It is the second developer to cut its sales forecast, following Sun Hung Kai Properties' announcement last week that it would lower its sales target by 8.5 per cent.
- Mon
- Mar 4, 2013
- Updated: 10:41am
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SHKP
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.
28 Feb 2013
The fall in sales for the full year would be unavoidable, said Victor Lui Ting, a deputy managing director of SHKP, because of the measures imposed by the government to rein in property price...
14 Sep 2012
The co-chairmen of Sun Hung Kai Properties, who have been charged with bribery-related offences, hint that they have no plans to step down temporarily despite being involved in a legal battle that...
17 Jul 2012
The worst may be over for shares in Sun Hung Kai Properties (SHKP), which appear to have fully priced in the corruption investigation into the company's billionaire co-chairmen.
14 Jul 2012
Analysts expect short-term volatility in Sun Hung Kai Properties' stock after its joint chairmen, Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen, begin a legal battle that is expected to last...
Until they were arrested yesterday, the Kwok brothers were primarily known as hardworking visionaries who helped build Sun Hung Kai into one of the biggest property developers in Hong Kong.
Former Sun Hung Kai Properties chairman Walter Kwok Ping-sheung (right) said he was disappointed by the conclusion drawn by an audit committee on the company's governance which cleared it of any...
Sun Hung Kai Properties (SHKP) is marketing its office developments in Hong Kong, Beijing and Shanghai with well-defined branding while building landmark structures that reinforce Hong Kong's...
Sun Hung Kai Properties is releasing all 188 flats available at Waterfront South in Aberdeen for sale tomorrow. It offered the initial batch of 32 units at $3,043 per square foot.
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Sun Hung Kai Properties (SHKP) will provide up to 25 per cent top-up mortgages as an extra sweetener to boost sales of remaining flats in its Castello project in Sha Tin.
Sun Hung Kai Properties says it has sold more than 200 flats at its 1,744-unit Castello project in Sha Tin since sales began last weekend. The company dismissed rumours it had cut prices.
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