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Sun Hung Kai Propertiesi

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.

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As the city’s second richest man retires, and another tycoon leaves jail to hand business over to his son, local developers are being eclipsed by the inflow of red capital from the connections they enjoyed

  • The 14-storey building in West Kowloon will bring the bank’s staff – currently spread around the city – under one roof and will be used for client meetings
  • Its ‘excellent location … underscores our confidence in Hong Kong as an international financial centre,’ says chief executive of UBS Hong Kong

Hong Kong’s largest developer by market capitalisation is being tipped by analysts to emerge as the ‘prime beneficiary’ of the city’s removal of all property cooling measures.

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Sun Hung Kai Properties (SHKP) topped the city’s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world’s most expensive property markets.

Hong Kong may have seen the last of the interest rate hikes in the current tightening cycle, but analysts warn this may not prevent property prices from slipping further.

A Sino Land-led consortium won the right to develop a plot in Hong Kong’s Shing Tak Street from the Urban Renewal Authority (URA), after its bid displayed confidence in a highly sought location.

The number of Hongkongers who say it is a ‘good time’ to buy a house fell three percentage points in September from a year ago, according to a study conducted by Citi Hong Kong, but it is the second most optimistic result recorded in the past 11 years.

About 90 per cent of flats on offer this weekend at Yoho West, a joint project between SHKP and MTR Corp, are expected to be sold, according to agency estimates.

Sun Hung Kai Properties, Hong Kong’s largest property developer by market capitalisation, will on Saturday launch its biggest weekend sales since July 2022 for a new project in Tin Shui Wai.

Builders hope to clear inventory amid an uptick in market sentiment after the relaxation of some stamp duties, but will need low prices to draw buyers in an overall negative environment, consultants say.

Buyers snapped up only five of 129 available units on Friday at a Tseung Kwan O project, despite 15 per cent discounts. Nonetheless, agents expect more activity in the fourth quarter as developers try to clear ‘leftovers’.

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A committee to be headed by finance chief Paul Chan with an associated office will advise on ‘feasible investment and financing options’ for mega projects, policy address says

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Sino Land outbid its rivals with a winning price of HK$5.3 billion for a plot of land in Hong Kong’s Kai Tak neighbourhood, which some analysts said was conservative given the stagnating economic environment.

Hong Kong’s property developers responded strongly to a tender invitation for a plot of land in Kai Tak, after some analysts had expected it to be withdrawn because of the constraints.

Sun Hung Kai Properties reported a 17 per cent drop in underlying profit to HK$23.88 billion (US$3.04 billion) for the year ending in June, according to a filing with the Hong Kong exchange.

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Government in talks with industry to extend hours at shopping centres to 11pm, but critics say more is needed, such as vouchers and late-night public transport.

Hong Kong firms are well-placed to take advantage of opportunities given the crisis facing their mainland rivals, but the economic situation warrants caution, analysts say.

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The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for Hong Kong’s property market.

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Mall operators including Link Reit, Swire Properties, Henderson Land and Sun Hung Kai Properties believe EV chargers will help attract wealthy local shoppers as tourist spending continues to lag.

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The developer is offering Hong Kong buyers 20 units at Forest Park, a 10-minute walk from the Guangzhou South railway station, which can be reached from Hong Kong’s West Kowloon station in 45 minutes via the Guangzhou-Shenzhen-H­ong Kong Express Rail Link.

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.

Bourse operator HKEX has approved 21 firms, including Chinese technology giants Tencent Holdings, Alibaba Group Holding, Xiaomi and Meituan, for yuan share trading counters, it said in a statement on Monday.

Green certified buildings are giving developers and landlords a competitive edge as occupiers demand sustainability features, essential to meet a host of business and environmental goals.

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