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SHKP wins Trusted Brand Award from Reader’s Digest for 15 years

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For the 15th consecutive year, Sun Hung Kai Properties Limited (SHKP) was named a Platinum Trusted Brand by Reader's Digest. The longstanding magazine commissioned a survey of Asian consumers and found SHKP to be the most trusted developer in Hong Kong. Four of the Group's business units were recognized with a platinum award and three gold awards. One of the gold awards went to the Group’s apm in the shopping mall category.

Additional gold awards went to Hong Yip Service Company Limited and Kai Shing Management Services Limited in the property management category, while Wilson Parking (Holdings) Limited won the platinum award in the car park category.

SHKP's constant customer focus helps exceed customer expectations for life, work and leisure with premium projects and thoughtful service. SHKP was the first local developer to adopt a “vertically integrated development model” with internal teams handling the whole development process – from project planning, design, sourcing, construction, landscaping to property management – to ensure strict quality control. Over the years, the Group has actively applied new technologies to many aspects of its property businesses to enhance customer experiences.

SHKP actively fulfils its corporate social responsibility with its Sports-for-Charity programmes, reading and holistic development initiatives, care for the underprivileged, and support for youth development. SHKP remains dedicated to its belief in Building Homes with Heart, and will continue to provide outstanding service for society at large.

Reader's Digest commissioned Catalyst Research, a noted market research company, to determine recipients of its awards by surveying respondents in Hong Kong, Singapore, Malaysia, the Philippines and Taiwan and rank brands according to six criteria, namely trustworthiness and credibility, quality, value, understanding of consumer needs, innovation as well as social responsibility.

SHKP named Caring Company for the 18th consecutive year

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Sun Hung Kai Properties Limited (SHKP) has long put its Building Homes with Heart belief into practice by proactively contributing to the community. The Group has been named a Caring Company for the 18th consecutive year, and 85 of its business units have earned the same recognition.

Amid the coronavirus pandemic, SHKP has continued to care for and help the community, especially the underprivileged. In addition to providing subdivided unit households with rent subsidies to alleviate their financial burdens, SHKP donated about 320,000 surgical masks to the Hospital Authority and various social service organizations. To help shopping mall tenants affected by the pandemic, SHKP has provided rent reductions for several months in a row; the Group has also implemented a series of measures across its malls and offices to fight the pandemic.

Among the 85 SHKP business units named Caring Company, 51 were awarded the honour for the 10th or even 15th year with businesses ranging from shopping mall, property management to construction and hotel. The Group will continue to leverage its expertise and resources as a responsible corporate citizen while Building Homes with Heart and creating long-term value for society.

Over the years, SHKP has committed to supporting the less fortunate and young people through various initiatives, including Sports for Charity, the Building Homes with Heart Caring Initiative, the Modern Apprenticeship Programme, the Hong Kong X-Tech Startup Platform, the INDEX co-working space, and SHKP-Kwoks' Foundation scholarships.

Early this year, the Group and the Hong Kong Sheng Kung Hui Welfare Council announced their cooperation in developing a large-scale transitional housing project, called United Court. Upon expected completion in early 2022, it will provide a comfortable home for 1,600 underprivileged families and ultimately benefit 5,000 families.

SHKP also encourages healthy and sustainable living, and exercise for good by staging the annual SHKP Vertical Run for Charity, as well as being the title and charity sponsor of the Sun Hung Kai Properties Hong Kong Cyclothon. To date, donations generated from these two events have supported more than 35 projects for children and youth development, benefitting over 100,000 people. Through the SHKP Reading Club, the Group promotes the joy of reading and holistic development among young people. An innovative online reading platform, Read For More, provides inspiring content to encourage the general public, especially young people, to enjoy reading and make it a habit. Also, the Read and Share programme is organized to provide a diverse range of activities for local primary and secondary schools to create a fun and joyful reading atmosphere.

The Caring Company Scheme, run by the Hong Kong Council of Social Service, aims to connect the business sector, the public and the social service sector, inspire corporate social responsibility, and promote partnerships among business and social service partners.

Ping An Life to become the second long-term strategic investor in SHKP’s commercial project atop High Speed Rail West Kowloon Station

Sun Hung Kai Properties Limited (SHKP) is pleased to announce that Ping An Life Insurance group (Ping An Life) will become another long-term strategic investor, along with the Kwok Family Companies, in the office portion of the commercial project atop the High Speed Rail West Kowloon Station.

Ping An Life will purchase from SHKP and the Kwok Family Companies 25% and 5% of the interests in the project’s office portion at the prices of HK$9,394 million and HK$1,879 million, respectively. Upon completion of the transactions, the interests in the office portion will be owned by SHKP (50%), Ping An Life (30%), and the Kwok Family Companies (20%). The retail portion of the project will remain wholly owned by SHKP. 

In December 2019, the Kwok Family Companies became the first strategic partners to participate in the development of the office towers on the site. SHKP had indicated on a number of occasions in the past that the Group intended to invite other long term strategic investors as well.
SHKP Chairman and Managing Director, Mr Raymond Kwok, said, “We are delighted to welcome Ping An Life as a strategic investor in this project. Ping An Life is a leading and highly reputable life insurance company with a strong financial position. We share the same vision in that we both intend to hold this landmark project as a long-term investment, as testimony to our confidence in and commitment to the future of Hong Kong.”

“The presence of major strategic investors in this project should act as a catalyst in attracting more multinational corporations and leading financial institutions to move in, thus further strengthening the reputation and market position of the project and that of the adjacent International Commerce Centre (ICC) as a key business and finance hub both in Hong Kong and the Greater Bay Area,” Mr Kwok said.

The development of ICC, which has become an iconic commercial hub of Hong Kong over the past 10 years, showcases SHKP’s solid experience in West Kowloon. The new site, atop the High Speed Rail West Kowloon Station, being Hong Kong’s largest commercial land plot in recent years in terms of site area, is widely acclaimed for its strategic location. It is the city’s only transportation hub of four railway lines, sitting atop a High Speed Rail station and adjoining the Airport Express Line, the MTR Tung Chung Line and the West Rail Line. It offers convenient access to different districts in Hong Kong and major cities on the Mainland, along with excellent global connections via the Airport Express and the Hong Kong International Airport. All these unique advantages will help develop the site into an international integrated commercial landmark.

Upon completion, the project will generate excellent synergy with ICC and drive West Kowloon’s evolution into an integrated commercial, retail, cultural, entertainment and transportation hub, as well as a vital commercial core in Hong Kong and the Greater Bay Area.

Key Facts and Figures
Underlying Profit
HK$ 13,422 million
(2019/20 Interim Results)
Hong Kong Land Bank
58.9 million square feet
Mainland Land Bank
69.7 million square feet
Hong Kong Retail Space
12 million square feet
Hong Kong Office Space
10 million square feet
Sustainable Development
Community Investment and Charity
Our Environmental Commitment
Employee Care
Loving Home and Domestic Harmony
Community Investment and Charity
Community Investment and Charity
Our Environmental Commitment
Employee Care
Loving Home and Domestic Harmony
Community Investment and Charity
Community Investment and Charity
Our Environmental Commitment
Our Environmental Commitment
Employee Care
Employee Care
Loving Home and Domestic Harmony
Loving Home and Domestic Harmony