Sun Hung Kai Properties

In 1993, SHKP acquired World Trade Centre, Causeway Bay. From the mid-1990s the company undertook property development related to the new airport railway, including sites at the Airport Express Hong Kong Station.

In 1998, Route 3 (Country Park Section) opened.

In 1999, Shanghai Central Plaza commercial building was completed.

21st century

In 2000, SHKP won tender for Kowloon Station Development Packages 5, 6 & 7 – now the International Commerce Centre (ICC) complex. The complex was finished in 2010. The main building became the tallest building in Hong Kong at the time of completion.

On 17 March 2000, SUNeVision Holdings Limited, a subsidiary of SHKP, was listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong.

In 2001, SHKP established the residential leasing division Signature Homes.

In 2002, SHKP set up SHKP – Kwok's Foundation. The foundation has actively supported charitable projects, focusing on education and training projects.

In 2003, the first phases of YOHO Town in Yuen Long went on sale. The same year, the company signed a land-use transfer agreement with Shanghai Lujiazui Finance and Trade Zone Development Company for Shanghai IFC project.

In 2005, SHKP opened APM, Hong Kong's first late-night retail centre.

In 2005, SHKP acquired Seiyu (Sha Tin) Company Limited.

In 2009, Ma Wan Park Noah's Ark opened, the first Christian theme park in Hong Kong.

In 2013, SHKP acquired a commercial site with 7.6 million square feet of gross floor area in the Shanghai Xujiahui district.

In 2015, SHKP became Title and Charity Sponsor of the first Hong Kong Cyclothon.

In 2016, SHKP donated land in Yuen Long to Hong Kong Sheng Kung Hui for the construction of an integrated service centre.

In 2019, SHKP won the tender for the commercial site atop the West Kowloon High-Speed Rail Terminus. SHKP's bid of more than HK$42 billion won the 60,000 square metre site, which could be used for office, shopping and hotel developments. The Kwok family invested HK$9.4 billion (US$1.2 billion) for a 25% stake in the office towers.

In June 2024, SHKP was among ten companies to receive the (Building and Construction Information) BCI Asia Top 10 Developers Award.

Corruption probe

In 2012, SHKP Executive Director Thomas Chan was arrested by the Independent Commission Against Corruption (ICAC) on 19 March, along with eight people linked to the company on 29 March. Co-Chairmen Thomas Kwok and Raymond Kwok and five others were arrested by the ICAC as part of an extensive corruption probe. Rafael Hui, former Chief Secretary, was also taken in for questioning. They were later released on bail. The probe caused a 15 per cent fall in the company's share price.

In December 2014, the jury convicted Thomas Kwok and Rafael Hui of HK$8,500,000 bribery, and Hui was convicted of four more charges relating to misconduct in public office. The jury acquitted Raymond Kwok of all charges.

List of chairmen

Kwok Tak-seng (1972–1990); founder

Walter Kwok (1990–2008); oldest son of Kwok Tak-seng

Kwong Siu-hing (2008–2011); wife of Kwok Tak-seng

Raymond Kwok and Thomas Kwok (2011–2014); joint chairmen, younger sons of Kwok Tak-seng

Raymond Kwok (2014– ); youngest son of Kwok Tak-seng

The day after SHKP's announcement, its stock price declined against the general market. Corporate communications issued a second statement insisting that the business would not be affected and that Walter would resume his functions after his leave of 2 to 3 months. Walter's mistress, named by the press as Ida Tong Kam-Hing (唐錦馨), had apparently introduced property transactions valued at HK$4 billion to the Group or to the Kwoks' private investment vehicles. Company spokesmen stated that no person named Ida Tong was employed by the Group.

On 29 February, tycoon and fellow board member Lee Shau Kee confirmed that Mrs. Kwok forced the leave of absence upon Walter over Ida Tong during the last board meeting.

On 16 May 2008, Walter filed a writ with the High Court which claimed that Walter reached an agreement with his mother and two brothers in February that he would return to his duties if certain conditions were met. Walter alleged that his two brothers violated the agreement by attempting to remove him despite having fulfilled the predefined criteria, including procuring at least two medical opinions showing he is fit to return. Walter secured a last-minute injunction to delay the vote, to allow more time for discussions. On the sidelines of the dispute to remove Walter as chairman and CEO, Walter and his brothers claim the other(s) made major management decisions unwisely and without consultation.

Other businesses

The company also has complimentary operations in the following property-related fields:

Hotels

Property management

Telecommunications

Information technology

Infrastructure and other businesses

It was once reported in a local newspaper that the company and Cheung Kong (Holdings) are together increasingly dominant in the development of new private homes, accounting for 70% of the market in 2010, up from around half of that in 2003. This concentration, with much of the rest of the market occupied by other very large firms, is attributed to the government's policy of auctioning land inexpensively large blocks, squeezing out small and mid-sized firms, according to the Consumer Council.

Nevertheless, clarification was later made in the letters to editors column in the same newspaper that Sun Hung Kai Properties' overall share of primary residential sales in terms of attributable value from January to July 2010 has been approximately 20% – a figure that has been largely stable over the last few years.

Construction and project management

The subsidiary of SHKP, Sanfield (Management) Limited is the major construction project management company for the corporation's real estate development. Established in 1974, the company headquarter is located at Sun Hung Kai Centre. The company mainly provides construction service to SHKP to build private residential buildings, commercial office towers and comprehensive development. In 2020, it had about 3000 employees.

Sanfield provides a wide range of related services to SHKP and third parties, including landscaping, provision of electrical- and fire-prevention systems as well as leasing of construction plant and machinery. Through an associate and its wholly owned subsidiaries, the company also supplies ready-mix concrete and precast concrete components to SHKP and external parties. The company is also an accredited corporation for provide construction safety training and engineering training by Hong Kong Labour Department and The Hong Kong Institution of Engineers.

Its major projects include:

Sun Hung Kai Centre (1981)

Two International Finance Centre (2003)

The Arch (2006)

The Cullinan (2009)

International Commerce Centre (2010)

Millennium City (1998-2022)

YOHO Series Development (2004-2023)

Sai Sha Road Expansion Project (2023)

Property management

Hong Yip Service Company Limited and Kai Shing Management Services Limited are two of the main property management firms own by SHKP based in Hong Kong.