Shun Tak Holdings

Shun Tak Holdings is the property, transport, hospitality and investment arm of gambling mogul Stanley Ho Hung-sun, who controlled the company until late 2010 when it was restructured. The company’s shipping division, operates ferry services between Hong Kong and Macau.

Warm response to units

Luxury projects have had a warm response from the market this week after price cuts by many developers. Sun Hung Kai Properties and Shun Tak Holdings sold almost 20 units at The Belcher's phase two in two days while a Wing Tai Asia-led consortium sold 90 units at The Waterfront within a week.