Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial buildings, hotels and serviced suites. The company's land bank comprises 57.1 million square feet of gross floor area in Hong Kong; and 70.6 million square feet of gross floor area in Mainland China. 

It also provides property management services; construction-related services, including landscaping, electrical and fire prevention systems installation, wooden doors production and installation, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder's comprehensive, fire, employees' compensation, travel, personal accident, motor vehicles, contractors' all risks, third party liability, and property all risks. In addition, the company offers voice, multimedia, and mobile broadband services; and data centre services, including infrastructure, facility management, and other value-added services. Further, it manages car parks, tunnels, bridges, and toll roads; offers transport facilities for private and public sectors; operates an expressway; provides public bus transportation services, and offers airport freight forwarding and aviation support services. 

Additionally, the company provides container handling and storage, container freight station, and other port-related services; operates department stores and supermarkets; and offers mortgage and other loan financing facilities, as well as offers asset and project management, architectural and engineering, cleaning, and secretarial services. It also engages in the club and road management business. The company was formerly known as Sun Hung Kai (Holdings) Limited and changed its name to Sun Hung Kai Properties Limited in March 1973. The company was incorporated in 1972 and is based in Wan Chai, Hong Kong.

The group 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 predecessor of the group, Sun Hung Kai Enterprises Co., Ltd., was founded in 1963 by Kwok Tak-Seng, together with Fung King-hey and Lee Shau Kee. The current legal person of the holding company of the group, Sun Hung Kai Properties Limited, was incorporated on 14 July 1972 and was listed on the Hong Kong stock exchanges on 23 August. In 1973, SHKP acquired Hong Yip Service Company Limited. four years later, SHKP moved its head office to Connaught Centre, Central.

In 1978, SHKP put on sale the first multi-block residential estate, Tsuen Wan Centre. Also, SHKP became one of the 33 constituent stocks listed on the Hang Seng Index. The next year, SHKP established Sun Hung Kai Properties Insurance Limited, which was a provider of general insurance. In 1981, SHKP acquired an interest in Kowloon Motor Bus, a public transport provider. The corporation moved its headquarters to Sun Hung Kai Centre, on an area of newly reclaimed land in Wan Chai, in 1982.

In 1992, SHKP finished the construction of Central Plaza in Wan Chai, the tallest building in Asia at the time of completion. In the same year the company diversified into mobile telephony with the establishment of SmarTone, now one of Hong Kong's dominant mobile providers. This subsidiary was listed in Hong Kong in 1996. In 1993, SHKP acquired World Trade Centre, Causeway Bay. From the mid-1990s the company undertook property development related to the new airport railway, including sites at the Airport Express Hong Kong Station. In 1998, Route 3 opened. Next year, Shanghai Central Plaza commercial building was completed.

In 2000, SHKP won a tender for Kowloon Station Development Packages 5, 6 & 7 – now the International Commerce Centre complex. The complex was finished in 2010. The main building became the tallest building in Hong Kong at the time of completion. On 17 March 2000, SUNeVision Holdings Limited, a subsidiary of SHKP, was listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong.

Two years later, SHKP set up Kwok's Foundation to provide financial support to financially disadvantaged but academically outstanding students, enabling them to pursue university education or participate in overseas exchange programs. 

In 2003, the first phases of YOHO Town in Yuen Long went on sale. The same year, the company signed a land-use transfer agreement with Shanghai Lujiazui Finance and Trade Zone Development Company for the Shanghai IFC project. In 2005, SHKP opened APM, Hong Kong's first late-night retail centre. The same year, SHKP acquired Seiyu Company Limited. In 2009, Ma Wan Park Noah's Ark opened, the first Christian theme park in Hong Kong. In 2013, SHKP acquired a commercial site with 7.6 million square feet of gross floor area in the Shanghai Xujiahui district. In 2015, SHKP became title and Charity Sponsor of the first Hong Kong Cyclothon.

In 2016, SHKP donated land in Yuen Long to Hong Kong Sheng Kung Hui for the construction of an integrated service centre. In 2019, SHKP won the tender for the commercial site atop the West Kowloon high-speed rail terminus. SHKP's bid of more than HK$42 billion won the 60,000 square metre site, which could be used for office, shopping and hotel developments. The Kwoks family invested HK$9.4 billion for a 25% stake in the office towers.

SHK Executive Director Thomas Chan was arrested by the Independent Commission Against Corruption on March along with eight people linked to the company on the afternoon of 29 March 2012. Co-chairmen Thomas and Raymond Kwok and five others were arrested by the ICAC as part of an extensive corruption probe. Rafael Hui, former chief secretary, was also taken in for questioning. They were later released on bail. The probe caused a 15 per cent fall in the company's share price. In December 2014, the jury convicted Thomas Kwok and Rafael Hui of the HK$8,500,000 bribery, and Hui was convicted of four more charges relating to misconduct in public office. The jury acquitted Raymond Kwok of all changes.

“Sun Hung Kai Properties puts into practice its long-standing belief in Building Homes with Heart by developing residences of the finest quality and offering first-class service to its customers.”

“Keeping up with the times and latest market trends, the Group has introduced innovative technologies and ideas to enhance overall working efficiency and service quality.”