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Sun Hung Kai Properties

Sun Hung Kai Properties Limited (SHKP) is a listed corporation and one of the largest property developers in Hong Kong. The company's businesses include property sales, property rental, telecommunications (SmarTone, SUNeVision), hotel operation, transport and logistics, and others. The company is controlled by the Kwok family trust, largely the Kwok brothers.[3]

Sun Hung Kai Properties Limited
Headquarters at Sun Hung Kai Centre
Company typePublic
ISINHK0016000132
IndustryReal estate
PredecessorSun Hung Kai Enterprises
Founded
  • 1963; 61 years ago (1963) in Hong Kong (as SHK Enterprises)
  • 1972; 52 years ago (1972) in Hong Kong (as SHK Properties)[1]
Founder
HeadquartersSun Hung Kai Centre, ,
Key people
Raymond Kwok, Chairman and Managing Director
ProductsProperty development, property investment, property management, hotels, telecommunications, information technology and infrastructure
Revenue HK$85.26 billion (2021)
HK$36.67 billion (2021)
HK$27.44 billion (2021)
Total assets HK$796.42 billion (2021)
Total equity HK$599.63 billion (2021)
Number of employees
About 38,000
Chinese name
Traditional Chinese新鴻基地產發展有限公司
Simplified Chinese新鸿基地产发展有限公司
Literal meaningSun Hung Kai real estate development limited company
Transcriptions
Standard Mandarin
Hanyu PinyinXīnhóngjī Dìchǎn Fāzhǎn Yǒuxiàngōngsī
Yue: Cantonese
Jyutpingsan1 hung4 gei1 dei6 caan2 faat3 zin2 jau5 haan6 gung1 si1
short name
Traditional Chinese新鴻基地產
Simplified Chinese新鸿基地产
Transcriptions
Standard Mandarin
Hanyu PinyinXīnhóngjī Dìchǎn
Yue: Cantonese
Jyutpingsan1 hung4 gei1 dei6 caan2
Websitewww.shkp.com

History edit

Early years edit

The predecessor of the group, Sun Hung Kai Enterprises Co., Ltd. (Chinese: 新鴻基企業有限公司), was founded in 1963 by Kwok Tak-seng, together with Fung King-hey and Lee Shau Kee.[2][4][5] 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 1972.[1]

In 1973, SHKP acquired Hong Yip Service Company Limited.[6][non-primary source needed] In 1977, SHKP moved its head office to Connaught Centre, Central (now known as Jardine House).

In 1978, SHKP established Kai Shing Management Services Limited, a property manager.

In 1978, SHKP put on sale the first multi-block residential estate, Tsuen Wan Centre (first phase). Also in 1978, SHKP became one of the 33 constituent stocks listed on the Hang Seng Index.

In 1979, SHKP established Sun Hung Kai Properties Insurance Limited, which was a provider of general insurance.[7][non-primary source needed]

1980s and 1990s edit

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 1991, SHKP acquired Wilson Parking.

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.[8] This subsidiary was listed in Hong Kong in 1996.[9]

In 1993, SHKP acquired World Trade Centre, Causeway Bay.[10] 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 (Country Park Section) opened.[11]

In 1999, Shanghai Central Plaza commercial building was completed.[12]

21st century edit

In 2000, SHKP won tender for Kowloon Station Development Packages 5, 6 & 7 – now the International Commerce Centre (ICC) complex.[6] 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.

In 2001, SHKP established the residential leasing division Signature Homes.

In 2002, SHKP set up SHKP – Kwok's Foundation. The foundation has actively supported charitable projects, focusing on education and training projects.

In 2003, the first phases of YOHO Town in Yuen Long went on sale.[13] The same year, the company signed a land-use transfer agreement with Shanghai Lujiazui Finance and Trade Zone Development Company for Shanghai IFC project.[14]

In 2005, SHKP opened APM, Hong Kong's first late-night retail centre.[15]

In 2005, SHKP acquired Seiyu (Sha Tin) Company Limited.

In 2009, Ma Wan Park Noah's Ark opened, the first Christian theme park in Hong Kong.[16]

In 2013, SHKP acquired a commercial site with 7.6 million square feet of gross floor area in the Shanghai Xujiahui district.[17]

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.[18]

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.[19][20] The Kwok family invested HK$9.4 billion (US$1.2 billion) for a 25% stake in the office towers.[21]

Corruption probe edit

In 2012, SHK Executive Director Thomas Chan was arrested by the Independent Commission Against Corruption (ICAC) on 19 March, along with eight people linked to the company on 29 March. Co-chairmen Thomas Kwok 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.[22]

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.[23][24]

List of chairmen edit

  1. Kwok Tak-seng (1972–1990); founder
  2. Walter Kwok (1990–2008); oldest son of Kwok Tak-seng
  3. Kwong Siu-hing (2008–2011); wife of Kwok Tak-seng
  4. Raymond Kwok and Thomas Kwok (2011–2014); joint chairmen, younger sons of Kwok Tak-seng
  5. Raymond Kwok (2014– ); youngest son of Kwok Tak-seng

Business development edit

Projects edit

 
The International Finance Centre Tower 2 and the International Commerce Centre are the tallest buildings in Hong Kong.

In 1996, SHKP was the lead developer which had bid the sum of HK$5.5 billion to acquire the rights to develop Hong Kong's second-tallest building, the International Finance Centre. The MTR Corporation was a partner in the venture.[25] Sun Hung Kai Properties, owns 47.5 per cent of the development, Henderson Land Development, whose chairman Lee Shau Kee sits on the SHKP board,[26] took a 32.5 per cent stake in the project. SHKP also built the International Commerce Centre, the tallest building in Hong Kong.

Internal sale opacity edit

In 2005, the developer was criticised for the lack of transparency in its public sale of residential properties to speculators and end-users.[27] The company was accused of the practice of "internal sales" of uncompleted units, the absence of sale price-lists, and also for hyping sales for flats in its The Arch development in West Kowloon by announcing inflated prices (per square metre) achieved. A buyer apparently paid HK$168 million, or HK$31,300 per square foot, for a 5,360-square-foot (498 m2) penthouse. Sweeteners were allegedly given (discounts given to the same purchaser on other units bought), but were excluded from the calculation. This allowed SHK to raise prices of the next batch of 500 units by 5–10 percent. But SHKP has denied the allegations.[28]

Sibling fallout edit

On 18 February 2008, SHKP announced that Walter Kwok, chairman and chief executive, would take a "temporary leave of absence for personal reasons with immediate effect". Walter Kwok announced that he would take a "personal holiday", handing over his duties to his two younger brothers.[29]

The Standard reported that the elder Kwok was removed from his position by his mother, who is the controlling shareholder of the company, to protect the family interests. The journal revealed that Walter's mistress of 4 years has been wielding increasing power in the business, and causing friction with his brothers.[30]

The day after SHKP's announcement, its stock price declined against the general market. Corporate communications issued a second statement insisting that the business would not be affected and that Walter would resume his functions after his leave of 2 to 3 months. Walter's mistress, named by the press as Ida Tong Kam-Hing (唐錦馨), had apparently introduced property transactions valued at HK$4 billion to the Group or to the Kwoks' private investment vehicles. Company spokesmen stated that no person named Ida Tong was employed by the Group.[31][32]

On 29 February, tycoon and fellow board member Lee Shau Kee confirmed that Mrs. Kwok forced the leave of absence upon Walter over Ida Tong during the last board meeting.

On 16 May 2008, Walter filed a writ with the High Court which claimed that Walter reached an agreement with his mother and two brothers in February that he would return to his duties if certain conditions were met. Walter alleged that his two brothers violated the agreement by attempting to remove him despite having fulfilled the predefined criteria, including procuring at least two medical opinions showing he is fit to return. Walter secured a last-minute injunction to delay the vote, to allow more time for discussions.[33] On the sidelines of the dispute to remove Walter as chairman and CEO, Walter and his brothers claim the other(s) made major management decisions unwisely and without consultation.[34][35]

Financing and assets edit

SHKP was publicly listed in 1972 and is one of the largest property companies in Hong Kong. It develops residential and commercial projects for sale and investment. It employs more than 38,000 people and its services include land acquisition, architecture, construction, engineering and property management. It achieved a revenue of HK$85,302 million in the financial year 2018/19, with a profit attributable to shareholders of HK$44,912 million. The majority of its revenues and operating profit were derived from property sales and rental.

Land bank edit

As of 30 June 2019, the Group had a land bank in Hong Kong of 58.0 million square feet in terms of attributable gross floor area, consisting of 32.9 million square feet of completed investment properties and 25.1 million square feet of properties under development.

As of 30 June 2019, the Group held a land bank of 65.4 million square feet in terms of attributable gross floor area on the mainland, including 50.6 million square feet of properties under development and 14.8 million square feet of completed properties.

Credit ratings edit

The Group has always attained the highest credit ratings among Hong Kong developers. Moody's gave the Group an A1 rating and Standard & Poor's gave the Group an A+ rating.[36]

Real estate development projects edit

Hong Kong (residential) edit

 
The Leighton Hill
 
Larvotto
 
The Arch
 
Royal Peninsula
 
Oscar by the Sea
 
Pristine Villa

Hong Kong (commercial) edit

ICC edit

The International Commerce Centre (ICC) in West Kowloon is the tallest building in Hong Kong, standing at 490m with 118 storeys. The development was also chosen as one of the world's top 125 most important works of architecture by Architectural Record in commemoration of the magazine's 125th anniversary.[37]

The tower opened in 2011. While most of the building is leased out as office spaces – ICC provides 2.5 million square feet of office space – the building also houses the Sky100 Hong Kong Observation Deck on the 100th floor as well as restaurants on the 101st floor, with the former providing a 360-degree view over the Victoria Harbour at 393 metres above the sea level. The Ritz-Carlton hotel occupies the building's 102nd to 118th floor. The world's highest swimming pool is located on the top floor as part of the hotel.[38]

The building also has LED lights on its facades for a light show, which has set a Guinness World Record for the "largest light and sound show on a single building". The show occurs twice a night, and can be viewed along both sides of the Victoria Harbour.[39]

The SHKP Vertical Run for Charity has been an annual event hosted by SHKP at ICC since 2012.[40]

IFC edit

The International Finance Centre is an integrated commercial development, which includes the currently second tallest building in Hong Kong, only next to ICC.[41] Situated above the Hong Kong MTR station, the project was developed and owned by IFC Development, a consortium with SHKP as one of the members. The IFC project was completed in September 2006, providing a gross floor area of over 4 million square feet in total. It consists of two office towers – One IFC and Two IFC – the Four Seasons Hotel Hong Kong, and the IFC mall.[42] Notable occupants of the development include the Hong Kong Monetary Authority, which purchased 14 floors in Two IFC in 2001.

The ifc mall in the IFC development has 4 floors of luxury retail shops and restaurants. It is also where Hong Kong's first Apple retail store is located.

Millennium City edit

Millennium City is a multi-tower development project built along the Kwun Tong Road. By 2016, Phases 1–3, 5 and 6 have been completed.

Millennium City 1, the first to be completed and the largest of the Millennium City cluster, comprises a twin pair of 30-storey towers. The two towers combined provide a total of 1,230,000 square feet of commercial space.[43]

New Town Plaza edit

New Town Plaza is an SHKP development located in Sha Tin, Hong Kong. The development project was completed in three phases (Phase 1: 9-storey shopping mall; Phase 2: Royal Park Hotel; Phase 3: private housing and a 3-storey shopping mall). New Town Plaza was the largest development of its kind in New Territories at its time of completion in the 1980s.[44]

Royal Park Hotel is connected to the metro station and New Town Plaza mall via a covered walkway and is close to local attractions such as Che Kung Temple, Sha Tin Racecourse and the Hong Kong Heritage Museum. Royal Park Hotel hosted Olympians competing in equestrian programmes during the Beijing 2008 Summer Olympic Games.[45]

apm edit

Opened in March 2005, apm is one of the largest shopping malls targeted at a younger generation of consumers.[46] The name APM is an amalgamation of AM and PM, reflecting how the shops in the mall operate with extended hours, allowing consumers to shop even at hours when most others shops are closed. APM has a lot of retail shops, restaurants and entertainment options, most of the open at least until midnight.[47]

In tune with the theme of being young and trendy, APM houses retail brands that are typically tailored for a younger audience. A cinema, game zone and a karaoke bar are some of the other amenities that visitors can find in the mall.[48]

Airport Freight Forwarding Centre edit

Transitional housing project - United Court edit

SHKP announced that it will lease three plots of land to non-governmental organizations for 8 years for a nominal sum of HK$1. The donation will yield around 2,000 social housing units for low-income families waiting for public housing. The company will team up with the Hong Kong Sheng Kung Hui Welfare Council for the biggest project called United Court. When completed in 2022, United Court would provide homes for 1,600 families and ultimately benefit 5,000 families.[49][50]

Other businesses edit

The company also has complimentary operations in the following property-related fields:

  • Hotels
  • Property management
  • Telecommunications
  • Information technology
  • Infrastructure and other businesses

It was once reported in a local newspaper that the company and Cheung Kong (Holdings) are together increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land inexpensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.[51]

Nevertheless, clarification was later made in the letters to editors column in the same newspaper that Sun Hung Kai Properties' overall share of primary residential sales in terms of attributable value from January to July 2010 has been approximately 20% – a figure that has been largely stable over the last few years.[52]

Construction and project management edit

The subsidiary of SHKP, Sanfield (Management) Limited is the major construction project management company for the corporation's real estate development.[53] Established in 1974,[54] the company headquarter is located at Sun Hung Kai Centre. The company mainly provides construction service to SHKP to build private residential buildings, commercial office towers and comprehensive development.[55] In 2020, it had about 3000 employees.

Sanfield provides a wide range of related services to SHKP and third parties, including landscaping, provision of electrical- and fire-prevention systems as well as leasing of construction plant and machinery. Through an associate and its wholly-owned subsidiaries, the company also supplies ready-mix concrete and precast concrete components to SHKP and external parties.[56][57] The company is also an accredited corporation for provide construction safety training and engineering training by Hong Kong Labour Department and The Hong Kong Institution of Engineers.[58][59]

Its major projects include:

 
International Commerce Centre under construction in 2005
 
International Commerce Centre, tallest building in Hong Kong since 2010

Property management edit

Hong Yip Service Company Limited and Kai Shing Management Services Limited are two of the main property management firms own by SHKP based in Hong Kong.[68]

References edit

  1. ^ a b "History and Milestones". Sun Hung Kai Properties. Retrieved 18 March 2019.
  2. ^ a b c d "5 things about Sun Hung Kai's Kwok brothers and Hong Kong's biggest corruption trial". The Straits Times. Singapore Press Holdings. 8 May 2014. Retrieved 18 March 2019.
  3. ^ "Who are the Kwok brothers?". BBC News. 18 April 2012. Retrieved 17 November 2016.
  4. ^ 【四叔退休】李兆基為何叫「四叔」? 在港發跡靠「三劍俠」. instant "wealth" news section. hket.com. Hong Kong Economic Times Holdings. 20 March 2019. Retrieved 21 March 2019.
  5. ^ 新鴻基「三劍俠」名聲起 四叔身家1882億. Ming Pao (in Chinese (Hong Kong)). Media Chinese International. 21 March 2019. Retrieved 21 March 2019.
  6. ^ a b "THE SHKP CHRONOLOGY – 30 YEARS AT A GLANCE" (PDF). Annual Report 2001/02 (Report). Sun Hung Kai Properties. 18 October 2002 – via Hong Kong Exchanges and Clearing website.
  7. ^ "Business Directory - Hong Kong General Chamber of Commerce".
  8. ^ "Hong Kong mobile network operator SmarTone looks to 'next stage of growth with new CEO". SCMP. 23 May 2016.
  9. ^ "Milestones - Our Company - Smartone". SmarTone. Retrieved 5 October 2016.
  10. ^ "World Trade Centre gets huge facelift". SCMP. 19 October 1994.
  11. ^ "Highway project reaches end of road". SCMP. 25 May 1998.
  12. ^ "Property players vie for Shanghai 'Wall St' last gem". SCMP. 13 July 2005.
  13. ^ "YoHo Town sales spur property counters". SCMP. 8 July 2003.
  14. ^ "Lujiazui project". SCMP. 16 September 2004.
  15. ^ "Millennium City Phase V – APM". Fun in Kwun Tong. Retrieved 6 October 2016.
  16. ^ "The Kwok Brothers Who Re-Created Noah's Ark". Bloomberg. 7 September 2012.
  17. ^ "SHKP wins bid for Shanghai city centre site with record price". SCMP. 5 September 2013.
  18. ^ "New social welfare facilities proposed by non-governmental organisation". HKSAR Government Press Release. 5 July 2016.
  19. ^ "Sun Hung Kai pays HK$42.2b for site atop West Kowloon station". The Standard. 27 November 2019.
  20. ^ "Sun Hung Kai bags a bargain with West Kowloon site". RTHK. 27 November 2019.
  21. ^ "Hong Kong's Kwok family boosts city with HK$9.4 billion cheque for stake in Sun Hung Kai towers atop West Kowloon station". SCMP. 16 December 2019.
  22. ^ Wong, Kelvin – Bloomberg News (30 March 2012). Sun Hung Kai Loses $5.8 Billion on Billionaire Kwoks' Arrest[permanent dead link]. San Francisco Chronicle.
  23. ^ "Former chief secretary Rafael Hui found guilty." RTHK English News. 19 December 2014. Retrieved 19 December 2014.
  24. ^ Lee Yimou; Ko, Lizzie (19 December 2014). "Hong Kong former official, property tycoon guilty in graft case." Reuters. Retrieved 19 December 2014.
  25. ^ Bloomberg (18 June 2003). . The Standard. Hong Kong. Archived from the original on 21 May 2008. Retrieved 23 March 2007.
  26. ^ (PDF). Sun Hung Kai Properties. 2007. Archived from the original (PDF) on 10 June 2013. Retrieved 10 April 2007.
  27. ^ Lau, Eli (19 May 2005). . The Standard. Hong Kong. Archived from the original on 22 May 2011. Retrieved 10 April 2007.
  28. ^ Wang, Raymond (20 May 2005). . The Standard. Hong Kong. Archived from the original on 5 October 2015. Retrieved 10 April 2007.
  29. ^ Press Release:Leave of absence of Chairman and Chief Executive Sun Hung Kai Properties, 18 February 2008
  30. ^ Staff reporter, "Lover feud splits Kwok brothers" 11 December 2008 at the Wayback Machine, The Standard, 19 February 2008
  31. ^ "Walter will return, says SHK" (新地﹕郭炳湘將重返公司", Ming Pao, 20 February 2008
  32. ^ Staff reporter, "My ex-wife fell for a Kwok" 11 December 2008 at the Wayback Machine, The Standard, 20 February 2008
  33. ^ Benjamin Scent, Katherine Ng & Stephanie Tong, "Sensational accusations fly as SHKP chairman takes his fight to court" 22 May 2011 at the Wayback Machine, The Standard, 16 May 2008
  34. ^ Benjamin Scent, "Fallout over Chan appointment" 22 May 2011 at the Wayback Machine, The Standard, 16 May 2008
  35. ^ Katherine Ng, "ICC rents caught in Kwok feud" 22 May 2011 at the Wayback Machine, The Standard, 21 May 2008
  36. ^ "Credit Ratings". Sun Hung Kai Properties. Retrieved 5 August 2011.
  37. ^ "RECORD's Top 125 Buildings: 101-125". Architectural Record.
  38. ^ "ICC Hong Kong's Tallest Building - The Union Square Complex and Sky 100". Hong Kong Traveller. Retrieved 18 January 2017.
  39. ^ "International Commerce Centre". Discover Hong Kong. Retrieved 18 January 2017.
  40. ^ "Vertical runners scale ICC's 2,120 stairs in just 12 minutes". Coconuts Hong Kong. 8 December 2015.
  41. ^ "IFC Hong Kong Profile". About.com Travel. 29 November 2015.
  42. ^ "HK's tallest building gets rent to match". SCMP. 1 February 2006.
  43. ^ "PROPERTY VALUATIONS" (PDF). HKex News. 21 October 2002.
  44. ^ "NEW TOWN PLAZA - THE BIGGEST SHOPPING MALL IN THE NEW TERRITORIES, HONG KONG". I Love Hong Kong. Retrieved 25 January 2017.
  45. ^ "Medical team well prepared for the Equestrian Events". Hong Kong Government News. 31 July 2008.
  46. ^ "Millennium City Phase V – APM". Fun in Kwun Tong. Retrieved 25 January 2017.
  47. ^ "APM - THE LARGEST SHOPPING MALL IN KWUN TONG, HONG KONG". I Love Hong Kong. Retrieved 25 January 2017.
  48. ^ "apm". Next Stop Hong Kong. Retrieved 25 January 2017.
  49. ^ "Sun Hung Kai Properties offers three parcels of land to help ease Hong Kong housing crisis amid social unrest". SCMP. 10 January 2020. Retrieved 8 February 2020.
  50. ^ "Hong Kong property scion says social housing a top priority". The Business Times. 11 January 2020. Retrieved 8 February 2020.
  51. ^ Kwok, Vivian (12 August 2010). "Two developers tower over market". SCMP. Retrieved 12 August 2010.
  52. ^ Letters to editors (1 September 2010). . SCMP. Archived from the original on 21 July 2011. Retrieved 1 September 2010. {{cite news}}: |last= has generic name (help)
  53. ^ "Construction". Sun Hung Kai Properties. Retrieved 6 January 2021.
  54. ^ 王玥晨 (30 August 2021). "元新輝建築暑期實習 傳授業內最新科技" [Sanfield Building Contractors providing summer internship at Yuen Long and promoting latest construction technology]. HK01 (in Traditional Chinese). Hong Kong. from the original on 1 September 2021. Retrieved 29 January 2022.
  55. ^ [[Merit Award] Sanfield (Management) Limited] (in Traditional Chinese). Hong Kong Productivity Council. Archived from the original on 6 August 2020. Retrieved 6 August 2020.
  56. ^ "Construction". Sun Hung Kai Properties. from the original on 22 December 2021. Retrieved 29 January 2022.
  57. ^ Sandy Li (27 July 2021). "Hong Kong developers put their faith in technology to cut human error after New World's Pavilia Farm fiasco". South China Morning Post. from the original on 8 October 2021. Retrieved 26 January 2022.
  58. ^ "Mandatory Basic Safety Training Courses (Construction Work)". Labour Department. Retrieved 29 January 2022.
  59. ^ "List of Companies Approved to Offer Scheme "A" Graduate Training" (PDF). The Hong Kong Institution of Engineers. Retrieved 29 January 2022.
  60. ^ "新鴻基中心簡介" [Introduction to Sun Hung Kai Centre]. 華僑日報 (in Traditional Chinese). Hong Kong. 26 September 1980. from the original on 23 January 2022. Retrieved 23 January 2022.
  61. ^ "Two International Finance Centre, Hong Kong". Chinese National Engineering Research Center for Steel Construction (Hong Kong Branch). The Hong Kong Polytechnic University. from the original on 23 January 2022. Retrieved 23 January 2022.
  62. ^ "Two International Finance Centre". Council on Tall Buildings and Urban Habitat. from the original on 23 January 2022. Retrieved 29 January 2022.
  63. ^ "The Arch". Council on Tall Buildings and Urban Habitat. from the original on 13 May 2021. Retrieved 29 January 2022.
  64. ^ "The Cullinan I". Council on Tall Buildings and Urban Habitat. from the original on 4 March 2021. Retrieved 29 January 2022.
  65. ^ "International Commerce Centre, Hong Kong". Chinese National Engineering Research Center for Steel Construction (Hong Kong Branch). The Hong Kong Polytechnic University. from the original on 23 January 2022. Retrieved 23 January 2022.
  66. ^ "元朗兩天橋用全港首創「轉體式」裝嵌完畢 節省近6成夜間施工時間" [Two Bridges in Yuen Long has been installed with the first "swivel type mechanism" in Hong Kong, saving nearly 60% of the construction time at night]. 頭條日報 (in Traditional Chinese). Hong Kong. 2 November 2021. from the original on 23 January 2022. Retrieved 29 January 2022.
  67. ^ "Widening of Sai Sha Road". Gammon Construction Limited. from the original on 8 August 2020. Retrieved 23 January 2022.
  68. ^ "Property Management". Sun Hung Kai Properties. Retrieved 6 January 2021.

External links edit

  • Official website
  • Business data for Sun Hung Kai Properties:
    • Bloomberg
    • Google
    • Reuters
    • Yahoo!

hung, properties, confused, with, hung, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, contains, content, that, written, like, advertisement, please, he. Not to be confused with Sun Hung Kai amp Co This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view January 2017 Learn how and when to remove this message A major contributor to this article appears to have a close connection with its subject It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view Please discuss further on the talk page November 2016 Learn how and when to remove this message This article contains a list of miscellaneous information Please relocate any relevant information into other sections or articles April 2019 Learn how and when to remove this message Sun Hung Kai Properties Limited SHKP is a listed corporation and one of the largest property developers in Hong Kong The company s businesses include property sales property rental telecommunications SmarTone SUNeVision hotel operation transport and logistics and others The company is controlled by the Kwok family trust largely the Kwok brothers 3 Sun Hung Kai Properties LimitedHeadquarters at Sun Hung Kai CentreCompany typePublicTraded asSEHK 16Hang Seng Index componentISINHK0016000132IndustryReal estatePredecessorSun Hung Kai EnterprisesFounded1963 61 years ago 1963 in Hong Kong as SHK Enterprises 1972 52 years ago 1972 in Hong Kong as SHK Properties 1 FounderKwok Tak Seng 2 Fung King Hey 2 Lee Shau Kee 2 HeadquartersSun Hung Kai Centre Wan Chai Hong KongKey peopleRaymond Kwok Chairman and Managing DirectorProductsProperty development property investment property management hotels telecommunications information technology and infrastructureRevenueHK 85 26 billion 2021 Operating incomeHK 36 67 billion 2021 Net incomeHK 27 44 billion 2021 Total assetsHK 796 42 billion 2021 Total equityHK 599 63 billion 2021 Number of employeesAbout 38 000Chinese nameTraditional Chinese新鴻基地產發展有限公司Simplified Chinese新鸿基地产发展有限公司Literal meaningSun Hung Kai real estate development limited companyTranscriptionsStandard MandarinHanyu PinyinXinhongji Dichǎn Fazhǎn YǒuxiangōngsiYue CantoneseJyutpingsan1 hung4 gei1 dei6 caan2 faat3 zin2 jau5 haan6 gung1 si1short nameTraditional Chinese新鴻基地產Simplified Chinese新鸿基地产TranscriptionsStandard MandarinHanyu PinyinXinhongji DichǎnYue CantoneseJyutpingsan1 hung4 gei1 dei6 caan2Websitewww wbr shkp wbr com Contents 1 History 1 1 Early years 1 2 1980s and 1990s 1 3 21st century 1 4 Corruption probe 1 5 List of chairmen 2 Business development 2 1 Projects 2 2 Internal sale opacity 2 3 Sibling fallout 3 Financing and assets 3 1 Land bank 3 2 Credit ratings 4 Real estate development projects 4 1 Hong Kong residential 4 2 Hong Kong commercial 4 2 1 ICC 4 2 2 IFC 4 2 3 Millennium City 4 2 4 New Town Plaza 4 2 5 apm 4 2 6 Airport Freight Forwarding Centre 4 2 7 Transitional housing project United Court 5 Other businesses 5 1 Construction and project management 5 2 Property management 6 References 7 External linksHistory editEarly years edit The predecessor of the group Sun Hung Kai Enterprises Co Ltd Chinese 新鴻基企業有限公司 was founded in 1963 by Kwok Tak seng together with Fung King hey and Lee Shau Kee 2 4 5 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 1972 1 In 1973 SHKP acquired Hong Yip Service Company Limited 6 non primary source needed In 1977 SHKP moved its head office to Connaught Centre Central now known as Jardine House In 1978 SHKP established Kai Shing Management Services Limited a property manager In 1978 SHKP put on sale the first multi block residential estate Tsuen Wan Centre first phase Also in 1978 SHKP became one of the 33 constituent stocks listed on the Hang Seng Index In 1979 SHKP established Sun Hung Kai Properties Insurance Limited which was a provider of general insurance 7 non primary source needed 1980s and 1990s edit 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 1991 SHKP acquired Wilson Parking 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 8 This subsidiary was listed in Hong Kong in 1996 9 In 1993 SHKP acquired World Trade Centre Causeway Bay 10 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 Country Park Section opened 11 In 1999 Shanghai Central Plaza commercial building was completed 12 21st century edit In 2000 SHKP won tender for Kowloon Station Development Packages 5 6 amp 7 now the International Commerce Centre ICC complex 6 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 In 2001 SHKP established the residential leasing division Signature Homes In 2002 SHKP set up SHKP Kwok s Foundation The foundation has actively supported charitable projects focusing on education and training projects In 2003 the first phases of YOHO Town in Yuen Long went on sale 13 The same year the company signed a land use transfer agreement with Shanghai Lujiazui Finance and Trade Zone Development Company for Shanghai IFC project 14 In 2005 SHKP opened APM Hong Kong s first late night retail centre 15 In 2005 SHKP acquired Seiyu Sha Tin Company Limited In 2009 Ma Wan Park Noah s Ark opened the first Christian theme park in Hong Kong 16 In 2013 SHKP acquired a commercial site with 7 6 million square feet of gross floor area in the Shanghai Xujiahui district 17 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 18 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 19 20 The Kwok family invested HK 9 4 billion US 1 2 billion for a 25 stake in the office towers 21 Corruption probe edit In 2012 SHK Executive Director Thomas Chan was arrested by the Independent Commission Against Corruption ICAC on 19 March along with eight people linked to the company on 29 March Co chairmen Thomas Kwok 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 22 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 23 24 List of chairmen edit Kwok Tak seng 1972 1990 founder Walter Kwok 1990 2008 oldest son of Kwok Tak seng Kwong Siu hing 2008 2011 wife of Kwok Tak seng Raymond Kwok and Thomas Kwok 2011 2014 joint chairmen younger sons of Kwok Tak seng Raymond Kwok 2014 youngest son of Kwok Tak sengBusiness development editProjects edit nbsp The International Finance Centre Tower 2 and the International Commerce Centre are the tallest buildings in Hong Kong In 1996 SHKP was the lead developer which had bid the sum of HK 5 5 billion to acquire the rights to develop Hong Kong s second tallest building the International Finance Centre The MTR Corporation was a partner in the venture 25 Sun Hung Kai Properties owns 47 5 per cent of the development Henderson Land Development whose chairman Lee Shau Kee sits on the SHKP board 26 took a 32 5 per cent stake in the project SHKP also built the International Commerce Centre the tallest building in Hong Kong Internal sale opacity edit In 2005 the developer was criticised for the lack of transparency in its public sale of residential properties to speculators and end users 27 The company was accused of the practice of internal sales of uncompleted units the absence of sale price lists and also for hyping sales for flats in its The Arch development in West Kowloon by announcing inflated prices per square metre achieved A buyer apparently paid HK 168 million or HK 31 300 per square foot for a 5 360 square foot 498 m2 penthouse Sweeteners were allegedly given discounts given to the same purchaser on other units bought but were excluded from the calculation This allowed SHK to raise prices of the next batch of 500 units by 5 10 percent But SHKP has denied the allegations 28 Sibling fallout edit On 18 February 2008 SHKP announced that Walter Kwok chairman and chief executive would take a temporary leave of absence for personal reasons with immediate effect Walter Kwok announced that he would take a personal holiday handing over his duties to his two younger brothers 29 The Standard reported that the elder Kwok was removed from his position by his mother who is the controlling shareholder of the company to protect the family interests The journal revealed that Walter s mistress of 4 years has been wielding increasing power in the business and causing friction with his brothers 30 The day after SHKP s announcement its stock price declined against the general market Corporate communications issued a second statement insisting that the business would not be affected and that Walter would resume his functions after his leave of 2 to 3 months Walter s mistress named by the press as Ida Tong Kam Hing 唐錦馨 had apparently introduced property transactions valued at HK 4 billion to the Group or to the Kwoks private investment vehicles Company spokesmen stated that no person named Ida Tong was employed by the Group 31 32 On 29 February tycoon and fellow board member Lee Shau Kee confirmed that Mrs Kwok forced the leave of absence upon Walter over Ida Tong during the last board meeting On 16 May 2008 Walter filed a writ with the High Court which claimed that Walter reached an agreement with his mother and two brothers in February that he would return to his duties if certain conditions were met Walter alleged that his two brothers violated the agreement by attempting to remove him despite having fulfilled the predefined criteria including procuring at least two medical opinions showing he is fit to return Walter secured a last minute injunction to delay the vote to allow more time for discussions 33 On the sidelines of the dispute to remove Walter as chairman and CEO Walter and his brothers claim the other s made major management decisions unwisely and without consultation 34 35 Financing and assets editSHKP was publicly listed in 1972 and is one of the largest property companies in Hong Kong It develops residential and commercial projects for sale and investment It employs more than 38 000 people and its services include land acquisition architecture construction engineering and property management It achieved a revenue of HK 85 302 million in the financial year 2018 19 with a profit attributable to shareholders of HK 44 912 million The majority of its revenues and operating profit were derived from property sales and rental Land bank edit As of 30 June 2019 the Group had a land bank in Hong Kong of 58 0 million square feet in terms of attributable gross floor area consisting of 32 9 million square feet of completed investment properties and 25 1 million square feet of properties under development As of 30 June 2019 the Group held a land bank of 65 4 million square feet in terms of attributable gross floor area on the mainland including 50 6 million square feet of properties under development and 14 8 million square feet of completed properties Credit ratings edit The Group has always attained the highest credit ratings among Hong Kong developers Moody s gave the Group an A1 rating and Standard amp Poor s gave the Group an A rating 36 Real estate development projects editHong Kong residential edit nbsp The Leighton Hill nbsp Larvotto nbsp The Arch nbsp Royal Peninsula nbsp Oscar by the Sea nbsp Pristine Villa The Arch The Belcher s Castello Chelsea Court City One The Cullinan East Point City Harbour Green Harbour Place Larvotto The Latitude The Leighton Hill Les Saisons Manhattan Hill Mayfair Gardens Oscar by the Sea Park Central Park Island Pristine Villa Royal Ascot Royal Peninsula Sham Wan Towers Villa Esplanada Woodland Crest YOHO Town Hong Kong commercial edit ICC edit The International Commerce Centre ICC in West Kowloon is the tallest building in Hong Kong standing at 490m with 118 storeys The development was also chosen as one of the world s top 125 most important works of architecture by Architectural Record in commemoration of the magazine s 125th anniversary 37 The tower opened in 2011 While most of the building is leased out as office spaces ICC provides 2 5 million square feet of office space the building also houses the Sky100 Hong Kong Observation Deck on the 100th floor as well as restaurants on the 101st floor with the former providing a 360 degree view over the Victoria Harbour at 393 metres above the sea level The Ritz Carlton hotel occupies the building s 102nd to 118th floor The world s highest swimming pool is located on the top floor as part of the hotel 38 The building also has LED lights on its facades for a light show which has set a Guinness World Record for the largest light and sound show on a single building The show occurs twice a night and can be viewed along both sides of the Victoria Harbour 39 The SHKP Vertical Run for Charity has been an annual event hosted by SHKP at ICC since 2012 40 IFC edit The International Finance Centre is an integrated commercial development which includes the currently second tallest building in Hong Kong only next to ICC 41 Situated above the Hong Kong MTR station the project was developed and owned by IFC Development a consortium with SHKP as one of the members The IFC project was completed in September 2006 providing a gross floor area of over 4 million square feet in total It consists of two office towers One IFC and Two IFC the Four Seasons Hotel Hong Kong and the IFC mall 42 Notable occupants of the development include the Hong Kong Monetary Authority which purchased 14 floors in Two IFC in 2001 The ifc mall in the IFC development has 4 floors of luxury retail shops and restaurants It is also where Hong Kong s first Apple retail store is located Millennium City edit Millennium City is a multi tower development project built along the Kwun Tong Road By 2016 Phases 1 3 5 and 6 have been completed Millennium City 1 the first to be completed and the largest of the Millennium City cluster comprises a twin pair of 30 storey towers The two towers combined provide a total of 1 230 000 square feet of commercial space 43 New Town Plaza edit New Town Plaza is an SHKP development located in Sha Tin Hong Kong The development project was completed in three phases Phase 1 9 storey shopping mall Phase 2 Royal Park Hotel Phase 3 private housing and a 3 storey shopping mall New Town Plaza was the largest development of its kind in New Territories at its time of completion in the 1980s 44 Royal Park Hotel is connected to the metro station and New Town Plaza mall via a covered walkway and is close to local attractions such as Che Kung Temple Sha Tin Racecourse and the Hong Kong Heritage Museum Royal Park Hotel hosted Olympians competing in equestrian programmes during the Beijing 2008 Summer Olympic Games 45 apm edit Opened in March 2005 apm is one of the largest shopping malls targeted at a younger generation of consumers 46 The name APM is an amalgamation of AM and PM reflecting how the shops in the mall operate with extended hours allowing consumers to shop even at hours when most others shops are closed APM has a lot of retail shops restaurants and entertainment options most of the open at least until midnight 47 In tune with the theme of being young and trendy APM houses retail brands that are typically tailored for a younger audience A cinema game zone and a karaoke bar are some of the other amenities that visitors can find in the mall 48 Airport Freight Forwarding Centre edit Main article Airport Freight Forwarding Centre Transitional housing project United Court edit SHKP announced that it will lease three plots of land to non governmental organizations for 8 years for a nominal sum of HK 1 The donation will yield around 2 000 social housing units for low income families waiting for public housing The company will team up with the Hong Kong Sheng Kung Hui Welfare Council for the biggest project called United Court When completed in 2022 United Court would provide homes for 1 600 families and ultimately benefit 5 000 families 49 50 Other businesses editThe company also has complimentary operations in the following property related fields Hotels Property management Telecommunications Information technology Infrastructure and other businesses It was once reported in a local newspaper that the company and Cheung Kong Holdings are together increasingly dominant in the development of new private homes accounting for 70 of the market in 2010 up from around half of that in 2003 This concentration with much of the rest of the market occupied by other very large firms is attributed to the government s policy of auctioning land inexpensively large blocks squeezing out small and mid sized firms according to the Consumer Council 51 Nevertheless clarification was later made in the letters to editors column in the same newspaper that Sun Hung Kai Properties overall share of primary residential sales in terms of attributable value from January to July 2010 has been approximately 20 a figure that has been largely stable over the last few years 52 Construction and project management edit The subsidiary of SHKP Sanfield Management Limited is the major construction project management company for the corporation s real estate development 53 Established in 1974 54 the company headquarter is located at Sun Hung Kai Centre The company mainly provides construction service to SHKP to build private residential buildings commercial office towers and comprehensive development 55 In 2020 it had about 3000 employees Sanfield provides a wide range of related services to SHKP and third parties including landscaping provision of electrical and fire prevention systems as well as leasing of construction plant and machinery Through an associate and its wholly owned subsidiaries the company also supplies ready mix concrete and precast concrete components to SHKP and external parties 56 57 The company is also an accredited corporation for provide construction safety training and engineering training by Hong Kong Labour Department and The Hong Kong Institution of Engineers 58 59 Its major projects include nbsp International Commerce Centre under construction in 2005 nbsp International Commerce Centre tallest building in Hong Kong since 2010 Sun Hung Kai Centre 1981 60 Two International Finance Centre 2003 61 62 The Arch 2006 63 The Cullinan 2009 64 International Commerce Centre 2010 65 Millennium City 1998 2022 YOHO Series Development 2004 2023 66 Sai Sha Road Expansion Project 2023 67 Property management edit Hong Yip Service Company Limited and Kai Shing Management Services Limited are two of the main property management firms own by SHKP based in Hong Kong 68 References edit a b History and Milestones Sun Hung Kai Properties Retrieved 18 March 2019 a b c d 5 things about Sun Hung Kai s Kwok brothers and Hong Kong s biggest corruption trial The Straits Times Singapore Press Holdings 8 May 2014 Retrieved 18 March 2019 Who are the Kwok brothers BBC News 18 April 2012 Retrieved 17 November 2016 四叔退休 李兆基為何叫 四叔 在港發跡靠 三劍俠 instant wealth news section hket com Hong Kong Economic Times Holdings 20 March 2019 Retrieved 21 March 2019 新鴻基 三劍俠 名聲起 四叔身家1882億 Ming Pao in Chinese Hong Kong Media Chinese International 21 March 2019 Retrieved 21 March 2019 a b THE SHKP CHRONOLOGY 30 YEARS AT A GLANCE PDF Annual Report 2001 02 Report Sun Hung Kai Properties 18 October 2002 via Hong Kong Exchanges and Clearing website Business Directory Hong Kong General Chamber of Commerce Hong Kong mobile network operator SmarTone looks to next stage of growth with new CEO SCMP 23 May 2016 Milestones Our Company Smartone SmarTone Retrieved 5 October 2016 World Trade Centre gets huge facelift SCMP 19 October 1994 Highway project reaches end of road SCMP 25 May 1998 Property players vie for Shanghai Wall St last gem SCMP 13 July 2005 YoHo Town sales spur property counters SCMP 8 July 2003 Lujiazui project SCMP 16 September 2004 Millennium City Phase V APM Fun in Kwun Tong Retrieved 6 October 2016 The Kwok Brothers Who Re Created Noah s Ark Bloomberg 7 September 2012 SHKP wins bid for Shanghai city centre site with record price SCMP 5 September 2013 New social welfare facilities proposed by non governmental organisation HKSAR Government Press Release 5 July 2016 Sun Hung Kai pays HK 42 2b for site atop West Kowloon station The Standard 27 November 2019 Sun Hung Kai bags a bargain with West Kowloon site RTHK 27 November 2019 Hong Kong s Kwok family boosts city with HK 9 4 billion cheque for stake in Sun Hung Kai towers atop West Kowloon station SCMP 16 December 2019 Wong Kelvin Bloomberg News 30 March 2012 Sun Hung Kai Loses 5 8 Billion on Billionaire Kwoks Arrest permanent dead link San Francisco Chronicle Former chief secretary Rafael Hui found guilty RTHK English News 19 December 2014 Retrieved 19 December 2014 Lee Yimou Ko Lizzie 19 December 2014 Hong Kong former official property tycoon guilty in graft case Reuters Retrieved 19 December 2014 Bloomberg 18 June 2003 Tenanting tallest tower looks likely to be a tall order The Standard Hong Kong Archived from the original on 21 May 2008 Retrieved 23 March 2007 Annual Report 2006 PDF Sun Hung Kai Properties 2007 Archived from the original PDF on 10 June 2013 Retrieved 10 April 2007 Lau Eli 19 May 2005 Flats frenzy puts system in spotlight The Standard Hong Kong Archived from the original on 22 May 2011 Retrieved 10 April 2007 Wang Raymond 20 May 2005 Speculators may blow new bubble The Standard Hong Kong Archived from the original on 5 October 2015 Retrieved 10 April 2007 Press Release Leave of absence of Chairman and Chief Executive Sun Hung Kai Properties 18 February 2008 Staff reporter Lover feud splits Kwok brothers Archived 11 December 2008 at the Wayback Machine The Standard 19 February 2008 Walter will return says SHK 新地 郭炳湘將重返公司 Ming Pao 20 February 2008 Staff reporter My ex wife fell for a Kwok Archived 11 December 2008 at the Wayback Machine The Standard 20 February 2008 Benjamin Scent Katherine Ng amp Stephanie Tong Sensational accusations fly as SHKP chairman takes his fight to court Archived 22 May 2011 at the Wayback Machine The Standard 16 May 2008 Benjamin Scent Fallout over Chan appointment Archived 22 May 2011 at the Wayback Machine The Standard 16 May 2008 Katherine Ng ICC rents caught in Kwok feud Archived 22 May 2011 at the Wayback Machine The Standard 21 May 2008 Credit Ratings Sun Hung Kai Properties Retrieved 5 August 2011 RECORD s Top 125 Buildings 101 125 Architectural Record ICC Hong Kong s Tallest Building The Union Square Complex and Sky 100 Hong Kong Traveller Retrieved 18 January 2017 International Commerce Centre Discover Hong Kong Retrieved 18 January 2017 Vertical runners scale ICC s 2 120 stairs in just 12 minutes Coconuts Hong Kong 8 December 2015 IFC Hong Kong Profile About com Travel 29 November 2015 HK s tallest building gets rent to match SCMP 1 February 2006 PROPERTY VALUATIONS PDF HKex News 21 October 2002 NEW TOWN PLAZA THE BIGGEST SHOPPING MALL IN THE NEW TERRITORIES HONG KONG I Love Hong Kong Retrieved 25 January 2017 Medical team well prepared for the Equestrian Events Hong Kong Government News 31 July 2008 Millennium City Phase V APM Fun in Kwun Tong Retrieved 25 January 2017 APM THE LARGEST SHOPPING MALL IN KWUN TONG HONG KONG I Love Hong Kong Retrieved 25 January 2017 apm Next Stop Hong Kong Retrieved 25 January 2017 Sun Hung Kai Properties offers three parcels of land to help ease Hong Kong housing crisis amid social unrest SCMP 10 January 2020 Retrieved 8 February 2020 Hong Kong property scion says social housing a top priority The Business Times 11 January 2020 Retrieved 8 February 2020 Kwok Vivian 12 August 2010 Two developers tower over market SCMP Retrieved 12 August 2010 Letters to editors 1 September 2010 Sun Hung Kai offers small flats SCMP Archived from the original on 21 July 2011 Retrieved 1 September 2010 a href Template Cite news html title Template Cite news cite news a last has generic name help Construction Sun Hung Kai Properties Retrieved 6 January 2021 王玥晨 30 August 2021 元新輝建築暑期實習 傳授業內最新科技 Sanfield Building Contractors providing summer internship at Yuen Long and promoting latest construction technology HK01 in Traditional Chinese Hong Kong Archived from the original on 1 September 2021 Retrieved 29 January 2022 優異獎 新輝 建築管理 有限公司 Merit Award Sanfield Management Limited in Traditional Chinese Hong Kong Productivity Council Archived from the original on 6 August 2020 Retrieved 6 August 2020 Construction Sun Hung Kai Properties Archived from the original on 22 December 2021 Retrieved 29 January 2022 Sandy Li 27 July 2021 Hong Kong developers put their faith in technology to cut human error after New World s Pavilia Farm fiasco South China Morning Post Archived from the original on 8 October 2021 Retrieved 26 January 2022 Mandatory Basic Safety Training Courses Construction Work Labour Department Retrieved 29 January 2022 List of Companies Approved to Offer Scheme A Graduate Training PDF The Hong Kong Institution of Engineers Retrieved 29 January 2022 新鴻基中心簡介 Introduction to Sun Hung Kai Centre 華僑日報 in Traditional Chinese Hong Kong 26 September 1980 Archived from the original on 23 January 2022 Retrieved 23 January 2022 Two International Finance Centre Hong Kong Chinese National Engineering Research Center for Steel Construction Hong Kong Branch The Hong Kong Polytechnic University Archived from the original on 23 January 2022 Retrieved 23 January 2022 Two International Finance Centre Council on Tall Buildings and Urban Habitat Archived from the original on 23 January 2022 Retrieved 29 January 2022 The Arch Council on Tall Buildings and Urban Habitat Archived from the original on 13 May 2021 Retrieved 29 January 2022 The Cullinan I Council on Tall Buildings and Urban Habitat Archived from the original on 4 March 2021 Retrieved 29 January 2022 International Commerce Centre Hong Kong Chinese National Engineering Research Center for Steel Construction Hong Kong Branch The Hong Kong Polytechnic University Archived from the original on 23 January 2022 Retrieved 23 January 2022 元朗兩天橋用全港首創 轉體式 裝嵌完畢 節省近6成夜間施工時間 Two Bridges in Yuen Long has been installed with the first swivel type mechanism in Hong Kong saving nearly 60 of the construction time at night 頭條日報 in Traditional Chinese Hong Kong 2 November 2021 Archived from the original on 23 January 2022 Retrieved 29 January 2022 Widening of Sai Sha Road Gammon Construction Limited Archived from the original on 8 August 2020 Retrieved 23 January 2022 Property Management Sun Hung Kai Properties Retrieved 6 January 2021 External links edit nbsp Wikimedia Commons has media related to Sun Hung Kai Properties Official website Business data for Sun Hung Kai Properties BloombergGoogleReutersYahoo Retrieved from https en wikipedia org w index php title Sun Hung Kai Properties amp oldid 1220530070 Construction and project management, wikipedia, wiki, book, books, library,

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