Sun Hung Kai Properties Limited (SHKP) today announced its 2019/20 Interim Results.

SHKP has a strong faith in the long-term prospect of Hong Kong.  With the city’s unique strength of ‘One Country, Two Systems’ and solid fundamentals while riding on opportunities from rapid developments on the mainland, the Group remains highly confident that Hong Kong will have a brighter future.

SHKP believes that the novel coronavirus epidemic will only have a short-term impact on Hong Kong and the Group.  Over the past 40 years, the Group has grown together with Hong Kong, going through ups and downs, including: the confidence crisis over the territory’s future in the 1980s, the Asian financial crisis in 1997, the SARS epidemic in 2003, and the global financial tsunami in 2008, and has emerged stronger each time.  With a solid foundation and extensive experience, the Group is confident that it will together with the people of Hong Kong and its staff succeed in overcoming the challenge brought by the coronavirus outbreak.

The Group’s recent successful acquisition of the landmark commercial site atop the High Speed Rail West Kowloon Terminus represents another key milestone of the Group’s development.  Located at the centre of the West Kowloon development area, the project will integrate with other developments in the district to create Hong Kong’s next most important business hub.  The development is a testament to the Group’s faith in, and commitment to, the long-term future of Hong Kong. As shown in the past, the Group continues investing in Hong Kong even during tough times. Hong Kong’s Two IFC was developed during the Asian financial crisis in the mid-1990s, Hong Kong ICC was built after the dot.com bubble burst in 2000 and the Shanghai IFC project was committed while the SARS epidemic was underway. These projects have all contributed to the development of Hong Kong and key cities on the mainland.

Irrespective of the short-term impact brought by the latest epidemic, the Group is pressing ahead with all its property developments, and will put new projects for sale on the market as soon as they are ready.  And as always, the Group will complete its residential developments for handover to customers on time, and with our signature high quality.

Knowing the operating difficulties of shopping mall tenants, and to safeguard jobs for their staff, SHKP has offered rent concessions to its mall tenants, hoping to ease their operating pressure.  On the other hand, the Group has strengthened measures to fight against the epidemic, including stepping up cleaning and disinfection of its properties, and making donations of face masks to the Hospital Authority and a number of charity organizations.

While tackling the epidemic, the Group has already drawn up plans for all its operations with a view to revive business right after the epidemic. They include plans and strategies to increase footfall and spending in shopping malls to help its tenants, as well as initiatives to promote property sales, hotel and other businesses. All these seek to put the local economy and the employment market back on track as soon as the virus outbreak subsides.

Please click here for details of the SHKP’s 2019/20 Interim Results.