One of Hong Kong’s largest developers, Sun Hung Kai Properties (SHKP), has 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, setting up one of the biggest housing projects in the Northern Metropolis. The company said on Monday that the site could yield…
Hong Kong’s largest developer, Sun Hung Kai Properties (SHKP), appears on track to post another sell-out this weekend for the latest units on sale at its massive Sierra Sea residential project, as improving market sentiment continued to boost homebuyers’ confidence. Homebuyers snapped up more than 70 of the 262 new flats on offer at Sierra…
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…
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…
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,…
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…
People from all walks of life in Hong Kong rallied in support of victims of the city’s deadliest fire in decades, with aid ranging from millions in cash donations by major business groups to grass roots efforts by civilians delivering essential supplies. The fire that erupted in seven blocks in Wang Fuk Court in Tai…
University students from mainland China and overseas will be among the 6,000 riders invited to join Hong Kong’s annual Cyclothon, which is returning in November. “The Hong Kong Cyclothon is a prime example of our city’s growing importance on the global sports stage,” Tourism Board chairman Peter Lam Kin-ngok said on Friday. “It offers a…
Hong Kong’s only fixed-base operator for private jet support services is betting its newly expanded terminal building will help it cash in on a boom in initial public offerings (IPOs), a surge in mega-events and rising Middle Eastern investment. The Hong Kong Business Aviation Centre (HKBAC) unveiled the upgraded building, part of a HK$500 million…
Analysts said they had mixed views about Sun Hung Kai Properties’ (SHKP) shares after Hong Kong’s largest property developer by market capitalisation reported a slight increase in its full-year earnings. On Friday, Morningstar cut its price target for SHKP to HK$105 from HK$115, but said the company was trading at a good discount. UOB Kay…