{"id":104467,"date":"2019-02-27T16:37:05","date_gmt":"2019-02-27T09:37:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard\/"},"modified":"2019-02-27T19:03:09","modified_gmt":"2019-02-27T12:03:09","slug":"sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-posts-31-2-per-cent-drop-in-interim-profit-as-it-adopts-new-accounting-standard\/","title":{"rendered":"Sun Hung Kai Properties posts 31.2 per cent drop in interim profit as it adopts new accounting standard"},"content":{"rendered":"


\nSun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, reported a 31.2 per cent fall in underlying profit for the six months to December because of a change in accounting policy, it said in a filing to the Hong Kong stock exchange on Wednesday.The company said that from July 1, 2018, it had been recognising revenue from property sales in Hong Kong only after delivering the property to buyers.Its interim core profit, excluding revaluation gains on investment properties, was HK\u2026
\n
\nSource : South China Morning Post
\nRead more…Sun Hung Kai Properties posts 31.2 per cent drop in interim profit as it adopts new accounting standard<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market value, reported a 31.2 per...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104467","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-raX","jetpack-related-posts":[{"id":81195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sun-hung-kai-properties-records-36pc-interim-profit-jump\/","url_meta":{"origin":104467,"position":0},"title":"Hong Kong\u2019s Sun Hung Kai Properties records 36pc interim profit jump","date":"February 27, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales. Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45860,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-reports-57pc-increase-in-first-half-core-profit-on-strong-home-sales\/","url_meta":{"origin":104467,"position":1},"title":"Sun Hung Kai reports 57pc increase in first half core profit on strong home sales","date":"February 28, 2017","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest property developer by market capitalisation, on Tuesday reported a 57 per cent increase in first-half underlying net profit, driven by strong home sales in Hong Kong. The developer, which has a diversified portfolio of flats, retail and office space in both Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead\/","url_meta":{"origin":104467,"position":2},"title":"Hong Kong developers Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead","date":"February 24, 2022","format":false,"excerpt":"\r Two of Hong Kong\u2019s biggest property developers and retail landlords have posted declining results and foresee more challenges ahead, as the city\u2019s social distancing rules keep consumers away from shopping centres.Sun Hung Kai Properties (SHKP), which owns neighbourhood shopping centres New Town Plaza and Yoho Mall in Sha Tin\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worse-to-come-for-hong-kongs-hotel-retail-sectors-warns-sun-hung-kai-properties-as-profit-takes-a-pounding-from-coronavirus-protests\/","url_meta":{"origin":104467,"position":3},"title":"Worse to come for Hong Kong\u2019s hotel, retail sectors, warns Sun Hung Kai Properties as profit takes a pounding from coronavirus, protests","date":"February 27, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties, the biggest Hong Kong developer by value, warned of a bleak outlook for the hospitality and retail sectors after its hotel business took a pounding in the second half of last year.The company\u2019s hotel operating profit plummeted by HK$595 million, or 75.1 per cent, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-adopts-premium-pricing-strategy-for-regency-bay-tags-it-40-per-cent-higher-than-new-projects-in-tuen-mun\/","url_meta":{"origin":104467,"position":4},"title":"Sun Hung Kai Properties adopts premium pricing strategy for Regency Bay, tags it 40 per cent higher than new projects in Tuen Mun","date":"July 17, 2020","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s biggest developer by market cap, has priced its latest project in Tuen Mun nearly 40 per cent higher than new launches in the New Territories, paying no heed to the third wave of coronavirus outbreak currently sweeping the city.The developer has priced the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-survivor-in-a-long-winter-tops-hong-kong-property-sales-with-30-of-homes-sold-in-2023\/","url_meta":{"origin":104467,"position":5},"title":"Sun Hung Kai Properties, \u2018survivor in a long winter\u2019, tops Hong Kong property sales with 30% of homes sold in 2023","date":"January 3, 2024","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) topped the city\u2019s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world\u2019s most expensive property markets.\r \r Source : South China Morning Post\r Read more...Sun Hung Kai Properties, \u2018survivor in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104467"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104467"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}