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Sun Hung Kai Properties

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
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