A four-bedroom unit at The Cullinan in Homantin was sold via tender for HK$70.68 million, with the price per square foot exceeding HK$41,000.

Sun Hung Kai Properties (00016.HK)'s Homantin project, The Cullinan, has recently sold Unit B on the 18th floor of Tower 2 via public tender. The unit has a saleable area of 1,708 square feet, featuring a four-bedroom layout. The transaction price was HK$70.68 million, equivalent to HK$41,382 per square foot.

AASTOCKSDec 11 10:13

New World Development (00016.HK) has unveiled the top special units of Phase 1B of its 'SIERRA SEA' project in Sai Sha. The units are planned to be sold through a tender process.

Sun Hung Kai Properties (00016.HK) subsidiary West Sands 'SIERRA SEA' Phase 1B opened the completed unit at 17/F, Unit A, Building 1 of Bleu Avenue today (October 10). The specialty unit is expected to upload the sales arrangement this week and will be offered for sale via a tender process. This unit is the largest special unit in terms of area within Phase 1B, located on the top floor, with a usable area of 1,290 square feet, accompanied by two platforms totaling 817 square feet and a rooftop terrace of 950 square feet. It features a layout of four bedrooms, including two en-suites, a study room, and a bathroom. The floor-to-floor height reaches up to 4 meters and enjoys expansive views spanning approximately 270 degrees encompassing both mountain and sea vistas.

AASTOCKSDec 10 17:31

Sun Hung Kai Properties Stock Climbs 0.7% in Hong Kong, Outperforms Competitors

Dow JonesDec 10 16:33

Citi's Investment Ratings and Target Prices for Hong Kong Property Stocks (Table)

Citi issued a research report listing its investment ratings and target prices for Hong Kong property stocks as follows: Stock | Investment Rating | Target Price (HKD) Wharf Holdings (00004.HK) | Sell | 18.3 HKD Henderson Land (00012.HK) | Buy | 30 HKD Hysan Development (00014.HK) | Buy | 17.35 HKD Sun Hung Kai Properties (00016.HK) | Buy | 105 HKD New World Development (00017.HK) | Sell | 4.8 HKD Sino Land (00083.HK) | Buy

AASTOCKSDec 10 10:02

Citi: Hong Kong's retail sales continue to outperform expectations, recommends增持九龙仓置业 (01997.HK).

Citi issued a research report stating that Hong Kong's retail sales performance continued to exceed expectations, with sales growing 6.9% year-on-year in October, marking the largest increase in the past 22 months. Luxury goods retail sales rose 9.5% year-on-year, reaching a 21-month high. The growth in retail sales in October was primarily driven by electronics and luxury goods, while supermarkets, furniture, and fuel categories recorded declines. Online retail sales also surged 27% year-on-year, accounting for a record-high 15% of total retail sales. Citi believes this is due to several mainland e-commerce platforms intensifying their focus on Hong Kong, leading to relatively weaker performance in secondary regional and community malls catering to daily consumer needs.

AASTOCKSDec 10 09:57

Chen Yuepeng spent HKD 1.97 million to purchase a parking space at The Wings in Tai Po.

CHAN Ngok-pang Ronald, Head of the Mainland Affairs Department of The Hong Kong Jockey Club and former Deputy Secretary for Constitutional and Mainland Affairs, purchased a residential parking space in Phase 1 of Sun Hung Kai Properties' (00016.HK) Yuen Homestead in Tai Po for HKD 1.97 million. According to the agent, a double-number parking space on Level B of Phase 1 of Yuen Homestead was sold for HKD 1.97 million in mid-last month. The buyer of the parking space was identified as CHAN Ngok-pang Ronald, whose Chinese and English names match those of the former Deputy Secretary for Constitutional and Mainland Affairs, suggesting they may be the same person. The agent noted that in early July this year, CHAN Ngok-pang purchased a top-floor three-bedroom unit in Tower 1 of the same development for HKD 29.427 million.

AASTOCKSDec 10 09:27