Companies/Hong Kong • Curated by Admin Timeline.sg
Sun Hung Kai Properties (SHKP) is one of Hong Kong's largest real estate developers, founded in 1963 by Kwok Tak-seng, Fung King-hey, and Lee Shau-kee. The company has grown through landmark residential and commercial projects, strategic land acquisitions, and a dominant presence on the Hong Kong Stock Exchange.
Chronological Storyline (39 Milestones)
1963 CE
Sun Hung Kai Properties Founded
Sun Hung Kai Properties (SHKP) is founded by Kwok Tak-seng, Fung King-hey, and Lee Shau-kee as a real estate development company in Hong Kong. #realestate #founding
Sun Hung Kai Properties Founded By Exploringlife - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=34888716
1972 CE
SHKP Listed on Hong Kong Stock Exchange
Sun Hung Kai Properties goes public on the Hong Kong Stock Exchange (HKEX), raising capital for expansion. #finance #IPO
1977 CE
First Major Residential Project: Sun Shui Estate
SHKP completes its first large-scale residential estate, Sun Shui Estate, in Kwun Tong, establishing its reputation in mass housing. #realestate #hongkong
1980 CE
Acquisition of Kowloon Land Investment
SHKP acquires a controlling stake in Kowloon Land Investment Company, boosting its land bank. #acquisition #realestate
1984 CE
Launch of Early Shopping Mall at Sha Tin
SHKP opens its first major shopping mall at the Sha Tin new town, pioneering integrated residential-commercial developments. #retail #realestate
1989 CE
Kwok Tak-seng Passes Away; Sons Take Over
Founder Kwok Tak-seng dies, and his sons Walter, Thomas, and Raymond Kwok assume leadership, continuing the family-controlled management. #leadership #founder
1990 CE
Completion of Sunlight Centre in Kwun Tong
SHKP completes its first Grade-A office building, Sunlight Centre, marking its entry into commercial property. #commercial #realestate
1991 CE
Development of South Horizons in Ap Lei Chau
SHKP launches South Horizons, a large-scale private housing estate on Ap Lei Chau, becoming a model for quality residential communities. #housing #development
1993 CE
Acquisition of Land at Kowloon Bay
SHKP wins a tender for a prime site in Kowloon Bay, later developing the International Trade Centre (ITC). #landacquisition #realestate
1995 CE
Launch of Harbour Plaza Hotel Chain
SHKP enters the hotel industry with the debut of Harbour Plaza, its hospitality arm. #hospitality #expansion
1996 CE
Opening of The Ritz-Carlton, Hong Kong
SHKP opens The Ritz-Carlton, Hong Kong in Central, a luxury hotel brand partnership. #luxury #hotel
1997 CE
Handover of Hong Kong; SHKP Continues Growth
Despite the handover of Hong Kong to China, SHKP maintains its market leadership through strategic land reserves. #history #hongkong
1998 CE
Completion of Millennium City in Kwun Tong
SHKP completes Millennium City, a landmark commercial complex in Kwun Tong. #commercial #realestate
2000 CE
Launch of Yoho Town in Yuen Long
SHKP launches Yoho Town, a large residential-commercial development, setting new standards in the New Territories. #development #realestate
2001 CE
Acquisition of Kowloon City Land
SHKP acquires a site in Kowloon City for future redevelopment. #landacquisition #realestate
2002 CE
Launch of Central Park at Yuen Long
SHKP launches the luxury residential development 'Central Park' in Yuen Long, targeting high-end buyers. #luxury #realestate
2003 CE
Completion of Harbour City Extension
SHKP completes the extension of Harbour City, one of Hong Kong's largest shopping malls. #retail #commercial
2004 CE
Opening of ifc Mall Phase 2
SHKP opens phase 2 of the International Finance Centre (ifc) mall, solidifying its presence in Central. #retail #landmark
2005 CE
Launch of The Arch at Kowloon Station
SHKP launches The Arch, a luxury residential tower at Union Square, West Kowloon. #luxury #realestate
2006 CE
Completion of Grand Central Plaza
SHKP completes Grand Central Plaza in Shatin, a major commercial complex. #commercial #realestate
2007 CE
Launch of The Harbourside at West Kowloon
SHKP launches The Harbourside, a luxury residential tower with harbour views. #luxury #realestate
2008 CE
Completion of International Commerce Centre (ICC)
SHKP completes the International Commerce Centre (ICC), one of the world's tallest skyscrapers and a landmark in West Kowloon. #architecture #skyscraper
2009 CE
Acquisition of Land in Kai Tak
SHKP wins a tender for a prime residential site in the former Kai Tak Airport area. #landacquisition #realestate
2010 CE
Launch of Yoho Midtown
SHKP launches Yoho Midtown, a large-scale residential development in Yuen Long. #development #realestate
2011 CE
Completion of The Cullinan Towers
SHKP completes The Cullinan, a twin-tower luxury residential development at Union Square, West Kowloon. #luxury #realestate
2012 CE
Kwok Family Feud Becomes Public
A public dispute between the Kwok brothers emerges, leading to legal battles and governance issues. #corporate #governance
2013 CE
Acquisition of Land in Tsuen Wan
SHKP acquires a site in Tsuen Wan for residential development. #landacquisition #realestate
2014 CE
Completion of The Westwood at Kai Tak
SHKP completes the first residential project in the Kai Tak development area. #development #realestate
2015 CE
Combined Net Profit Exceeds HK$20 Billion
SHKP reports a net profit of over HK$20 billion, reflecting strong financial performance. #finance #earnings
2016 CE
Launch of Yoho Town Phase 3
SHKP launches the third phase of Yoho Town, continuing the success of the series. #development #realestate
2017 CE
Completion of The Reef at Tseung Kwan O
SHKP completes The Reef, a luxury residential development in Tseung Kwan O. #luxury #realestate
2018 CE
Thomas Kwok Resigns as Co-Chairman
Thomas Kwok resigns from his co-chairman role amid ongoing legal issues; Raymond Kwok becomes sole chairman. #leadership #corporate
2019 CE
Completion of Victoria Dockside
SHKP completes Victoria Dockside, a mixed-use complex in Tsim Sha Tsui. #development #mixeduse
2020 CE
Launch of The Palazzo at Kai Tak
SHKP launches The Palazzo, a luxury residential project in Kai Tak. #luxury #realestate
2021 CE
Land Acquisition in Central for Future Development
SHKP acquires a prime commercial site in Central for a new office tower. #landacquisition #commercial
2022 CE
Completion of The Millennity in Kwun Tong
SHKP completes The Millennity, a Grade-A office development in Kwun Tong. #commercial #realestate
2023 CE
Launch of Yoho West at Tuen Mun
SHKP launches Yoho West, a large-scale residential project in Tuen Mun. #development #realestate
2024 CE
Market Cap Exceeds HK$300 Billion
SHKP's market capitalization surpasses HK$300 billion, reaffirming its position as one of Hong Kong's most valuable companies. #finance #marketcap
2025 CE
Launch of The Grand Yoho Phase 2
SHKP launches Phase 2 of The Grand Yoho, continuing the mega-development in Yuen Long. #development #realestate