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Sun Hung Kai Properties sees sales slowing after record year

Developer posts 29% jump in full-year contracted sales value

Published Fri, Sep 15, 2017 · 09:50 PM
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Hong Kong

Sun Hung Kai Properties posted a 29 per cent jump in full-year contracted sales value to a record as demand for new apartments boomed, but Hong Kong's most valuable developer indicated that sales in the current year would taper off.

Total contracted sales hit HK$52.4 billion (S$9 billion) in the year that ended June 30, versus the previous record high of HK$40.7 billion clocked in the last financial year.

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