The recent property downturn has paradoxically increased the market dominance of Hong Kong’s three biggest developers. An estimated 60 per cent of new residential units this year and next will be delivered by Sun Hung Kai Properties (SHKP), CK Asset Holdings and Henderson Land, up from 40 per cent in the past two years. Meanwhile,…
Sun Hung Kai Properties (SHKP) is launching another batch of flats in its Sierra Sea project in the New Territories following two consecutive sold-out weekends in one of Hong Kong’s largest residential projects in more than a quarter century. On Wednesday, Hong Kong’s largest developer will offer 150 flats in the 9,700-unit project in Shap…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…
Buyers flocked to a mega residential project from Sun Hung Kai Properties (SHKP) in Hong Kong’s New Territories on Saturday, as attractive pricing boosted purchasing sentiment from investors and agents forecast improved sales in the city despite economic jitters. All 318 of the new flats on sale at the Sierra Sea residential development found buyers…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest property developer, received more than 21,000 cheques for 329 units at its massive Sierra Sea residential project in the New Territories, indicating that attractive pricing can drive home sales in the city despite economic jitters, according to agents. The first round of sales on Saturday will feature…
Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market value, said interim profit fell by almost a fifth as the city’s market slump eroded the value of its investment properties. Net profit dropped 18 per cent from a year earlier to HK$7.5 billion (US$967.7 million) in the six months ended December 31, it…
Hong Kong property developer Chinachem Group won a government land tender in the New Territories at a price within market expectations amid muted sentiment for land bidding, consultants said. Keen Mighty Limited, a subsidiary of Chinachem Group Holdings, won the site in Sha Tin with a bid of HK$1.02 billion (US$131 million), the Lands Department…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, on Saturday saw homebuyers flock to its latest residential project in Kai Tak, the city’s former airport, on the back of the recent interest-rate cut and stock market rally. As of 7pm, the developer had sold 204 flats out of the 300 units…