• Thu
  • Nov 27, 2014
  • Updated: 9:53pm

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 hotel business down 10pc due to Occupy Central, Thomas Kwok claims

The The Occupy Central movement has caused business to decline at the Ritz-Carlton and Sun Hung Kai Properties' other hotels by as much as 10 per cent, company co-chairman Thomas Kwok said.

Sunday, 16 November, 2014, 8:18am

Sun Hung Kai Properties at forefront of push for tiny Hong Kong homes

SHKP is likely to become the city's biggest supplier of small flats once its application to convert four luxury residential projects in the northeast New Territories into 4,000 tiny apartments wins approval.

8 Sep 2014 - 9:56am 14 comments

For sale: HK$819m house on Hong Kong's Peak is world’s most expensive per square foot

Ignoring the Hong Kong government’s attempt to rein in home prices, Sun Hung Kai Properties (SHKP) is offering a super-deluxe house on The Peak for HK$175,735 per square foot.

14 Aug 2014 - 3:40pm 21 comments

SHKP to build on sites where Housing Society deemed project too costly

A private developer is confident it can profitably build on sites where the Housing Society abandoned a residential project for the elderly as being too expensive.

15 Jul 2014 - 12:16am

Hong Kong developers’ profit margins squeezed

Fat profit margins may soon be a thing of the past for Hong Kong developers as they get squeezed by falling home prices on one hand and soaring construction costs on the other, coupled with increased competition from mainland rivals that bid up land prices.

6 Mar 2014 - 11:25am

SHKP shares down after unveiling warrant issue

The second-largest developer in Hong Kong by market value saw its stock decline yesterday as much as 3 per cent, the most since May. It closed down 2.67 per cent at HK$96.65, the lowest since February 6.

4 Mar 2014 - 7:29am

Sun Hung Kai Properties sees steady prices even as analysts forecast falls

The deputy managing director of Sun Hung Kai Properties, Victor Lui Ting, said he expected homes prices to be steady this year even as analysts made gloomy forecasts and developers dropped their asking prices.

12 Feb 2014 - 4:29am 1 comment

Sun Hung Kai's late-night iAPM mall sets new benchmark in Shanghai

The opening of the iAPM mall on Shanghai's busiest shopping strip has stolen the limelight in the mainland's retail industry, with its late-night offering set to challenge rival retailers dependent on traditional operating hours.

8 Jan 2014 - 5:35am

Kwong confirms SHKP shares went to younger sons, Thomas and Raymond

Kwong Siu-hing, the 84-year-old matriarch who controls Sun Hung Kai Properties (SHKP), has confirmed that she has transferred shares worth an estimated HK$33 billion to the families of two sons, who are co-chairmen of the HK$260 billion business empire.

6 Dec 2013 - 1:03am 1 comment

SHKP share sale seen as move towards succession

Kwong Siu-hing, the 84-year-old matriarch who controls Sun Hung Kai Properties (SHKP), is expected to accelerate the succession plan after she reduced her shareholding in a trust that controls the HK$262 billion property empire.

5 Dec 2013 - 7:02am

Sun Hung Kai duty subsidy seen working after The Cullinan sales

Sun Hung Kai Properties' strategy of offering a 70 per cent subsidy on stamp duty seems to have paid off after it sold 20 more flats at its luxury residential project in West Kowloon at a higher price even as property analysts warn home prices could tumble up to 25 per cent from their peak by next year.

17 Oct 2013 - 8:54pm 3 comments

5,000 jostle for cut-price luxury flats at The Cullinan in West Kowloon

About 5,000 people queued, pushed and jostled as 60 luxury flats went on sale at The Cullinan development in West Kowloon. The throng - comprising both would-be buyers and agents hoping to strike a deal - started queuing in the morning and occupied several floors of the sales venue at the International Commerce Centre, including the ground floor and car park.

13 Oct 2013 - 5:29am 4 comments

SHKP's Shanghai project signals new China strategy

Sun Hung Kai Properties' plans for its biggest mainland commercial development, a Shanghai project involving an investment of HK$40 billion, could signal that Hong Kong's largest developer by market value is finally focusing its attention across the border.

13 Sep 2013 - 11:27pm

SHKP wins bid for Shanghai city centre site with record price

Sun Hung Kai Properties, Hong Kong biggest developer by market value, won a prime commercial site in Xujiahui, a shopping and entertainment area in Shanghai, for 21.7 billion yuan (HK$27.3 billion), making it the most expensive site in the city in terms of value.

6 Sep 2013 - 3:14pm 1 comment

Big developers in Hong Kong take cautious approach to land auctions

Since the first of the cooling measures were introduced in October, the biggest Hong Kong developer by value - Sun Hung Kai Properties - spent HK$3.97 billion acquiring residential sites under government tenders. That's down almost 70 per cent compared with the same period a year ago.

10 Jul 2013 - 2:43am