Sun Hung Kai Properties : 2025/26 Interim Results Announcement

About this update from Sun Hung Kai Properties Limited

Sun Hung Kai Properties Limited (SHKP) today announced its 2025/26 interim results. The world is facing rising uncertainties with the escalation of geopolitical risks and intensifying protectionism. Through proactively embracing the latest market trends and addressing evolving customer needs, Sun Hung Kai Properties (SHKP) remained competitive in a changing operating environment and achieved satisfactory results during the period under review. During the period, Hong Kong's primary residential market experienced an increase in transaction volume and a mild recovery in prices. In attributable terms, the Group achieved contracted sales of about HK$17.4 billion in Hong Kong. Cullinan Sky Phase 2 in Kai Tak was a major contributor, while sales from other completed developments, including NOVO LAND Phase 3A in Tuen Mun, Dynasty Court in Mid-Levels, Victoria Harbour in North Point, University Hill in Tai Po and YOHO WEST Phase 1 in Tin Shui Wai, continued to receive positive market responses. In January 2026, the Group launched SIERRA SEA Phase 2A and 2B in Sai Sha, achieving contracted sales of more than HK$9 billion with a record-high subscription. Following the strong sales performance of SIERRA SEA Phase 2A and 2B, the Group plans to put on the market the following projects over the next 10 months: the second phase of Cullinan Harbour in Kai Tak, a project near MTR Tsuen Wan West Station, a project at Sha Po South in Yuen Long, the first phase of a large-scale development adjacent to MTR Kwu Tung Station, a project near MTR City One Station in Sha Tin, and the first phase of Tung Shing Lei project in Yuen Long. The Group continues to support the development of the Northern Metropolis. During the period, the Group completed lease modification procedures for a residential development in Kwu Tung South, Sheung Shui, increasing its total gross floor area to about 1.2 million square feet. The project will be developed in phases into over 2,700 small- and medium-sized units, making it the largest residential development in the North District over the past two decades. The Group is now developing eight projects in the Northern Metropolis, which will provide around 10,000 units with a total gross floor area of over 4.5 million square feet. In addition, a taskforce was established to further explore the development potential of the vast area. During the period, the ...

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