Sun Hung Kai Properties (SHKP)

Sun Hung Kai Properties (SHKP) is Hong Kong's largest property developer by market capitalization. The company is currently newsworthy due to a combination of factors, including executive leadership changes and strong sales performance in the residential market. Recently, executive director Maureen Fung Sau-yim resigned from her position due to health issues. Simultaneously, SHKP is experiencing success with its Sierra Sea project in the New Territories, the city’s largest residential project in two and a half decades. Following four rounds of sell-out flats in January, SHKP released another 350 units in phase 2B of the project, including two- and three-bedroom apartments. Strong buyer appetite has led to rapid sales, with significant portions of available units being snapped up quickly, indicating a resurgence in Hong Kong's property market despite it being the world's most expensive.