https://www.scmp.com/rss/32867/feed Sun Hung Kai Properties is one of Hong Kong's largest property groups. The company is owned and controlled by the Kwok family, Hong Kong's richest family. It focuses on developing premium residential estates, offices, shopping malls, hotels and service flats in Hong Kong and in mainland China. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP SCMP This article was first published on April 3, 2011 If the altitude doesn’t give you a nosebleed, the room rates might By John Carney You could say it is the height of luxury. And if putting on the Ritz is your thing, it’s just the place for you. The highest hotel in the world opened in Hong Kong last week, and if the altitude doesn’t give you a nosebleed, the price of a room will. Taking up floors 102 to 118 of the International Commerce Centre (ICC), the five-star, 312-room Ritz-Carlton Hotel... https://www.scmp.com/news/hong-kong/society/article/3348732/worlds-highest-hotel-opens-hong-kongs-west-kowloon-2011-scmp-archive?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3348732/worlds-highest-hotel-opens-hong-kongs-west-kowloon-2011-scmp-archive?utm_source=rss_feed Fri, 03 Apr 2026 03:11:08 +0000 Theodora Yu Theodora Yu A planned supercomputing hub in Hong Kong’s Northern Metropolis could overtake the MTR Corporation rail operator as the city’s single largest electricity consumer, prompting a green group and experts to call for setting energy efficiency standards to limit the sector’s carbon emissions. According to The Green Earth’s estimates, the new project – set to begin operating in 2029 – could increase the industry’s annual carbon emissions by about 70 per cent compared with current levels. Experts have... https://www.scmp.com/news/hong-kong/health-environment/article/3348294/northern-metropolis-data-hub-may-surpass-mtr-corp-hong-kongs-top-power-consumer?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3348294/northern-metropolis-data-hub-may-surpass-mtr-corp-hong-kongs-top-power-consumer?utm_source=rss_feed Mon, 30 Mar 2026 01:30:08 +0000 Ambrose Li Ambrose Li Hong Kong developer Sun Hung Kai Properties is betting big on arts and commercial projects at the West Kowloon Cultural District, banking on the city’s designated role as a cross-border asset and wealth management hub – even as the office rental market remains subdued. Sun Hung Kai Properties is positioning its projects to stand out within its 8 million sq ft portfolio of office and commercial space in West Kowloon, where it is also the sole developer in the arts hub building the Artist Square... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347505/hong-kong-developer-banks-arts-and-finance-synergy-west-kowloon-cultural-hub?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347505/hong-kong-developer-banks-arts-and-finance-synergy-west-kowloon-cultural-hub?utm_source=rss_feed Mon, 23 Mar 2026 00:30:20 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose for a second day on Tuesday, tracking Wall Street’s gains, as oil prices steadied after a sharp overnight decline, easing concerns over inflation and geopolitical tensions. The Hang Seng Index added 0.1 per cent to 25,868.54 at the close of trading, after rising as much as 1.6 per cent in the morning. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index lost 0.7 per cent and the Shanghai Composite Index declined 0.9 per cent. E-commerce giant... https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed Tue, 17 Mar 2026 01:58:50 +0000 Cheryl Arcibal Cheryl Arcibal JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square Towers (AST) will house the bank’s Kowloon office, which is currently located at The Quayside in Kowloon East, starting in the latter half of 2028, according to an... https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed Fri, 13 Mar 2026 10:30:08 +0000 Peggy Sito Peggy Sito The recovery in Hong Kong’s property market has begun attracting overseas investors back to the sector, with the Hang Seng Properties Index rising more than 20 per cent this year. International investors, who have had limited exposure to Hong Kong property stocks over the past two to three years, had begun revisiting the sector and adding positions since the start of 2026, according to Citi. At a recent global investor conference hosted by the US bank, participants said they were showing greater... https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed Thu, 05 Mar 2026 06:38:00 +0000 Matthew Cheng,Lam Ka-sing Matthew Cheng,Lam Ka-sing Hong Kong tycoons have expressed confidence in the Middle East’s economic outlook amid continued strikes by the United States and Israel on Iran and Tehran’s retaliatory attacks, stressing that the city’s economy is unlikely to be affected. Speaking to the media in Beijing on the sidelines of the “two sessions” – the nation’s annual parliamentary meetings – on Wednesday, Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development, said the Middle East’s economic... https://www.scmp.com/news/hong-kong/politics/article/3345468/hong-kong-tycoons-downplay-impact-middle-east-war-citys-fortunes?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3345468/hong-kong-tycoons-downplay-impact-middle-east-war-citys-fortunes?utm_source=rss_feed Wed, 04 Mar 2026 14:11:22 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks closed out February with the worst monthly decline since October as jitters about artificial intelligence’s potential disruption to traditional industries put investors on tenterhooks. For the month, the Hang Seng Index dropped 2.8 per cent, dragged down by Chinese technology stocks. The benchmark closed 1 per cent higher at 26,630.54 on Friday. The Hang Seng Tech Index gained 0.6 per cent, paring the decline in February to 10 per cent. On the mainland, the CSI 300 Index slipped... https://www.scmp.com/business/china-business/article/3344801/hong-kong-stocks-head-worst-month-october-ai-disruption-angst?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344801/hong-kong-stocks-head-worst-month-october-ai-disruption-angst?utm_source=rss_feed Fri, 27 Feb 2026 02:14:40 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, reported a 36.2 per cent year-on-year jump in first-half net profit to HK$10.25 billion (US$1.3 billion). Revenue rose 32 per cent to HK$52.7 billion for the six months ended December from a year earlier, while operating income increased 10.7 per cent to HK$13.4 billion, the developer said in a filing to the Hong Kong stock exchange on Thursday. Underlying profit, which discounts property revaluations, gained... https://www.scmp.com/business/article/3344741/shkp-hong-kongs-bellwether-developer-posts-36-jump-first-half-net-profit?utm_source=rss_feed https://www.scmp.com/business/article/3344741/shkp-hong-kongs-bellwether-developer-posts-36-jump-first-half-net-profit?utm_source=rss_feed Thu, 26 Feb 2026 10:23:04 +0000 Cheryl Arcibal Cheryl Arcibal May Chan is looking for a home that she can call her own. The freelancer wants to buy a flat, but high mortgage rates as well as uncertainty in the property market kept her from taking the plunge. “I would like to buy a flat, if I can afford it,” she said. “It would certainly help if there are discounts.” Now that mortgage rates have stabilised and there is less uncertainty about property prices, she hopes to find a reasonably priced home. With Hong Kong’s residential property market stabilising... https://www.scmp.com/business/article/3344098/hong-kong-homebuyers-face-dwindling-discounts-property-market-stabilises?utm_source=rss_feed https://www.scmp.com/business/article/3344098/hong-kong-homebuyers-face-dwindling-discounts-property-market-stabilises?utm_source=rss_feed Mon, 23 Feb 2026 01:30:13 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands Department said on Monday. The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units,... https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed Mon, 16 Feb 2026 09:00:08 +0000 Peggy Ye Peggy Ye Hong Kong could see another cinema shut down in a prime retail district after the management of IFC Mall began informally sounding out potential tenants for the roughly 20,000 sq ft (1,858 square metres) occupied by Palace IFC, whose lease expires at the end of the year, according to people familiar with the matter. Sun Hung Kai Properties (SHKP), which manages the mall in Central, had been reaching out to select industry contacts to explore options as the struggling cinema business had... https://www.scmp.com/business/banking-finance/article/3343339/box-office-bust-show-may-be-over-another-hong-kong-cinema?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343339/box-office-bust-show-may-be-over-another-hong-kong-cinema?utm_source=rss_feed Fri, 13 Feb 2026 00:30:08 +0000 Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Thursday after Beijing’s market regulator summoned major online platforms for talks over irregularities in the online sale of train tickets ahead of Lunar New Year, triggering losses among technology heavyweights. The Hang Seng Index dropped 0.9 per cent to 27,032.54 at the close, ending a three-day streak of winning sessions. The Hang Seng Tech Index declined 1.7 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per... https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed Thu, 12 Feb 2026 01:57:50 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-listed mainland Chinese developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city’s largest developers with a higher-than-expected tender. The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its bid of HK$1.8 billion (US$230 million), according to a statement from the Lands Department on Tuesday. The site is expected to yield 470... https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed Tue, 10 Feb 2026 12:34:34 +0000 Enoch Yiu Enoch Yiu Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 218 units released at its Sierra Sea project on Saturday, marking what agents describe as a “mini-boom” ahead of the Lunar New Year. It marked the sixth consecutive week of sold-out units at the project in Shap Sze Heung, located between Sai Kung and Ma On Shan. The project’s cumulative sales currently stand at about 1,400 units, underscoring the returning buyer appetite in the world’s most expensive... https://www.scmp.com/business/article/3342757/shkp-sells-out-latest-batch-sierra-sea-units-home-sales-see-lunar-new-year-mini-boom?utm_source=rss_feed https://www.scmp.com/business/article/3342757/shkp-sells-out-latest-batch-sierra-sea-units-home-sales-see-lunar-new-year-mini-boom?utm_source=rss_feed Sat, 07 Feb 2026 07:48:14 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE. Sun Hung Kai Properties, Henderson Land Development and CK Asset Holdings submitted bids individually, while Sino Land and Great Eagle Holdings made a joint offer, the groups confirmed separately on... https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed Fri, 06 Feb 2026 10:40:34 +0000 Enoch Yiu Enoch Yiu Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, said executive director Maureen Fung Sau-yim resigned with immediate effect on Tuesday due to health issues, according to a stock exchange filing. “Ms Fung has confirmed that she has no disagreement with the board of the company and that she is not aware of any matters in relation to her resignation that need to be brought to the attention of the holders of the securities of the company,” the filing said. Her... https://www.scmp.com/business/banking-finance/article/3342271/hong-kong-developer-shkps-executive-director-maureen-fung-resigns-health-grounds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342271/hong-kong-developer-shkps-executive-director-maureen-fung-resigns-health-grounds?utm_source=rss_feed Tue, 03 Feb 2026 13:47:59 +0000 Peggy Ye Peggy Ye As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong’s office market is showing tentative signs of recovery in prime districts such as Central. The consolidation is set to release office space in Central, contributing to a reshaping of demand as hedge funds and other financial firms take up space vacated by banks. The Swiss bank on Tuesday marked the handover of UBS Tower at the International Gateway Centre (IGC), a... https://www.scmp.com/property/hong-kong-china/article/3342262/ubs-move-west-kowloon-reshapes-demand-hong-kong-office-market?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3342262/ubs-move-west-kowloon-reshapes-demand-hong-kong-office-market?utm_source=rss_feed Tue, 03 Feb 2026 11:25:39 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s property transactions slipped in January, official data showed, but agents are betting on a Lunar New Year “mini-boom” after several new-home launches sold out in recent weeks. Deals covering new and existing homes, offices, shops, car parking spaces and industrial units fell 15.2 per cent month on month to 7,631, while transaction value declined 12 per cent to about HK$57.25 billion (US$7.3 billion). “With both the economy and stock market performing well, coupled with steadily... https://www.scmp.com/business/article/3342223/hong-kong-home-sales-slide-january-agents-eye-lunar-new-year-mini-boom?utm_source=rss_feed https://www.scmp.com/business/article/3342223/hong-kong-home-sales-slide-january-agents-eye-lunar-new-year-mini-boom?utm_source=rss_feed Tue, 03 Feb 2026 11:00:38 +0000 Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks retreated on Friday, ending a seven-day rally, as investors locked in profits on the final trading day in January after a sharp month-long surge. Investors were also cautious ahead of an announcement on the US Federal Reserve’s next chair. The Hang Seng Index fell 2.1 per cent to 27,387.11 at the close, pulling back from a multi-year high on Thursday. The benchmark climbed 6.8 per cent this month, its strongest performance since September 2025, when it finished 7.1 per cent... https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed Fri, 30 Jan 2026 02:18:48 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers continued to show strong demand for new residential launches over the weekend, potentially pushing primary market transactions to a five-month high, according to agents. By 3.30pm on Saturday, about two-thirds of the 108 units released at Park Seasons – a Lohas Park project in Tseung Kwan O developed by Wheelock Properties and the city’s subway operator MTR Corp – had found buyers, agents said. On Friday, all 60 units on offer at K. Wah International’s Kabitat Tin Hau... https://www.scmp.com/business/article/3341104/hong-kong-homebuyers-keep-robust-demand-new-launches-draw-brisk-sales?utm_source=rss_feed https://www.scmp.com/business/article/3341104/hong-kong-homebuyers-keep-robust-demand-new-launches-draw-brisk-sales?utm_source=rss_feed Sat, 24 Jan 2026 09:01:03 +0000 Danny Mok Danny Mok A wild boar carcass found outside the luxury Deep Water Bay residence of Hong Kong’s richest man Li Ka-shing triggered a brief scare over possible human remains before authorities confirmed on Thursday that it was an animal. A 61‑year‑old security guard at Li’s home at 79 Deep Water Bay Road called police shortly before noon on Thursday after detecting a strong odour. Officers arrived and discovered the carcass of a wild boar at the bottom of a 20-metre (66-foot) slope. The Food and... https://www.scmp.com/news/hong-kong/society/article/3340867/wild-boar-carcass-found-near-li-ka-shings-home-hong-kong-sparks-brief-scare?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3340867/wild-boar-carcass-found-near-li-ka-shings-home-hong-kong-sparks-brief-scare?utm_source=rss_feed Thu, 22 Jan 2026 10:46:28 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold out another batch of flats at its Sierra Sea project in the New Territories, the city’s largest residential project in two and a half decades. All 218 units launched on Wednesday found buyers, according to property agents. The developer previously sold out two rounds in the project this year: 213 flats on January 10 and 229 flats on Saturday. Following the enthusiastic response, SHKP will hold a preview... https://www.scmp.com/business/article/3340702/hong-kong-homebuyers-snap-latest-flats-sierra-sea-shkp-set-another-sell-out?utm_source=rss_feed https://www.scmp.com/business/article/3340702/hong-kong-homebuyers-snap-latest-flats-sierra-sea-shkp-set-another-sell-out?utm_source=rss_feed Wed, 21 Jan 2026 10:02:41 +0000 Zhang Shidong Zhang Shidong Sun Hung Kai Properties (SHKP), the city’s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city’s home market. SHKP sold all 229 units on offer at the Sierra Sea project in Sai Sha Wan on Saturday, according to real estate agents. The per-unit price ranged between HK$4.04 million (US$518,000) and HK$10.7 million, but with a 15 per cent discount the selling prices were from HK$3.44 million to HK$8.27 million. The... https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340255/shkp-tests-market-resilience-new-batch-flats-hong-kongs-sierra-sea-project?utm_source=rss_feed Sat, 17 Jan 2026 08:09:02 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell for the first time in five days on Thursday, weighed down by mainland Chinese tech giants, but analysts remain confident that Chinese assets will continue to outperform US peers due to cheaper valuations and ongoing geopolitical uncertainty after a period of consolidation. The Hang Seng Index closed 0.3 per cent lower at 26,923.62, after jumping as much as 0.8 per cent to briefly hit its highest level since October 2. The Hang Seng Tech Index fell 1.4 per cent. On the... https://www.scmp.com/business/china-business/article/3339946/hong-kong-stocks-extend-gains-fifth-day-marking-their-best-run-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339946/hong-kong-stocks-extend-gains-fifth-day-marking-their-best-run-year?utm_source=rss_feed Thu, 15 Jan 2026 02:29:17 +0000 Danny Mok,Vivian Au Danny Mok,Vivian Au Lower land prices and the anticipation of a market recovery are among the reasons for a recent deal between a large Hong Kong developer and the government, which will set up one of the biggest housing projects in the Northern Metropolis, experts have said. Their analysis followed an announcement by Sun Hung Kai Properties (SHKP) that it had entered into a land deal worth around HK$1.4 billion (US$179.5 million) with the government for a site in Kwu Tung South. The company said that the site... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3339708/hong-kongs-shkp-secures-hk14-billion-land-deal-northern-metropolis?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3339708/hong-kongs-shkp-secures-hk14-billion-land-deal-northern-metropolis?utm_source=rss_feed Tue, 13 Jan 2026 06:48:27 +0000 Cao Li Cao Li Hong Kong’s largest developer, Sun Hung Kai Properties (SHKP), posted another sell-out this weekend for the latest batch of units on sale at its massive Sierra Sea residential project, as improving market sentiment continued to boost homebuyers’ confidence. Homebuyers snapped up all 213 flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday, according to agents. Information on 49 other flats offered via tender were not disclosed. “About 60 per cent of buyers are for investment,” said Louis... https://www.scmp.com/business/companies/article/3339431/hong-kongs-shkp-set-continue-sell-out-streak-latest-sierra-sea-offering-agents?utm_source=rss_feed https://www.scmp.com/business/companies/article/3339431/hong-kongs-shkp-set-continue-sell-out-streak-latest-sierra-sea-offering-agents?utm_source=rss_feed Sat, 10 Jan 2026 06:43:57 +0000 Peggy Ye Peggy Ye Hong Kong’s leading property developers are accelerating new residential launches, with two major firms unveiling plans to roll out more than 4,500 flats this year as sentiment shows signs of improvement, but analysts caution that a surge in supply may add fresh pressure to a market that has only begun to stabilise. Developers, including Wheelock Properties and Kerry Properties, are pressing ahead with large-scale launches, adding new supply on top of still-elevated inventory from previous... https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339073/hong-kong-developers-rush-new-flats-sentiment-lifts-pressuring-fragile-recovery?utm_source=rss_feed Wed, 07 Jan 2026 11:30:23 +0000 Peggy Ye Peggy Ye Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a policy-driven recovery will continue to push prices higher this year. The US investment bank forecast home prices to rise around 10 per cent in 2026, with further gains expected in 2027, pointing out that the ongoing rebound marks the start of a new upcycle. “We expect all three sub-segments – Hong Kong residential prices, Central office rents and retail rents –... https://www.scmp.com/business/article/3338864/morgan-stanley-lifts-hong-kong-property-attractive-rebound-extend-2027?utm_source=rss_feed https://www.scmp.com/business/article/3338864/morgan-stanley-lifts-hong-kong-property-attractive-rebound-extend-2027?utm_source=rss_feed Tue, 06 Jan 2026 09:28:15 +0000 Peggy Ye Peggy Ye Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer, has priced the next batch of units on offer at its massive Sierra Sea residential project about 5 per cent higher than previous phases, signalling a welcome improvement in the city’s housing market. The 148 units in Phase 2A of the development in Sai Sha Wan, Sai Kung, were priced from HK$3.43 million (US$440,961), with an average discounted price of HK$10,968 per square foot, according to sales documents released on Tuesday. The... https://www.scmp.com/property/article/3338162/hong-kong-developer-shkp-nudges-prices-latest-sierra-sea-flats-offer?utm_source=rss_feed https://www.scmp.com/property/article/3338162/hong-kong-developer-shkp-nudges-prices-latest-sierra-sea-flats-offer?utm_source=rss_feed Tue, 30 Dec 2025 09:45:07 +0000 Willa Wu Willa Wu A new scheme that allows private cars from Guangdong province to enter Hong Kong’s urban areas has brought business opportunities for some, with users of a popular online platform selling courses on how to drive in the city or one-stop application services for mainland Chinese motorists. Local businesses are also offering perks to drivers using the scheme, ranging from parking discounts to accommodation packages. Under the “Southbound Travel for Guangdong Vehicles (Entry into Urban Area)”... https://www.scmp.com/news/hong-kong/society/article/3337548/hong-kong-firms-hoping-new-southbound-travel-scheme-will-drive-more-business?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3337548/hong-kong-firms-hoping-new-southbound-travel-scheme-will-drive-more-business?utm_source=rss_feed Wed, 24 Dec 2025 00:30:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Friday as traders positioned for additional growth-supportive measures after Beijing vowed to strengthen the domestic market to buffer against external headwinds at its annual central economic work conference. The Hang Seng Index gained 1.8 per cent to 25,976.79 at the close of trading – the biggest gain since November 24. It helped trim its weekly loss to 0.4 per cent. The Hang Seng Tech Index advanced 1.9 per cent. On the mainland, the CSI 300 Index climbed 0.6 per... https://www.scmp.com/business/china-business/article/3336142/hong-kong-stocks-advance-beijing-vows-bolster-economy-key-conference?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336142/hong-kong-stocks-advance-beijing-vows-bolster-economy-key-conference?utm_source=rss_feed Fri, 12 Dec 2025 02:19:02 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended their losing run on Tuesday, tracking Wall Street’s overnight pullback, as traders priced in an interest-rate cut but grew uneasy about the pace of reductions expected next year. Sentiment was further dampened after economists at global banks flagged that the latest China Politburo readout suggested “a lack of urgency” for policy stimulus. The Hang Seng Index lost 1.3 per cent to 25,434.23 at the close of trading, adding to the 1.2 per cent loss recorded the previous... https://www.scmp.com/business/china-business/article/3335677/hong-kong-stocks-extend-losses-amid-rate-cut-caution-muted-china-policy-outlook?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335677/hong-kong-stocks-extend-losses-amid-rate-cut-caution-muted-china-policy-outlook?utm_source=rss_feed Tue, 09 Dec 2025 02:29:29 +0000 Oscar Liu Oscar Liu Hong Kong’s property tycoons made high-profile appearances to cast their ballots during Sunday’s Legislative Council election and urged the public to fulfil their civic duty. Sun Hung Kai Properties (SHKP) chairman and managing director Raymond Kwok Ping-luen voted at the Wong Chuk Hang Sports Centre in Aberdeen on Sunday morning. SHKP said it had introduced several measures to encourage its staff and the public to fulfil their civic duty by voting to elect capable candidates. The Legco poll,... https://www.scmp.com/news/hong-kong/politics/article/3335526/hong-kong-property-tycoons-turn-heads-poll-urge-voters-fulfil-civic-duty?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3335526/hong-kong-property-tycoons-turn-heads-poll-urge-voters-fulfil-civic-duty?utm_source=rss_feed Sun, 07 Dec 2025 14:22:26 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties’ (SHKP) luxury residential projects in North Point and Mid-Levels have attracted well-heeled buyers, including a granddaughter of Hang Seng Bank’s co-founder, who snapped up a flat for HK$72 million (US$9.3 million), according to official records. Magdalene Ho Mai-ting bought the flat in Dynasty Court in Mid-Levels, one of Hong Kong’s upmarket neighbourhoods, according to Land Registry records, which showed the deal was registered on Wednesday. Ho is the granddaughter of... https://www.scmp.com/business/article/3335350/hang-seng-bank-co-founders-kin-pays-us93-million-hong-kong-luxury-flat?utm_source=rss_feed https://www.scmp.com/business/article/3335350/hang-seng-bank-co-founders-kin-pays-us93-million-hong-kong-luxury-flat?utm_source=rss_feed Fri, 05 Dec 2025 09:15:43 +0000 Lo Hoi-ying,Olga Wong Lo Hoi-ying,Olga Wong Major Hong Kong developers are considering a blanket ban on smoking by workers at construction sites following a blaze in Tai Po that killed 159, with at least two companies already demanding all their contractors impose the rule or step up penalties. The Real Estate Developers Association told the Post on Friday that it was gathering views on the proposed smoking ban from its members, including major developers such as Sino Land, Swire Properties, Sun Hung Kai Properties and New World... https://www.scmp.com/news/hong-kong/society/article/3335294/hong-kong-developers-push-blanket-smoking-ban-construction-sites-after-deadly-fire?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3335294/hong-kong-developers-push-blanket-smoking-ban-construction-sites-after-deadly-fire?utm_source=rss_feed Fri, 05 Dec 2025 04:58:10 +0000 Cheryl Arcibal Cheryl Arcibal Regal Hotels International will offer free lodging at a dozen of its hotels across Hong Kong to the victims of Wednesday’s Tai Po fire, as it joins other hoteliers and corporate donors in rushing to their aid after the city’s worst blaze in seven decades. The hotel group would make 160 rooms freely available to those affected by the Tai Po fire for two weeks, a spokeswoman said, citing instructions from the hotel’s vice-chairman Poman Lo. The rooms would be sourced from Regal’s 12 properties... https://www.scmp.com/business/article/3334425/regal-joins-hong-kong-developers-hoteliers-offer-free-lodging-tai-po-fires-victims?utm_source=rss_feed https://www.scmp.com/business/article/3334425/regal-joins-hong-kong-developers-hoteliers-offer-free-lodging-tai-po-fires-victims?utm_source=rss_feed Fri, 28 Nov 2025 00:00:18 +0000 Cheryl Arcibal Cheryl Arcibal Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land. The award gives Chinachem –... https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed Tue, 18 Nov 2025 13:33:34 +0000 Ada Li Ada Li The sport of padel reached new heights in Hong Kong over the weekend, with the FIP Silver Hong Kong tournament setting a participation record for the sport in Asia. Some 268 players from more than 30 countries and regions took part in the event at Go PARK Sai Sha, with more than 170 matches culminating in two enthralling finals on Sunday. Run in conjunction with the launching of the Hong Kong Padel Club, the tournament was given extra impetus to a game that is growing quickly in the city by the... https://www.scmp.com/sport/other-sport/article/3332988/padel-medal-sport-sets-participation-record-hong-kong-track-asian-games?utm_source=rss_feed https://www.scmp.com/sport/other-sport/article/3332988/padel-medal-sport-sets-participation-record-hong-kong-track-asian-games?utm_source=rss_feed Sun, 16 Nov 2025 13:00:11 +0000 Cheryl Arcibal Cheryl Arcibal Nine groups, including some of Hong Kong’s largest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings, Henderson Land and Chinachem Group – have submitted offers for a 70,127 sq ft parcel in Tsuen Wan in the New Territories. The Lands Department received the bids by noon on Friday, the deadline for the tender that began on September 26, according to a spokeswoman, who did not provide further details. The developers confirmed their participation in the tender to the Post. The site at... https://www.scmp.com/business/article/3332837/hong-kongs-top-developers-vie-rare-tsuen-wan-site-test-land-market-rebound?utm_source=rss_feed https://www.scmp.com/business/article/3332837/hong-kongs-top-developers-vie-rare-tsuen-wan-site-test-land-market-rebound?utm_source=rss_feed Fri, 14 Nov 2025 10:44:36 +0000 Salina Li Salina Li Homebuyers on Thursday snapped up all units at a Sun Hung Kai Properties (SHKP) residential project in Kai Tak, with mainland Chinese investors accounting for nearly half of the transactions, agents said. SHKP offered 62 units in the first round of sales in the second phase of Cullinan Sky in Kai Tak. The batch included 56 one-bedroom units and six two-bedroom flats, ranging from 297 to 482 sq ft. The prices ranged from HK$6.6 million (US$849,500) to HK$15.1 million, or HK$21,713 to HK$33,500... https://www.scmp.com/business/article/3332623/sun-hung-kai-properties-cullinan-sky-kai-tak-hit-mainland-and-hong-kong-buyers?utm_source=rss_feed https://www.scmp.com/business/article/3332623/sun-hung-kai-properties-cullinan-sky-kai-tak-hit-mainland-and-hong-kong-buyers?utm_source=rss_feed Thu, 13 Nov 2025 08:03:29 +0000 Harvey Kong Harvey Kong Hong Kong retailers and restaurant operators expect a business boost from the National Games, with one shopping centre near competition venues already reporting a roughly 20 per cent increase in weekday footfall helped by early sporting events. Malls across the city also plan to capitalise on the Games, which officially open on Sunday and run until November 21, with some set to live-stream competitions to allow residents to watch and cheer on the athletes. Hong Kong is co-hosting the Games with... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3332074/national-games-giving-hong-kong-restaurants-retailers-early-business-boost?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3332074/national-games-giving-hong-kong-restaurants-retailers-early-business-boost?utm_source=rss_feed Sun, 09 Nov 2025 04:00:20 +0000 Salina Li Salina Li Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer, edged five other bidders to win the tender for a parcel of land in the New Territories, a residential development that is expected to cost about HK$6 billion (US$772 million). The tender for the Tuen Mun A16 station package one property development, which closed on Wednesday, was awarded to SHKP subsidiary Mega Asia International, MTR Corp said on Thursday, without disclosing the winning bid amount. The package one development, with... https://www.scmp.com/business/companies/article/3331816/shkp-unit-mega-asia-wins-tender-mtrs-tuen-mun-site?utm_source=rss_feed https://www.scmp.com/business/companies/article/3331816/shkp-unit-mega-asia-wins-tender-mtrs-tuen-mun-site?utm_source=rss_feed Thu, 06 Nov 2025 12:03:27 +0000 Cheryl Arcibal Cheryl Arcibal CK Asset Holdings, the flagship company of Hong Kong tycoon Li Ka-shing, and Sun Hung Kai Properties (SHKP), the city’s largest developer, are two of six bidders for a parcel of land in the New Territories that is estimated to provide 1,280 residential units and car park spaces. MTR Corp, one of the city’s major property developers and landlords, put up the Tuen Mun A16 Station package one property development for tender. Package one, with a maximum residential gross floor area of more than... https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed Wed, 05 Nov 2025 12:31:49 +0000 Edith Lin,Wynna Wong,Jiang Chuqin,Mike Chan Edith Lin,Wynna Wong,Jiang Chuqin,Mike Chan Hong Kong joined Macau and two Guangdong cities on Sunday in marking the run-up to the National Games with torch relays featuring top athletes, business leaders and community members, as a minister revealed that about a third of local event tickets had been sold. The relays started in the morning in Hong Kong, Macau, Shenzhen and Guangzhou, with acting chief executive Eric Chan Kwok-ki describing the local section as a “city parade” involving 50 torch-bearers passing landmarks and modern sports... https://www.scmp.com/news/hong-kong/society/article/3331240/hong-kong-joins-sister-cities-taking-torch-national-games-relay-events?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3331240/hong-kong-joins-sister-cities-taking-torch-national-games-relay-events?utm_source=rss_feed Sun, 02 Nov 2025 11:45:07 +0000 Jess Ma,Denise Tsang Jess Ma,Denise Tsang Top corporate leaders, athletes and members of ethnic minority groups are among the 62 people set to take part in the Hong Kong segment of the National Games torch relay, the Post has learned. From tycoon heirs such as Sino Group chairman Daryl Ng Win Kong, Henderson Land Development chairman Martin Lee Ka-shing, Sun Hung Kai Properties executive director Adam Kwok Kai-fai and Chow Tai Fook Jewellery Group vice-chairwoman Sonia Cheng Chi-man to youth representatives, the city’s list of... https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed Sat, 01 Nov 2025 04:56:15 +0000 Matthew Cheng Matthew Cheng An executive director of leading Hong Kong property developer Henderson Land has declared his intention to run in the coming Legislative Council election, brushing aside concerns about potential conflicts of interest. Another 33 hopefuls signed up for the Legco race on Thursday, bringing the total to 109 candidates, including Augustine Wong Ho-ming, who is vying for the seat representing the real estate and construction functional constituency. Wong was accompanied by Stewart Leung Chi-kin,... https://www.scmp.com/news/hong-kong/politics/article/3330859/henderson-land-executive-director-launches-bid-hong-kongs-legco?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3330859/henderson-land-executive-director-launches-bid-hong-kongs-legco?utm_source=rss_feed Thu, 30 Oct 2025 05:57:18 +0000 Cannix Yau Cannix Yau Hong Kong retailers and caterers have reported business growth of up to 20 per cent year on year during mainland China’s National Day “golden week” break, with one tourist spending a whopping HK$1 million (US$128,500) on international brands. Industry leaders said stores selling gold, jewellery and cosmetic products emerged as the big winners as the eight-day break wrapped up on Wednesday, while cha chaan teng were the top dining choice, followed by Chinese restaurants. Cha chaan teng are Hong... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328273/hong-kong-retailers-caterers-enjoy-national-day-break-business-growth-20?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328273/hong-kong-retailers-caterers-enjoy-national-day-break-business-growth-20?utm_source=rss_feed Wed, 08 Oct 2025 13:20:13 +0000