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Sun Hung Kai Properties

Home shoppers flock to a sales office of Blue Coast II, Phase 3C of The Southside, developed by CK Asset in Wong Chuk Hang, at Fortune Metropolis in Hung Hom on October 19, 2024. Photo: Jonathan Wong

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.

4 Nov 2024 - 8:30AM

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

29 Oct 2024 - 8:30AMvideocam

Big Hong Kong developers enter fray for Sha Tin land tender

25 Oct 2024 - 6:17PM

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.

24 Oct 2024 - 6:32PMvideocam

Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse

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.

22 Oct 2024 - 10:02AM

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.

20 Oct 2024 - 2:45PMvideocam

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.

20 Oct 2024 - 2:35PM

Homebuyers queued for the Blue Coast ll apartments at Fortune Metropolis in Hung Hom on 19 October 2024. Photo: Jonathan Wong

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.

12 Oct 2024 - 8:15PM

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’.

11 Oct 2024 - 11:54PM

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.

11 Oct 2024 - 10:45AM

The World Games Series will be held at the Go Park Sai Sha, an integrated sports and commercial complex developed by Sun Hung Kai Properties that features several sports venues and facilities. Photo: Eugene Lee

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.

8 Oct 2024 - 9:21AM

Construction workers on a residential site in North Point. Photo: Elson Li

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.

6 Oct 2024 - 5:52PM

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.

5 Oct 2024 - 7:24PM

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.

28 Sep 2024 - 9:46PM

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

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.

16 Sep 2024 - 7:30PM

CK Asset’s Blue Coast, situated atop the Wong Chuk Hang MTR station, is a joint development with MTR Corp. Photo: Jonathan Wong

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.

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

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

The English Schools Foundation will open a new kindergarten as part of a developer’s mega project in the Sai Kung area. Photo: May Tse

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

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

Taiwanese singer OSN (in white vest) during a concert at AXA Dreamland at Go Park Sai Sha in Ma On Shan, Hong Kong, on the weekend of July 27, 2024. Photo: Yiu Wing Live

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

The construction site of 496 So Kwun Wat road in Tuen Mun, jointly developed by Sun Hung Kai Properties (SHKP) and Hanison Construction Holdings. Photo: Google Map

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 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

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

Pedestrian crossing a road in Hong Kong’s Causeway Bay neighbourhood on July 2, 2024. Photo: Sam Tsang

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

Potential buyers at the sales office of SHKP’s Novo Land at the International Commerce Centre in West Kowloon. Photo: Edmond So

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

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

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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