Sun Hung Kai Properties

Sun Hung Kai Properties is one of Hong Kong’s largest property groups. 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.

An aerial view of the Victoria Harbour residential property project developed by Sun Hung Kai Properties. Photo: Roy Issa

SHKP may face HK$200 million vacancy tax bill for Victoria Harbour flats

Sun Hung Kai Properties could face HK$200 million (US$25.48 million) in charges on empty flats at its recently completed luxury residential development in North Point, after it was revealed the company is seeking a record monthly rent of HK$100 per square foot in Hong Kong East.