SHKP
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SHKP

SHKP
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.
A Sun Hung Kai project in Sai Kung. Photo: Elson Li
Hong Kong property

Analysts mixed on outlook for Sun Hung Kai Properties’ shares

Sun Hung Kai Properties says net profit for the recently concluded financial year rises 1.2 per cent from a year earlier.

Hong Kong property

SHKP Tuen Mun project sells out, signalling rebound in property market

Hong Kong property

Hong Kong homebuyers flock to latest Sierra Sea units as mortgage rates ease

Hong Kong property

Hong Kong home builders bring flats to market, seizing on sentiment surge

50 units in New Territories launched at 8.5 per cent below market prices, while New World and partners ready Wong Chuk Hang sale.

Construction under way at Uni Residence in Tai Wai, developed by Wing Tai Properties and China Vanke’s Hong Kong unit. Photo: Handout
Hong Kong property

Buyers snap up all Sierra Sea flats on weekend sale as hot streak continues

Lower interest rates and recent boost to stock market wealth have helped shore up sentiment among homebuyers, developer says.

Hong Kong property

Hong Kong’s 3 biggest developers to dominate 60% of housing supply

The three developers will deliver 60 per cent of new homes in 2025 and 2026, up from 40 per cent in 2023 and 2024, JLL says.

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Hong Kong property

Brisk Hong Kong home buying continues with third Sierra Sea sellout

Buyer confidence ‘will significantly strengthen’ and first-hand transactions this month are ‘bound to increase’, Centaline CEO says.

Potential buyers queue up for the property sale of Sun Hung Kai Properties’ Sierra Sea at the International Commerce Centre on May 3, 2025. Photo: Elson Li
Hong Kong property

Hong Kong developer rushes out more flats amid surge of mainland buyers

SHKP raises prices by nearly 10 per cent after first two batches sold out at levels 20 per cent below second-hand flats.

Hong Kong property

More Hong Kong home buyers may lose deposits, agents say

Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.

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Hong Kong property

2,800 flats poised to launch in Hong Kong as market awaits rate cut

Property agents predict September sales may quadruple from August’s level if the Fed embarks on policy easing as expected when it meets on September 17 - 18.

Part of the Yoho Hub complex in Yuen Long, pictured on December 17, 2021. Photo: Jonathan Wong
Weekend Property

Hong Kong’s weekend home sale sags amid looming supply

Hong Kong’s home prices may retreat from 2023 until 2025, amid an expected supply surge of about 20,200 private homes, according to data from Our Hong Kong Foundation.

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People queued for Phase 2A of the Novo Land project in Tuen Mun at Sun Hung Kai Properties’ sales office in Kowloon on 17 June 2023. Photo: Xiaomei Chen
Hong Kong property

Sun Hung Kai Properties continues hot streak in latest sale amid economic upswing

Homebuyers claimed nearly all 160 flats available at Sun Hung Kai Properties’ University Hill project in Tai Po on Saturday amid heightened economic confidence.

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Hong Kong property

Hong Kong homebuyers ignore rising rates to snap up flats in New Territories

Sun Hung Kai Properties sold all 191 flats on offer by 5.30pm on Thursday, hours after HSBC raised its best lending rate by 12.5 basis points to 5.75 per cent.

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Hong Kong property

At least 8,000 buyers to vie for 160 homes at Sun Hung Kai’s Tai Po project

Up to 500 buyers will be competing for each unit as the University Hill development hits the market on Saturday, with discounted prices in place and amid a surge of Chinese visitors in the city.

SHKP’s University Hill project in Tai Po. Photo: Handout
Hong Kong property

What Hong Kong’s cheap land sales mean to buyers, renters, government coffers

Developers – not renters, buyers or the government – are likely to benefit from sales such as one in Mong Kok on March 1 that fetched 35 per cent less than a pessimistic estimate.

This site at the junction of Sai Yee Street and Argyle Street Mong Kok sold for 35 per cent less than the most cautious estimate on Wednesday. Photo: K. Y. Cheng
Property financing

SHKP offers discounts, deferred payments to bolster housing sales

The option of paying in instalments appears attractive, but the buyer ends up paying more in interest costs, analysts said.

Weekend Property

Buyers snap up Grand Jete flats in Hong Kong to pre-empt rate increases

Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs.

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Hong Kong property

Hong Kong developers lower prices to generate sales amid interest rate hikes, high supply

Sun Hung Kai Properties on Sunday set the starting price for a 217 sq ft flat at its Silicon Hill project at HK$3.85 million in its latest price list. This was lower than the HK$4.97 million it asked for a 291 sq ft flat in the first round of sales on June 3.

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A sales office for SHKP’s Silicon Hill development. Photo: Jonathan Wong
Weekend Property

Hong Kong home buyers pile in after banks deferred mortgage hikes

HSBC, Standard Chartered, Bank of China (Hong Kong) and Hang Seng Bank kept their prime rates unchanged this week, even after the city’s de facto central bank raised its base rate by 75 basis points.

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Weekend Property

Sun Hung Kai’s Silicon Hill sells out for the second weekend

The sell-out launch marked the second bumper weekend for SHKP, which sold all 170 flats last weekend, a successful campaign that gave the developer the confidence to raise the average price by 0.9 per cent.

Hong Kong property

Hong Kong proptech start-up Butler expands beyond concierge services

The company, which started out offering domestic services, now aims to revolutionise antiquated property-management practices in Hong Kong and Singapore for big-name developers.

Butler founders Angues Chan (left) and Jonathan Lam (right) are seeking to modernise property-management practices in Hong Kong. Photo: Handout
Hong Kong property

Tuen Mun site bids rejected as premiums come below reserve price

The Hong Kong government rejected all five bids received for a 1.3 million square feet residential site in Tuen Mun, as all tenders came in below the reserve price.

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The bids received for lot 561 in Tuen Mun fell short of the government’s minimum price expectation. Photo: K. Y. Cheng
Hong Kong property

Hong Kong analysts slash forecasts in home prices as Covid-19 bites

Property developers, who usually conduct their sales campaigns on weekends, have deferred the launch of new projects until the second quarter, when the current Covid-19 outbreak is expected to recede.

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Hong Kong property

Explainer | After Henderson Land record, 5 other most expensive land sales in Hong Kong

Hong Kong – one of the most-expensive real estate markets in the world – has consistently set record land sale prices in recent years.

Hong Kong property

Hong Kong developers join rush for small flats as home prices soar

Developers are likely to take advantage of rising prices in the city to launch small flats as affordability becomes a concern, analyst says.

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People wait to choose and buy flats at Kwai Hung Group’s Mangrove project in Hung Hom on September 18. Photo: Xiaomei Chen
Hong Kong housing

Wheelock touts land sharing scheme proposal a ‘win-win’ solution for all

Private flats to be built under the Land Sharing Pilot Scheme will not necessarily cost more and is a ‘win-win’ solution for all stakeholders, managing director Ricky Wong says.

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A general view of Lam Tsuen, Tai Po. Wheelock and Henderson have submitted an application to the government to build over 12,000 flats under the Land Sharing Pilot Scheme. Photo: Winson Wong
Hong Kong property

‘Normal flow’ of people from mainland China to rescue retail, hotels: SHKP

The progress of vaccinations and the lifting of cross-border travel restrictions were prerequisites for a full recovery of the retail sector, Raymond Kwok Ping-luen, SHKP’s chairman and managing director, said on Thursday.

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Hong Kong housing

Who is to blame for Hong Kong’s housing woes: developers or the government?

In a city facing a housing crisis where demand hugely outstrips supply, thousands of completed flats remain unsold in Tai Po.

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