In a year of macroeconomic headwinds and uneven recovery across Asia-Pacific, Sun Hung Kai Properties (SHKP) demonstrated its resilience, scale and execution capability. The group’s vertically integrated model – from land acquisition and construction to property management and technology – continues to deliver consistent quality and long-term value across the region.
Financial strength underpins this performance. For financial year 2024/25, SHKP recorded HK$79.7 billion ($10.23 billion) in revenue (up 11.5% year-on-year), HK$21.9 billion in underlying profit, and reduced a net debt-to-equity ratio to 15.1%, reflecting disciplined capital management and robust liquidity.
In Hong Kong, Sai Sha Residences launched its first phases with overwhelming demand, complemented by Go Park Sai Sha, the city’s first privately developed sports and commercial complex open to the public. Cullinan Sky in Kai Tak redefined high-rise living with harbour views and a podium mall linked directly to the mass transit railway (MTR), while upcoming projects in West Kowloon and Mong Kok will reshape commercial hubs with transit-oriented design and mixed-use innovation.
With a pipeline of mixed-use, tech-enabled and zero-carbon projects, SHKP is setting new standards for sustainable urban development in Asia-Pacific
On the mainland, SHKP accelerated delivery of landmark integrated developments. Nanjing IFC Mall opened as a new luxury retail destination, while Shanghai’s Three ITC nears completion with Tower B, ITC Maison and Andaz Shanghai ITC set to transform Xujiahui. Hangzhou IFC began handovers at One IFC River West, and Suzhou’s Lake Genève continued to set benchmarks for low-density luxury living alongside the Four Seasons Hotel Suzhou. These projects highlight SHKP’s ability to execute at scale across China’s most dynamic urban centres.
Beyond property, SHKP strengthened its infrastructure platform. SUNeVision now operates Hong Kong’s largest datacentre network with 280MW capacity, including the hyperscale Mega IDC for cloud and AI workloads. At Hong Kong International Airport, the group secured a 15-year extension for its 1.6 million sq ft freight forwarding hub and committed HK$400 million to upgrades targeting a 30% throughput uplift by 2026 – reinforcing its role in regional logistics and digital infrastructure.
ESG leadership remains central
The international Commerce Centre (ICC) in Hong Kong became Asia’s first building to achieve LEED v5.0 Platinum for Existing Buildings, supported by AI-driven energy optimisation and extended reality facility management.
Across the portfolio, SHKP holds around 150 green building certifications, has installed 20,000 solar panels, and is building Hong Kong’s first privately funded landfill solar farm. Nearly 100 super-fast electric vehicle chargers now span all 18 districts, integrated with The Point loyalty programme to make green mobility part of daily life. With a pipeline of mixed-use, tech-enabled and zero-carbon projects, SHKP is setting new standards for sustainable urban development in Asia-Pacific.
