Sales frenzy at Larvotto in Hong Kong

July 22, 2010 - Hong Kong Island

Buyers snapped up 92 units at an average of HK$40 million (US$5.14 million) in Sun Hung Kai Properties' Larvotto development in Island South, Hong Kong over last weekend.

The developer, which is the biggest in the world by market value, will consequently put another 50 units on the market as early as this week.

"Demand has exceeded supply," said Victor Lui, an executive director at Sun Hung Kai's agency arm. "All of the units were sold within the first few hours after sales began."

Sun Hung Kai’s $1.4 Billion Hong Kong Land Buy Beats Estimates

June 09, 2010 - Kowloon City

A prime Ho Man Tin site sold yesterday for HK$10.9 billion - beating records and market expectations and reflecting developers' bullish views on the luxury market.

Sun Hung Kai Properties beat out seven other bidders for the 173,800-square-foot lot on Fat Kwong Street with gross floor area of 864,200 sq ft. It will build luxury homes on the site.

Market estimates for the site ranged from HK$7.15 billion to HK$10.6 billion

Growth in Guangdong

February 15, 2010 - Guangzhou

Developers Sun Hung Kai recently hosted a Finance and Economics Forum to discuss Guangzhou’s rapidly developing economy.

Sun Hung Kai emphasised the tremendous growth potential for real estate and related industries in the province, which has already charted rapid development over the past few years.

The first three quarters of 2008 saw real estate investment reach US$29.7 billion in Guangdong, a year on year increase of 25.8 percent compared with 2007.

$39 Million Penthouses sets record in Hong Kong luxury property

September 19, 2009 - Hong Kong

Two penthouses in Hong Kong were each put on sale for a record 38.5 million US dollars.

As demand surges for luxury apartments,Sun Hung Kai Properties, the world’s largest developer by market value, has raised the price of two penthouses in Hong Kong by 50 percent to a record $HK75,000 ($11,075) per square foot.

The penthouses, on the 91st to 93rd floor of the 270-meter (886-feet) towers, have six bedrooms along with their own outdoor garden and swimming pool.