Sun Hung Kai Properties
Sun Hung Kai Properties is one of Hong Kong’s largest property groups, with revenue of HK$68.4 billion in the 2011-2012 financial year, and profit attributable to shareholders of HK$43.08 billion. The company has been shaken in recent years by disputes between family members, with chairman and chief executive Walter Kwok being forced to step down in a dispute with his brothers Thomas and Raymond. In March, the Independent Commission Against Corruption (ICAC) arrested senior officials as part of a corruption probe that also included former chief secretary Rafael Hui.
SHKP offers Grand Del Sol flats
Sun Hung Kai Properties will release 224 units in Grand Del Sol, Yuen Long, for sale at an average price of $5,200 per square foot, up from $5,100 per sq ft for the last sale in July. Registration will be from September 1 to 3 and with the sale set for September 6.