SHK PPT released its 2023/24 annual report, detailing the company's financial performance, property portfolio, and future development plans. The report shows that as one of the leading property developers in Hong Kong, SHK PPT is committed to providing sustainable, high-quality properties and reliable services in Hong Kong and China. As of June 30, 2024, the company's land bank in Hong Kong is 57.8 million square feet, and in China is 66.7 million square feet. Contract sales in Hong Kong reached 25.6 billion Hong Kong dollars, with significant contributions from the YOHO WEST and NOVO LAND projects. Net rental income from investment properties in Hong Kong increased by 1% year-on-year, reaching 17.94 billion Hong Kong dollars. In China, contract sales are approximately 11 billion RMB...Show More

SHK PPT released its 2023/24 annual report, detailing the company's financial performance, property portfolio, and future development plans. The report shows that as one of the leading property developers in Hong Kong, SHK PPT is committed to providing sustainable, high-quality properties and reliable services in Hong Kong and China. As of June 30, 2024, the company's land bank in Hong Kong is 57.8 million square feet, and in China is 66.7 million square feet. Contract sales in Hong Kong reached 25.6 billion Hong Kong dollars, with significant contributions from the YOHO WEST and NOVO LAND projects. Net rental income from investment properties in Hong Kong increased by 1% year-on-year, reaching 17.94 billion Hong Kong dollars. In China, contract sales are approximately 11 billion RMB, with iconic projects in shanghai and Hangzhou being the main contributors. Net rental income from high-quality leasing properties in China increased by 12%, reaching 4.62 billion RMB. The company's upcoming key projects include the International Gateway Center (IGC) located above the West Kowloon high-speed rail station and the Art Square Tower project in the West Kowloon Cultural District. SHK PPT maintains a strong financial position with a debt ratio of 18.3% and continues to adhere to prudent financial management practices.