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SHKP
TOPIC
 / company

SHKP

SHKP
SHKP
Sun Hung Kai Properties is one of Hong Kong’s largest property groups, with revenue of HK$68.4 billion in the 2011-2012 financial year, and profit attributable to shareholders of HK$43.08 billion. The company has been shaken in recent years by disputes between family members, with chairman and chief executive Walter Kwok being forced to step down in a dispute with his brothers Thomas and Raymond. In March, the Independent Commission Against Corruption (ICAC) arrested senior officials as part of a corruption probe that also included former chief secretary Rafael Hui.
Hong Kong property

SHKP posts 4.6% profit rise amid Hong Kong’s property recovery

Hong Kong’s biggest developer reported underlying profit of HK$22.85 billion, as the city’s property market continues to recover.

Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories

Hong Kong’s Central office rents set to reverse multi-year slump in second half

Stronger demand has reduced grade-A vacancy rates in Central to a four-year low of 9.6 per cent.

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