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.
Sun Hung Kai Properties expects competition to heat up next year, with heavy subsidies on stamp duties to cut profit margins, after it reported a 14.99 per cent increase in full-year core profit.Saturday, 13 September, 2014, 7:17am 1 comment
Sun Hung Kai Properties, the world's largest listed developer by market value, raised S$320 million (HK$1.99 billion) yesterday through a long-term Singapore dollar corporate bond, signalling that global investors remain interested in Hong Kong and mainland property businesses.10 May 2014 - 10:10am
Sun Hung Kai Properties yesterday made its entry into Tseung Kwan O's Lohas Park area, which has long been dominated by rival Cheung Kong, by winning the fourth phase of the residential development project.30 Apr 2014 - 4:50am
Sun Hung Kai Properties launched its Mount One residential project in Fanling with significant price concessions and the offer of a one-year bridge loan equivalent to as much as 70 per cent of a flat's value as an added lure for buyers.9 Apr 2014 - 1:41am
Sun Hung Kai Properties said first-half core profit fell 7.8 per cent as it announced plans to raise up to HK$22 billion by issuing bonus warrants to be used to build up its land bank in Hong Kong in the years ahead.1 Mar 2014 - 5:02am
Sun Hung Kai Properties' price cutting strategy proved an effective tactic in attracting home buyers when it relaunched its residential project in Yuen Long, pricing it as low as HK$7,583 per square foot.
All 62 units at the Riva in Kam Tin were sold by 6pm yesterday, according to market sources.19 Feb 2014 - 1:38am
Sun Hung Kai Properties launched the latest batch of 152 units at its luxury Riva residential project in Yuen Long at prices that were up to 15 per cent below the current prices in the area.11 Feb 2014 - 2:00am
In a banquet celebrating the 84th birthday of matriarch Kwong Siu-hing last month, guests and senior company executives had a surprise - Walter Kwok Ping-sheung, Kwong's eldest son and the ousted chairman of Sun Hung Kai Properties, sat next to her on stage to toast guests.29 Jan 2014 - 5:03am 2 comments
The Kwok family, which controls Hong Kong's second-biggest developer, Sun Hung Kai Properties, announced yesterday that it had reached "an amicable agreement regarding the treatment of the family's interests" that control the HK$260 billion real estate empire.29 Jan 2014 - 5:12am 1 comment
As general manager of Sun Hung Kai Properties' leasing department, Maureen Fung Sau-yim has seen the development of a string of new shopping malls over the past decade, each one bigger than the last.28 Jan 2014 - 6:40pm 1 comment