tops Hong Kong’s home sales in 2023 as deals hit a 33-year low

Sun Hung Kai Properties (SHKP) topped the city’s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world’s most expensive property markets.

3 Jan 2024 - 4:06PM

Pessimism abounds in Hong Kong’s property market even as rate outlook improves

Hong Kong may have seen the last of the interest rate hikes in the current tightening cycle, but analysts warn this may not prevent property prices from slipping further.

18 Dec 2023 - 8:00AM

A view of residential buildings in Hong Kong’s Tseung Kwan O area. Photo: Sun Yeung

Hong Kong’s Ma Tau Wai project awarded to Sino Land after US$272 million bid

A Sino Land-led consortium won the right to develop a plot in Hong Kong’s Shing Tak Street from the Urban Renewal Authority (URA), after its bid displayed confidence in a highly sought location.

14 Dec 2023 - 10:45PM

The Shing Tak Street/ Ma Tau Chung Road Development Project (CBS-1: KC). The Urban Renewal Authority (URA) launched pilot projects in Kowloon City to redevelop buildings under the Civil Servants’ Co-operative Building Society Scheme. Photo: Winson Wong

More than 1 in 10 Hongkongers think it is ‘good time’ to buy property: survey

The number of Hongkongers who say it is a ‘good time’ to buy a house fell three percentage points in September from a year ago, according to a study conducted by Citi Hong Kong, but it is the second most optimistic result recorded in the past 11 years.

12 Dec 2023 - 4:57PM

Sun Hung Kai’s biggest weekend sale since 2022 pays off on back of strong demand

About 90 per cent of flats on offer this weekend at Yoho West, a joint project between SHKP and MTR Corp, are expected to be sold, according to agency estimates.

2 Dec 2023 - 6:27PM

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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