Asia-Pacific’s best residential developer: Sun Hung Kai Properties

Euromoney Limited, Registered in England & Wales, Company number 15236090

4 Bouverie Street, London, EC4Y 8AX

Copyright © Euromoney Limited 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Asia-Pacific’s best residential developer: Sun Hung Kai Properties

Despite the challenging real estate market, Sun Hung Kai Properties (SHKP) has still been able to maintain a stable profit scale, and a series of residential projects launched by the firm has allowed it to out in a significant performance in residential development during the research period.

In Hong Kong, SHKP achieved contracted sales of approximately HK$25.6 billion ($3.3 billion) in attributable terms, mainly from the sales of residential projects Yoho West Phase 1, The Yoho Hub II and Cullinan Harbour.

Following fresh housing stimulus and measures to ease home-purchase restrictions in major cities of mainland China in 2024, SHKP recorded attributable contracted sales of Rmb11 billion ($1.5 billion) on the mainland during the year, mainly from the sale of units from landmark residential projects, including Shanghai Arch, located next to the Bund in Shanghai, and the third phase of the residential portion of the joint-venture Hangzhou IFC in Hanghzhou.

SHKP Asia Pacific Best Residential Developer – Shanghai Arch_960.jpg
Shanghai Arch in Shanghai

SHKP will launch a number of new residential projects in Hong Kong, including first phase of Cullinan Sky, a new block at The Yoho Hub II, a joint venture on Prince Edward Road West, the second phase of Yoho West and the first phase of Sai Sha, as well as Lake Geneve in Suzhou, Hangzhou IFC, and Oriental Bund in Foshan on mainland China.

SHKP attaches great importance to sustainable development and continues to invest resources to improve the environmental performance of its properties. The firm’s residential projects strive to blend seamlessly with surrounding nature, such as The Woodland in Zhongshan, which has panoramic views of the Zimaling Park; the Grand Waterfront in Dongguan, built along the riverside with an 800-metre green belt; and the Tung Shing Lei project in Hong Kong which left a building-free area to preserve water birds’ flight lines and funded a study on optimizing the ecological functions of abandoned fish ponds.

Gift this article