{"id":124699,"date":"2022-02-24T21:00:16","date_gmt":"2022-02-24T14:00:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead\/"},"modified":"2022-02-24T22:12:09","modified_gmt":"2022-02-24T15:12:09","slug":"hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-sun-hung-kai-properties-hysan-post-declining-profits-say-more-challenges-ahead\/","title":{"rendered":"Hong Kong developers Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead"},"content":{"rendered":"


\nTwo 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 and Yuen Long, two districts with the most number of Covid-19 cases, said its interim core profit fell 15 per cent to HK$14.8 billion (US$1.9 billion) in the six months\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong developers Sun Hung Kai Properties, Hysan post declining profits, say more challenges ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two of Hong Kong\u2019s biggest property developers and retail landlords have posted declining results and...<\/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-124699","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-wrh","jetpack-related-posts":[{"id":113598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/good-timing-elevates-a-newcomer-to-list-of-hong-kong-top-developers-as-sales-at-sun-hung-kai-properties-slide\/","url_meta":{"origin":124699,"position":0},"title":"Good timing elevates a newcomer to list of Hong Kong top developers as sales at Sun Hung Kai Properties slide","date":"January 14, 2020","format":false,"excerpt":"\r In a year when Hong Kong protests have clipped overall home sales in the city, a relative newcomer has made it into the big league by \u201cgood timing\u201d and snared some market share from Sun Hung Kai Properties and other developers.Billion Development & Project Management sold HK$15.6 billion (US$2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-wheelock-among-developers-rushing-to-build-small-flats-as-hong-kong-home-prices-approach-all-time-high\/","url_meta":{"origin":124699,"position":1},"title":"Sun Hung Kai Properties, Wheelock among developers rushing to build small flats as Hong Kong home prices approach all-time high","date":"September 23, 2021","format":false,"excerpt":"\r Hong Kong\u2019s biggest developers are joining the rush to build small flats to woo young buyers as prices in the world\u2019s most expensive housing market approach an all-time high. The move is being criticised by a senior adviser to Beijing for its profit motive.Sun Hung Kai Properties (SHKP) plans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-among-top-hong-kong-developers-defying-sour-sentiment-to-bid-for-smallest-plot-government-has-put-on-sale-since-2014\/","url_meta":{"origin":124699,"position":2},"title":"Sun Hung Kai among top Hong Kong developers defying sour sentiment to bid for smallest plot government has put on sale since 2014","date":"August 23, 2019","format":false,"excerpt":"\r Top Hong Kong developer Sun Hung Kai Properties is among companies in the running for the smallest plot of land \u2013 as big as just two-and-a-half basketball courts \u2013 the government has put on sale since 2014.Eighteen bids have been submitted for the plot, at the junction of King\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-offers-421-flats-in-kennedy-town-and-central-for-rent-offering-help-to-ease-housing-shortage-as-vacancy-tax-kicks-in\/","url_meta":{"origin":124699,"position":3},"title":"Sun Hung Kai offers 421 flats in Kennedy Town and Central for rent, offering help to ease housing shortage as vacancy tax kicks in","date":"December 5, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s largest developer, is offering 421 flats for lease with terms as short as one month to cater for the younger population ahead of the impending vacancy tax to stop developers hoarding empty units.The apartments are located in Kennedy Town in the western district\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105261,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk10-billion-kai-tak-site-attracts-six-bids-as-firms-say-they-are-positive-about-hong-kong-housing-market\/","url_meta":{"origin":124699,"position":4},"title":"HK$10 billion Kai Tak site attracts six bids as firms say they are positive about Hong Kong housing market","date":"March 22, 2019","format":false,"excerpt":"\r Six developers have submitted tenders for a site in Kai Tak, Hong Kong\u2019s Lands Department said on Friday, with companies saying they remained positive about the city\u2019s housing sector following a recent pick up in prices and dovish monetary policy that has rekindled a cooling market.Among the companies vying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-hong-kong-property-stocks-surge-as-investors-and-developers-bank-on-john-lees-policy-tailwinds\/","url_meta":{"origin":124699,"position":5},"title":"Sun Hung Kai, Hong Kong property stocks surge as investors and developers bank on John Lee\u2019s policy tailwinds","date":"October 14, 2022","format":false,"excerpt":"\r Shares of Hong Kong property developers advanced on speculation the city\u2019s Chief Executive John Lee will adopt measures to help shore up home prices in the city.\r \r Source : South China Morning Post\r Read more...Sun Hung Kai, Hong Kong property stocks surge as investors and developers bank on\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\/124699"}],"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=124699"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}