Sun Hung Kai Properties

Sun Hung Kai Properties Ltd. (SHKP; ) () is a listed corporation based in Hong Kong. The company is controlled by the family trust set up by Kwok Tak Seng, who founded the company.

History

The company was one of many non-British owned companies that overtook the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. The company was founded in 1963 by the elder Kwok, together with Fung King-hei and Lee Shau Kee, and was listed on the Hong Kong Stock Exchange in 1972.

Company Profile

Introduction

SHKP was publicly listed in 1972 and is now one of the largest property companies in Hong Kong. It specializes in premium-quality residential and commercial projects for sale and investment. Tt employs more than 33,000 people and has in-house expertise in land acquisition, architecture, construction, engineering and property management that allow it to adhere to the highest standards of quality.

Main Business

SHKP’s core business is the development of property for sale and investment. It achieved a revenue of HK$33,211 million in financial year 2009/10, with profit attributable to shareholders of HK$28,043 million. The majority of its revenues and operating profit was derived from property sales and rental.

Land Bank

In December 2010, the company owned a land bank in Hong Kong of 42.3 million square feet in terms of attributable gross floor area, consisting of 27.9 million...
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