{"id":71146,"date":"2017-11-07T18:13:59","date_gmt":"2017-11-07T11:13:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-pays-record-hk15-9-billion-premium-to-convert-sai-kung-farmland-into-housing-project\/"},"modified":"2017-11-07T19:05:02","modified_gmt":"2017-11-07T12:05:02","slug":"shkp-pays-record-hk15-9-billion-premium-to-convert-sai-kung-farmland-into-housing-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-pays-record-hk15-9-billion-premium-to-convert-sai-kung-farmland-into-housing-project\/","title":{"rendered":"SHKP pays record HK$15.9 billion premium to convert Sai Kung farmland into housing project"},"content":{"rendered":"


\nSun Hung Kai Properties (SHKP), one of the city\u2019s biggest housebuilders, has reached an agreement with Hong Kong\u2019s government to build more than 5,000 villas and medium-rise flats on a converted piece of farm land in Sai Kung, in a massive project. .
\nThe conversion of 4.97 million square feet of farmland at Shap Sze Heung near Sai Sha Road requires SHKP to fork out HK$15.9 billion (US$2 billion) in premium to the government, the highest ever paid in the city, a sum that the…
\n
\nSource : South China Morning Post
\nRead more…SHKP pays record HK.9 billion premium to convert Sai Kung farmland into housing project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sun Hung Kai Properties (SHKP), one of the city\u2019s biggest housebuilders, has reached an agreement...<\/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-71146","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-ivw","jetpack-related-posts":[{"id":168525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-shkp-nudges-up-prices-on-latest-sierra-sea-flats-on-offer\/","url_meta":{"origin":71146,"position":0},"title":"Hong Kong developer SHKP nudges up prices on latest Sierra Sea flats on offer","date":"December 30, 2025","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer, has priced the next batch of units on offer at its massive Sierra Sea residential project about 5 per cent higher than previous phases, signalling a welcome improvement in the city\u2019s housing market. The 148 units in Phase 2A of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97112,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-sells-117-cullinan-west-ii-units-for-hk1-9-billion-but-industry-could-be-in-for-lacklustre-sales\/","url_meta":{"origin":71146,"position":1},"title":"SHKP sells 117 Cullinan West II units for HK$1.9 billion, but industry could be in for lacklustre sales","date":"September 2, 2018","format":false,"excerpt":"\r New properties put up for sale over the weekend by developers looking to avoid levies under Hong Kong\u2019s proposed vacancy tax received a mixed response from homebuyers. Sun Hung Kai Properties (SHKP), which realised HK$5 billion (US$637.08 million) from the sale of 354 apartment units last week, reported a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-applies-to-double-the-size-of-a-hong-kong-residential-project-to-boost-supply-of-homes\/","url_meta":{"origin":71146,"position":2},"title":"SHKP applies to double the size of a Hong Kong residential project to boost supply of homes","date":"July 27, 2018","format":false,"excerpt":"\r The supply of new homes in Hong Kong may get a boost if an application by developer Sun Hung Kai Properties (SHKP) to almost double the number of flats at its proposed housing project in Sai Kung and to cut unit sizes by 39 per cent is approved. SHKP\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-tests-market-resilience-with-new-batch-of-flats-at-hong-kongs-sierra-sea-project\/","url_meta":{"origin":71146,"position":3},"title":"SHKP tests market resilience with new batch of flats at Hong Kong\u2019s Sierra Sea project","date":"January 17, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), the city\u2019s biggest developer, put more than 200 units on sale at a residential project on Saturday amid hopes of a steady recovery in the city\u2019s home market. SHKP sold 78 flats out of 229 units on offer at the Sierra Sea project in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-posts-4-6-profit-rise-amid-hong-kongs-property-recovery\/","url_meta":{"origin":71146,"position":4},"title":"SHKP posts 4.6% profit rise amid Hong Kong\u2019s property recovery","date":"September 10, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-sells-out-latest-batch-of-sierra-sea-units-as-home-sales-see-lunar-new-year-mini-boom\/","url_meta":{"origin":71146,"position":5},"title":"SHKP sells out latest batch of Sierra Sea units as home sales see Lunar New Year \u2018mini-boom\u2019","date":"February 7, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer by market capitalisation, sold all 218 units released at its Sierra Sea project on Saturday, marking what agents describe as a \u201cmini-boom\u201d ahead of the Lunar New Year. It marked the sixth consecutive week of sold-out units at the project\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\/71146"}],"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=71146"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}