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Sun Hung Kai's half-year profit jumps 57% as home sales surge

Hong Kong's largest developer expects to complete over three million sq ft of residential projects for sale annually

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Sun Hung Kai has been working hard to replenish land banks, but will exercise financial discipline, says Mr Kwok.

Shanghai

SUN Hung Kai Properties, Hong Kong's largest developer by market value, said half-year underlying earnings rose 57 per cent, as sales benefited from a surging home market.

Profit excluding property revaluations climbed to HK$14.6 billion (S$2.65 billion) in the six months

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