SUN HUNG KAI PROPERTIES

Overview

Sun Hung Kai Properties is a Hong Kong property group whose core businesses are developing and selling properties and leasing them. Its wider operations include hotels, telecommunications, transport infrastructure and logistics, and data centres. Its main markets are Hong Kong and Mainland China.[1][2]

For the financial year ended 30 June 2026, the Group reported consolidated revenue of HK$94,194 million and employed more than 39,000 people.[3][4] Its stated commitment is “Building Homes with Heart.” [5] [1]+5

Products & services

Sun Hung Kai Properties’ products include residential developments for sale and rent, shopping centres, office space, hotels and serviced suites. FY2026 Hong Kong residential sales included projects such as SIERRA SEA, Cullinan Sky, Cullinan Harbour, Lime Spark and NOVO LAND Phase 3A [6]. Its retail properties include The ANGLE, a roughly 500,000-sq.-ft. Kowloon East mall with dining and anime- and pet-focused offerings, and Cullinan Sky Mall, a 220,000-sq.-ft. centre directly connected to MTR Kai Tak Station [7]. In Hong Kong, Stage IGC is a podium mall connected to the high-speed rail station; the company also has Shanghai’s Three ITC development, which includes office towers, a flagship mall and a hotel [8][9].

Services include residential leasing through Signature Homes and TOWNPLACE, property management through Hong Yip and Kai Shing, and hotel and serviced-suite accommodation [10]+3. TOWNPLACE offers monthly and yearly apartment leasing, including serviced and furnished or unfurnished options [11].

In FY2026, property development, property rental and hotel operations represented approximately 49.2%, 22.7% and 5.0%, respectively, of reported segment revenue of HK$110,105 million; the percentages are calculated from the reported segment figures [2]. [6]+11

Geographic presence

Sun Hung Kai Properties’ FY2026 disclosures identify Hong Kong and the Chinese Mainland as its principal property development and sales markets, with Singapore also contributing property-rental revenue. For FY2026, disclosed development and rental revenue by geography totals HK$79,178 million: Hong Kong HK$61,840 million (about 78.1%), the Mainland HK$16,549 million (about 20.9%) and Singapore HK$789 million (about 1.0%). These percentages are calculated from the disclosed development and rental figures, not reported as a geographic split of total Group revenue; the figures come from preliminary year-end results for the year ended 30 June 2026.[14]+2

The Mainland property footprint includes Shanghai, Suzhou, Hangzhou, Foshan and Guangzhou. In Hong Kong, the portfolio spans Hong Kong Island, Kowloon and the New Territories, with examples including IFC in Central, ICC in West Kowloon, New Town Plaza in Sha Tin and YOHO in Yuen Long.[16]+2 [14]+5

Business segments

For FY2026, Sun Hung Kai Properties reported seven business segments. Based on segment revenue from the company and subsidiaries, as a share of consolidated revenue of HK$94,194 million, property development contributed HK$48,519 million (about 51.5%); it covers property development in Hong Kong and Mainland China, including residential projects. Property rental contributed HK$20,070 million (about 21.3%), from rental properties in Hong Kong, Mainland China and Singapore.[3][14]

Hotel operations contributed HK$4,545 million (about 4.8%); SmarTone (Telecommunications), HK$6,604 million (about 7.0%), with the report highlighting its Hong Kong mobile network; transport infrastructure and logistics, HK$3,656 million (about 3.9%); SUNeVision (Data centre), HK$3,117 million (about 3.3%); and other businesses, HK$7,683 million (about 8.2%). The segment disclosure does not further detail the focus of transport infrastructure and logistics or other businesses.[3]+3

The report also presents geographic breakdowns within property development and property rental. Its broader four-category results presentation groups development, rental, hotel operations and other businesses; the latter combines the four smaller operating segments listed above. Segment revenue that includes associates’ and joint ventures’ shares has a different total from consolidated revenue, so the percentages here use the company-and-subsidiaries figures.[14][21] [3]+4

Company history

Sun Hung Kai Properties was incorporated on 14 July 1972, with founder Kwok Tak-seng, and went public on 23 August that year.[22] Its early development milestones included construction of Tsuen Wan Centre in 1974 and participation in City One Shatin and other developments in 1975.[23]

The company’s chronology records the opening of New Town Plaza in 1984 and Royal Park Hotel in 1989; its headquarters also moved to Sun Hung Kai Centre in 1989.[23] After Kwok Tak-seng’s death in 1990, the next generation took over the business.[23]

In December 2011, Raymond Kwok became Chairman after serving as Vice Chairman for 21 years.[24] [24]+2

Sources

• www.shkp.com[1]
• SUN HUNG KAI PROPERTIES — Partial financial report (2026 Y)
  13 citations

  [2][3][4][5][6][7][8][14][15][16][17][19][20]
• SUN HUNG KAI PROPERTIES — Presentation (2026 H 1)[9]
• www.shkp.com[10]
• www.shkp.com[11]
• www.shkp.com[12]
• www.shkp.com[13]
• SUN HUNG KAI PROPERTIES — Full financial report (2025 Y)[18][24]
• SUN HUNG KAI PROPERTIES — Presentation (2026 Y)[21]
• www.shkp.com[22]
• www.shkp.com[23]