Sun Hung Kai Properties (SHKP), a leading Hong Kong-listed developer since 1972, has had an incredibly strong review period. The developer’s projects over 2024 led to sales surpassing HK$37.5 billion ($4.9 million). As of 30 June 2024, SHKP subsidiaries Hong Yip Service Company and Kai Shing Management Services managed over 293 million sq ft of residential and non-residential floor area across Hong Kong and the mainland.
The firm’s success is down to, in part, the utilization of a vertically integrated model – from land acquisition to property management – ensuring it controls standards across the development phases of its various projects. This has led SHKP's trusted brand extending from Hong Kong to mainland China, with premier residential and integrated complexes in major cities, supported by top-tier management services from Hong Yip and Kai Shing.
Two projects seeing active development during the review period – Shanghai Arch and Hangzhou IFC – exemplify SHKP’s ability to deliver large-scale and technically challenging projects. Shanghai Arch, located along the Huangpu River in Pudong, provides luxury urban living with views of the Bund and extensive personalized services. This exclusive development spans 1.7 million sq ft. It features a riverside clubhouse offering extensive amenities, including a glass-domed heated pool, spa rooms, banquet facilities, sports and entertainment rooms, and a rooftop garden. Phase 3, launched in April 2024, saw overwhelming demand with all 212 upscale units selling out within a day.
Hangzhou IFC is a large-scale integrated development of 9 million sq ft in Qianjiang New City’s central business district. This joint venture, located by the Qiantang River, offers convenient transport links and includes premium residential, office, retail and hospitality spaces. The development embraces smart and eco-friendly design. Phases 1 and 2, featuring 300 residential units, sold out, while Phase 3 – 350 upscale units launched in August 2023 – also quickly sold out. The residences are housed across four towers, with completion and handover expected by 2025. Hangzhou IFC’s LEED and WELL certifications affirm its sustainable community impact.
SHKP's transit-oriented development (TOD) model transforms areas by centring developments around public transport, fostering compact, vibrant neighbourhoods that support employment, commerce, and social life. Examples include Guangzhou South Station ICC, which links residents to extensive transit options in the Greater Bay Area.
SHKP’s “Building Homes with Heart” mission also places community-building central to the firm’s operations, with developments located near major transit hubs and offering abundant recreational and educational amenities, enhancing resident convenience and lifestyle. The initiative prioritizes sustainable, environmentally conscious development, integrating environmental, social, and governance goals. Its projects on the mainland, like Hangzhou IFC, showcase green, low-carbon designs and smart-living features, creating vibrant spaces with lush landscaping and innovative pedestrian bridges.