Sun Hung Kai Properties’ High Speed Rail West Kowloon Terminus project in Hong Kong, slated for completion in 2025, stands as the developer’s most prominent mixed-use project.

Sun Hung Kai Properties (SHKP) has exhibited robust financial performance amid challenging conditions in the global residential market.

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.

CapitaLand Development (CLD) has been a pioneering foreign developer in China since 1994 and is one of Asia’s largest diversified real estate groups. With expertise in business parks, industrial, logistics and residential developments, it has established a strong presence. Over the review period, its most notable achievements as a workspace developer included its Bridge+ flexible workspace and key business parks like Ascendas Suzhou Shishan Alpha Park.

CBRE was the largest global commercial real estate services and investment firm by revenue in 2023, operating an extensive workforce of over 130,000 employees across more than 100 countries.

AXA IM Alts' real estate division stood out from competitors during the review period due to its commitment to growth through a diversified global portfolio, innovative strategies and a deep integration of ESG principles.

Blackstone’s $336 billion in investor capital as of the second quarter of 2024 positions it among the largest real estate investors globally. The firm's investment strategy is distinctively thematic, focusing on assets within sectors that are experiencing structural shortages and are supported by strong macroeconomic tailwinds. Approximately 80% of Blackstone's real estate portfolio is diversified across five key areas: logistics, residential, hospitality & leisure, data centres and life sciences.

Prologis has expanded its logistics infrastructure, both domestically and overseas, through a series of new developments and investments in existing projects. The firm has also demonstrated innovation in sustainable practices and advanced automation, underscoring its adaptability to market trends.

Unibail-Rodamco-Westfield (URW), one of the leading global shopping mall operators, demonstrated robust operational performance over the review period.

Newmark has demonstrated robust growth and resilience within its commercial real estate services.

Colliers’ performance during the review period was underpinned by significant growth in high-value recurring service lines such as outsourcing, advisory and investment management.

DBS has demonstrated significant progress through its global connectivity strategy focusing on strategically selected gateway cities. By establishing local real estate teams in these key locations, DBS effectively supported clients as they expanded and diversified their operations. This targeted approach has been instrumental in driving the bank’s compound annual growth rate.

With operations in 66 countries, annual revenues of $4.5 billion and $98 billion of assets under management, Colliers is a diversified professional services and investment management company with deep expertise in the real estate sector.

Hines, the global real estate investment, development and property company, is active in Asia Pacific, Eurasia, South America, the US and Western Europe. It currently has 203 projects in progress worldwide, amounting to 91.8 million square feet. This is in addition to the nearly 1,000 projects that the firm has completed, which total nearly 300 million square feet.

With over €186 billion of assets under management (AuM), Axa IM raised around €15 billion of net new money in 2022, reflecting both its global offering and its ability to adapt to changing market conditions.

Operating in Asia Pacific, Eurasia, South America, the US and western Europe, global real estate investment, development and property company Hines manages nearly $96 billion in assets across residential, logistics, retail, office and mixed-use.

JPMorgan’s global commercial real estate revenue grew to $806 million in the second quarter of 2023, from $642 million in the first quarter.

Global logistics firm Goodman Group owns a property portfolio that spans 14 countries, with $81 billion in total assets under management.

With $280 billion of real estate in 241 markets globally, Greystar’s commitment to the residential sector is phenomenal.

Unibail-Rodamco-Westfield (URW) operates 74 shopping centres in 12 countries, 39 of which carry the Westfield brand. Its centres attract more than 900 million visitors annually and provide a platform for a range of retailers and brands.

Blackstone, the world’s largest alternatives asset manager, hit a new milestone in July when it reported in its second-quarter results that it had hit $1 trillion in assets under management. The firm’s net income rose to $601.3 million in the same quarter.

Evora Global is a leading technology innovator in the sustainability real-asset investment industry. The business has a strong commitment to reducing energy, decarbonization and limiting physical climate risk by leveraging investment management, strategic advisory and technical engineering expertise.

Owned by New World Development (NWD), 11 Skies is a landmark 3.8 million square-foot gross floor area space and forms an integral part of Skycity, located between Hong Kong International Airport and the Hong Kong-Zhuhai-Macao Bridge.