SHK AUG6 (SHK2608) News

Major Brokerage: Morgan Stanley Remains Bullish on Hong Kong Property Market, Prefers Henderson Land (00016.HK) Among Developers

Morgan Stanley issued a report noting that Sun Hung Kai Properties (00016.HK) saw its share price decline by 5% yesterday (the 6th), compared with a 1.6% drop in the Hang Seng Index, following media reports that mainland authorities have begun taxing proceeds from offshore insurance policies. The firm remains optimistic about Hong Kong’s property market and expects the decline in transaction volumes observed in July—attributable to cross-border capital controls—to be temporary. Early last month, the firm downgraded Sun Hung Kai Properties to 'in line with the market,' primarily due to the year-on-year gain in the Centaline City Leading Index having peaked, which could continue to exert pressure on developers. Sun Hung Kai Properties’ share price exhibits a high correlation with the year-on-year movement of the Centaline City Leading Index; the firm believes the index will continue to rise, albeit at a moderating pace.

AASTOCKSAug 7 11:37

UBS Group: If mainland China imposes tax on residential investment returns from Hong Kong, net yields are expected to fall to 1.8%, aligning with those of tier-one cities on the mainland.

UBS Group published a report indicating that mainland China’s imposition of a 20% tax on returns from Hong Kong insurance policies could slow demand from the insurance sector for office space. A greater risk is that this 20% tax might be extended to Hong Kong residential properties, affecting both rental income and capital gains. The report notes that the latest gross rental yield for Hong Kong residential properties is approximately 3.2%, while fixed mortgage rates (for 3- to 5-year terms) stand at 2.73%. However, after deducting management fees, rates, and property tax, net rental yields typically fall to around 2.2%. If mainland authorities impose a 20% tax on offshore property investment income—similar to the treatment of insurance returns—mainland investors’ net rental returns would likely decline further.

AASTOCKSAug 7 11:04

Hong Kong Stock Market Movement | Most Hong Kong property stocks under pressure; Sun Hung Kai Properties (00016) down over 5%, Swire Properties (01972) down over 4%

Most Hong Kong property stocks came under pressure. As of the time of writing, Sun Hung Kai Properties (00016) fell 4.77% to HK$115.90, and Swire Properties (01972) dropped 4.58% to HK$22.90.

Zhitong FinanceAug 6 15:32

New Launch: A penthouse specialty unit in Phase 3A of NOVO LAND in Tuen Mun sold for HK$30.606 million, setting a new price record for Phase 3A of the development.

Sun Hung Kai Properties (00016.HK) has sold the first penthouse unit of Phase 3A at its NOVO LAND development in Tuen Mun via tender. The unit, located at Flat A1 on the 35th floor of Block 1, spans 1,493 square feet and features a four-bedroom, two-en-suite layout with a maid’s quarters. It includes a 477-square-foot terrace, an 871-square-foot rooftop, and a private swimming pool. The transaction price was HK$30.606 million, equating to approximately HK$20,500 per square foot, setting a new record high for Phase 3A of the development.

AASTOCKSAug 5 14:48

董事局會議召開日期

HKEXAug 4 16:46 · Announcements

Jingluo: Hong Kong's July mortgage registrations for completed properties fell 22.9% month-on-month, hitting a three-month low.

According to data from King Lun Mortgage Referral Research Department and the Land Registry of Hong Kong, the number of completed property mortgage registrations in July this year totaled 6,927, down by 2,056 or 22.9% month-over-month, marking the second consecutive monthly decline and reaching a three-month low.

Zhitong FinanceAug 3 14:08

Citi: Reform of the carried interest tax regime is expected to catalyze demand for office and residential properties in Hong Kong; Swire Properties (01972.HK) and Sun Hung Kai Properties (00016.HK) stand to benefit.

Citi published a research report noting that in June this year, the Hong Kong government gazetted and submitted the Inland Revenue (Amendment) (In respect of Funds, Family Investment Holding Vehicles and Carried Interest) Bill 2026, proposing enhancements to tax concessions by broadening the definition of funds, removing the 5% threshold for qualifying carried interest transactions, and granting tax concessions on carried interest to attract private equity funds and family offices to establish operations in Hong Kong, thereby driving inflows of capital and talent. Citi believes these reforms will serve as a structural catalyst for attracting capital and talent into Hong Kong, supporting demand for both office and residential space, with office demand expected to increase by at least 5% and prompting an influx of newly relocated professionals of approximately

AASTOCKSAug 3 12:26

《Hong Kong Property》Kam Tin's The Grand YOHO in Yuen Long sold 40 units last weekend, generating over HK$220 million in proceeds; transactions across the ten major housing estates remain at single-digit levels.

Over the past weekend, The Grand Yuen Long in Kam Tin recorded 40 transactions, generating proceeds exceeding HK$220 million. In the secondary residential market, the ten major housing estates tracked by the two largest property agencies each registered five transactions. Agents noted that rainy weather caused some viewings and sales activities to be postponed, and new launches have also diverted a significant portion of buyer demand and purchasing power from the secondary market, though they remain confident about the market outlook. As of yesterday (2nd), Sun Hung Kai Properties’ (00016.HK) The Grand Yuen Long in Kam Tin has cumulatively sold 299 units, raising over HK$1.6 billion in total. Of this, 40 units were sold over the past weekend alone, generating proceeds exceeding HK$220 million, including two bulk purchases—one buyer acquiring three two-bedroom units and another purchasing two units.

AASTOCKSAug 3 10:56

New Launch: Kai Tak Tierra – Phase 2 of The Pavilia recorded 10 tender sales, raising over HK$192 million.

Sun Hung Kai Properties (00016.HK) announced that its Kai Tak Tin Ha. Tin Phase 2 recorded 10 auction transactions today (30th), raising over HK$192 million in total proceeds. Among these, the unit with the highest transaction value and price per square foot was Unit A1 on the 25th floor of Tower 1 (Elite Zone), featuring a four-bedroom layout plus a maid’s room, with an internal area of 908 sq ft and including one parking space. It was sold for HK$430.188 million, or HK$47,378 per sq ft, setting a new record for the highest price per square foot among low-rise units in the development.

AASTOCKSJul 30 17:16

Sun Hung Kai Properties (00016.HK) has named the retail component of IGC 'Stage IGC,' with the first phase scheduled to commence trial operations by year-end.

Sun Hung Kai Properties (00016.HK) has officially named the retail component of its large-scale integrated development project in West Kowloon, IGC, as “Stage IGC.” Ms. Kwong Wai-huen, Deputy General Manager of the Leasing Department at Sun Hung Kai Properties (Sales and Leasing) Agency Limited, stated that Stage IGC targets local professionals, residents, and cross-border passengers traveling via the High Speed Rail and Airport Express. Leasing is currently underway, with the ground floor—approximately 80,000 square feet across about 40 stores—scheduled to commence trial operations in the first phase by year-end, featuring a diverse mix of dining, souvenir shops, and health and beauty retailers. The remaining four floors are expected to be fully operational by the third quarter of next year. Ms. Kwong added that Stage IGC...

AASTOCKSJul 28 16:05

Hong Kong Property: Silicon Hill in Pak Shek Kok, which entered the market four years ago, recorded 21 buyer defaults this month, with forfeited deposits totaling over HK$18 million.

Sun Hung Kai Properties (00016.HK) has recorded 21 cancellations this month for its new development, Silicon Hill, in Pak Shek Kok, Tai Po, involving a total contract value of approximately HK$178 million. The affected buyers are estimated to have forfeited deposits totaling over HK$18.3587 million. According to the Sales Order Record, the units involved are located in Towers 1, 2, 3, 5, and 6 of Silicon Hill and were originally sold between June and July 2022 at prices ranging from HK$7.2465 million to HK$11.6698 million. However, transaction records for these units were terminated on July 3, 9, 15, and 23, indicating that the buyers have defaulted, resulting in the developer’s forfeiture of their 10% deposits.

AASTOCKSJul 28 15:47

New Launch: Yuen Long Kam Tin’s The Regent will release 68 units for sale under its third round price list this Saturday, with prices starting from HK$4.06 million after discounts.

Sun Hung Kai Properties (00016.HK)'s Yuen Long Kam Tin project, The Grand YOHO III, will launch its third round of sales this Saturday (August 1), offering a total of 114 units, of which 68 will be sold via price list. The price-listed units comprise seven one-bedroom, 49 two-bedroom, and 12 three-bedroom units with one ensuite bathroom, ranging in saleable area from 290 to 498 square feet, with a combined market value of nearly HK$4 billion. After applying the maximum discount of 16%, the net prices range from HK$4.06 million to HK$6.6483 million, equating to net price per square foot ranging from HK$12,250 to HK$14,550. The entry-level unit is Unit F on the 9th floor of Tower 3, featuring a one-bedroom layout with a saleable area of 290 square feet, priced at a net

AASTOCKSJul 28 09:29

New Launch: Yuen Long Kam Tin Qian Yu Records Another Record-High Transaction; Three-Bedroom Unit Sold for HK$8.58 Million

Sun Hung Kai Properties (00016.HK) has recorded another record-breaking transaction at its Yuen Long Kam Tin project, The Grand YOHO III. The unit sold is Unit K on the 16th floor of Block 2, with a saleable area of 568 sq ft, configured as a three-bedroom unit with an en-suite master bedroom. It was sold for HK$8.58 million, or HK$15,106 per sq ft, marking a new high for the project in terms of transaction value. Including this sale, the development has now sold a total of 259 units, generating nearly HK$1.4 billion in proceeds. Sun Hung Kai noted that, following successive sell-outs of priced units and repeated record-breaking transactions, market enthusiasm continues to intensify, prompting many buyers to accelerate their purchases and driving both transaction volume and value to new highs.

AASTOCKSJul 27 16:10

‘Nangka’ Hits Hong Kong: Secondary Market Transactions Sluggish Last Weekend, Over 230 Primary Market Deals Supported by Two Major New Developments

Over the past weekend, secondary market transaction activity slowed due to Typhoon Honga’s impact on Hong Kong. However, according to market reports, primary market sales were supported by two new developments—in Kam Tin, Yuen Long, and LOHAS Park in Tseung Kwan O—recording a combined total of approximately 234 primary market transactions over the past two days. Sun Hung Kai Properties (00016.HK) launched the second phase of sales for its new Kam Tin, Yuen Long project, "The Dynasty," on Saturday (25th), offering 128 units, of which 118 were sold via price-list pricing. As of yesterday (26th), all units offered via price-list pricing had been fully subscribed. Over the weekend, one high-value tender sale was recorded: Unit K on the 8th floor of Block 2, with a saleable area of 568 square feet.

AASTOCKSJul 27 11:12

Sun Hung Kai Properties (00016.HK) has officially named its IGC development 'Global Harbour.' Multiple financial and wealth management institutions have already confirmed their tenancy.

Sun Hung Kai Properties (00016.HK) announced that the Chinese name for its flagship integrated commercial development, International Gateway Centre (IGC)—situated atop Hong Kong’s only high-speed rail station—has been officially designated as “Global Gateway.” The name signifies the convergence of global enterprises, capital, and talent, fully reflecting the project’s pivotal role as a key gateway and business hub connecting mainland China with the rest of the world, offering strategic footholds for businesses expanding into mainland and global markets. Multiple internationally renowned financial and wealth management institutions have already committed to leasing space at Global Gateway, with tenants spanning wealth management, banking, and insurance sectors, underscoring market recognition of Global Gateway’s exceptional quality.

AASTOCKSJul 24 17:48

Sun Hung Kai Properties Stock Sheds 1.9% in Hong Kong

Dow JonesJul 24 16:33

New Launch: Yuen Long Kam Tin's Chun Yuet received 8,510 applications in its second round of sales, representing an oversubscription of over 71 times.

The second round of sales for Yuen Long Kam Tin's The Arden, developed by Sun Hung Kai Properties (00016.HK), closed yesterday (23rd). Following verification, the developer received 8,510 expressions of interest. Based on the 118 units listed in the second-round price list, this represents an oversubscription of over 71 times.

AASTOCKSJul 24 10:00

New Launch: Kai Tak Tierra Residences Phase II Records 12 Tender Sales, Raising Over HK$254 Million

Sun Hung Kai Properties (00016.HK) announced that its Kai Tak Tierra – Tierra Phase 2 recorded 12 auction sales today (23rd), generating proceeds exceeding HK$254 million. Over the past six days, the project has achieved a total of 20 auction transactions, raising over HK$416 million. Among these, the unit with the highest transaction value and price per square foot is Unit A1 on the 21st floor of Tower 1 (Elite Zone), featuring a four-bedroom layout with one en-suite bathroom and a study room, offering a saleable area of 908 sq ft and including one parking space. It was sold for HK$40.944 million, or HK$45,093 per sq ft, setting a new record for the highest price per square foot among low-rise (Elite Zone) units in the project.

AASTOCKSJul 23 17:24

New Launch: Yuen Long Kam Tin’s The Garden Residences Revives Ballot for Unsuccessful Applicants, Combined with New Ballots Totalling 8,000 Applications, Oversubscribed by Nearly 67 Times

According to market sources, as of 6:00 p.m. yesterday (22nd), Grand Central Residences in Kam Tin, Yuen Long, developed by Sun Hung Kai Properties (00016.HK), had accumulated over 8,000 expressions of interest for the revived units from unsuccessful applicants and new ballots combined. This represents an oversubscription of nearly 67 times against the 118 units listed in the second round of sales.

AASTOCKSJul 23 09:48

Analyst Ratings | DBS: Maintains 'Buy' Rating on Sun Hung Kai Properties, Benefiting from Continued Recovery in Hong Kong's Property Market

DBS published a report stating that Sun Hung Kai Properties will benefit from the ongoing recovery in Hong Kong’s residential property market. As the city’s largest property developer, the company holds approximately 19.1 million square feet of development land reserves, along with substantial agricultural land holdings, positioning it to capitalize on the accelerated development of the Northern Metropolis. Meanwhile, its high-quality investment property portfolio continues to generate stable recurring income. The bank expects that as high-margin projects are progressively recognized, the overall pre-tax development margin for its Hong Kong projects will rebound from 8% in the first half of fiscal year 2026 and around 12% for the full year, to above 20% in fiscal years 2027 and 2028. The bank maintains its

Gelonghui FinanceJul 22 14:35 · Ratings