• Top 10 Property Developers in Hong Kong: The Definitive Guide

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    Hong Kong has one of the hottest real estate markets in the world and plenty of local and overseas property developers.

    Interestingly, many of these companies have founders and CEOs that are some of the wealthiest in Asia, or even in the whole world.

    Some focus on building commercial property, like hotels and shopping malls, while others build big apartment complexes and condominiums.

    In this article, I’ve listed some of the biggest property developers in Hong Kong. You’ll learn when the companies established, who their founders are, what kind of property they build, and more.

    1. Sun Hung Kai Properties

    Founded by Kwok Tak Seng in 1863, Sun Hung Kai Properties Ltd. is one of the top 5 real estate developers in the world and the largest developer in Asia. It’s also the fastest growing developer.

    They’ve completed hundreds of residential and commercial projects, including many skyscrapers. One of their most prominent projects is the International Commerce Centre (ICC), the tallest building in Hong Kong with 484 meters.

    More than 37,000 people work at Sun Hung Kai at the moment.

    Property types

    Include everything from skyscrapers, condominiums, housing projects, townships, hotels, shopping malls, resorts and government buildings. You have a wide range of options to invest in, with both residential and commercial properties.

    Current projects

    Some of their most popular residential projects are:

    • YOHO Town
    • YOHO Midtown
    • Grand YOHO
    • The Wings
    • Eight Regency
    • King’s Hill
    • Riva

    Future projects

    • Wings at Sea
    • Grand YOHO (new phase)

    SHKP also plans to develop new affordable projects under government-subsidized schemes, targeted towards young and first time buyers. The properties are referred to as Starter Homes.

    Prices & areas

    • The price of an apartment in the Wings at Sea in Lohas Park is around HKD 14,000 per square feet (around HKD 150,000 per square meter)
    • The square foot price for an apartment in Grand YOHO is around HKD 18,000 (around HKD 195,000 per square meter)

    2. Henderson Land Development Co. Ltd.

    Henderson Land Development Co. Ltd is owned by Lee Shau-kee, ranked as the second richest person in Hong Kong. He founded the company in 1981.

    Henderson land is known for its big residential and commercial projects, including multiple skyscrapers. One example is the International Finance Center, which was once the tallest building in Hong Kong.

    They were also ranked as the fourth-best property developer in 2017 by BCI Asia Top 10 Awards. In addition, they’ve won the Best Office & Business Development Award for their project, “Grade A Office Redevelopment at 18 King Wah Road” by MIPIM Asia Awards 2017.

    Property types

    Henderson Land Development builds all types of residential and commercial properties, but mostly focus on apartment complexes and condominiums.

    Current projects

    • Parker 33
    • 39 Conduit Road
    • H. Bonaire
    • Jones Hive
    • 39 Conduit Road
    • Wellesley
    • Novum West
    • Novum East

    Future projects

    • Wellesley in West Mid-Levels
    • High Park
    • The spectacle

    Henderson Land Development also plans to develop a new project requiring an initial deposit of only 5% from buyers, which is the highest loan-to-value ratio offered by any developer.

    Prices & areas

    The price of an apartment at the Novum East on King’s Road ranges from HKD 5 – 8 million.

    3. Great Eagle Holdings Ltd.

    Great Eagle Holdings Limited is a Hong Kong based property developer that owns different real estate subsidiaries. The subsidiaries include Champion REIT, LANGHAM Hospitality Group and LANGHAM Hospitality Investments.

    The head office of the company is located at Great Eagle Centre, Harbour Road, Wanchai, Hong Kong.

    They mostly develop and manage hotels in Hong Kong and overseas, like the UK, the US, Australia, and New Zealand.

    Property types

    They are mostly known for their hotels worldwide, but have also developed a handful of residential and commercial projects.

    Current projects

    • Pak Shek Kok Residential Development Project
    • Three Garden Road
    • Langham Place

    Future projects

    Great Eagle Holdings Ltd. is currently building hotels overseas, including one in Toronto (Canada). At the moment, there’s not much information available about future residential projects in Hong Kong.

    4. Wheelock Properties (Hong Kong) Ltd.

    Wheelock Properties is owned by Peter Woo, the seventh richest person in Hong Kong. The company is currently one of the largest property developers.

    Wheelock Properties Limited is the real estate subsidiary of an even bigger company, Wheelock and Company Limited.

    Property types

    Wheelock Properties mostly focus on residential housing projects and family homes and has completed more than ten projects under their Family Homes series.

    This makes them unique as most developers in Hong Kong focus more on high-rise condominiums and apartments. Still, you can find some apartment projects built by the company as well.

    Current projects

    • Mount Nicholson
    • Gough Hill Residences
    • 77 Peak Road
    • Napa
    • Savannah
    • The Austin
    • Bespoke Residences

    Future projects

    • 1 Plantation Road
    • 11 Plantation Road
    • Lohas Park Package 5, 7, and 9

    Prices & areas

    • The price of an apartment in the Kensington Hill in Sai Ying Pun ranges from HKD 21 – 24 million
    • The price of a house in Napa in Tuen Mun is around HKD 6 million
    • The price of an apartment in the Capri in Tseung Kwan O is around HKD 18 million

    5. Cheung Kong (Holdings) Ltd.

    Cheung Kong Ltd is a leading property developer in Hong Kong and owned by Li Ka-Shing. I guess you’ve heard of this man before as he’s the wealthiest person in Hong Kong and the 19th richest person in the world.

    Founded in 1950, Cheung Kong is one of the oldest property developers in Hong Kong. The company currently employs more than 240,000 people and operates in more than 50 countries.

    Property types

    Cheung Kong develops all types of properties that include hotels, retails, offices, malls, and residential projects. Their residential projects consist of both apartment and housing projects.

    Current projects

    • My Central
    • Ocean Supreme
    • Harbour Glory
    • La Mansion
    • The Zumund

    Future projects

    • Ocean Pride
    • Seanorama

    Prices & areas

    • The price of a 1000 square foot (93 square meter) apartment in My Central in Sheung Wan is around HKD 25 million
    • The price of an apartment in Ocean Supreme in Tsuen Wan is around HKD 15 million

    6. Nan Fung Group

    Nan Fung Group is a big property developer in Hong Kong and develops residential and commercial projects in Hong Kong and Mainland China.

    It was founded in 1954 as Nan Fung Textiles Limited, but later expanded into real estate development, financial services, textiles and shipping.

    Most of their current and future projects are in both Mainland Chinese cities and Hong Kong.

    They’ve built a big sports complex in Singapore, the International Finance Center in South Korea, and a luxury residential building in Macau.

    The company ranked among the top 10 property developers in Hong Kong in 2017, by the BCI Asia Top Ten Awards.

    Property types

    Include all kinds of property, like residential buildings (Fortuna Court), commercial towers (Octa Tower), and shopping malls (Nan Fung Place)

    Most of their residential projects are high-rise apartment buildings and condominiums, but they have a few housing projects as well.

    Current projects

    Nan Fung Group has completed more than 40 residential projects in Hong Kong, around 8 commercial properties, a hotel, and 9 shopping malls. Some of these are listed below:

    • 80 Robinson Road
    • D’ Home
    • Fortuna Court
    • Grand Garden
    • Nan Fung Tower

    Future projects

    • Deep Water Bay Drive in Southern District
    • Island Garden in Shau Kei Wan
    • Mount Nicholson in The Peak
    • The Mills in Tsuen Wan
    • Ori in Tuen Mun

    This real estate giant is currently working on more than 10 future projects, which include both residential and commercial projects.

    Prices and areas

    • The price of a 800 square meter apartment (75 square meter) in 80 Robinson Road in Mid Levels is around HKD 17 million
    • The price of a house in the Aqua Blue in Gold Coast is around HKD 10 million
    • The price of a condo in the Celestial Heights in Ho Man Tin is around HKD 27.5 million

    7. Pacific Century Premium Developments

    Founded in 1998, Pacific Century Premium Developments is a relatively new developer. Over a couple of decades, it’s one managed to become one of the biggest property developers in Hong Kong.

    PCPD owns multiple subsidiaries, like Island South Property Management Limited (ISPML), that develops and manages residential, commercial, leisure, and infrastructure projects. They are known for building premium-grade high rise buildings, including both residential and commercial buildings.

    Completed projects include Pacific Century Place (Jakarta, Indonesia) and Park Hyatt (Niseko, Japan).

    Property types

    Most of their projects are high-rise apartment projects, but they also develop and manages hotels and resorts.

    Current Projects

    • Bel-Air
    • ONE Pacific Heights

    Future Projects

    PCPD plans to expand its global footprint in the coming years. For example, they plan to build a residential project in Northern London.

    Prices & areas

    • The price of a 1,000 square feet apartment (93 square meter) in the One Pacific Heights in Sheung Wan is around HKD 15 million
    • The price of an apartment in Residence Bel-Air in Pokfulam is around HKD 18 million

    8. New World Development

    New World Development is another big property developer in Hong Kong. The owner of the company, Cheng Yu-tung is ranked as the third richest person in Hong Kong by Forbes. New World Development is owned by its parent company, Chow Tai Fook Enterprises Ltd.

    They develop and manage both residential projects and commercial projects like hotels, resorts, shopping malls, and departmental stores. Founded in 1970, it currently employs more than 50,000 people, which is not a modest number.

    Interestingly, they are one of the biggest direct foreign investors in Mainland China.

    The company owns multiple subsidiaries, including Rosewood Hotel Group, Hip Hing Construction, NWS Holdings Limited and New World Department Store China Limited.

    Property types

    You can find a wide range of properties built by NWD. They’ve developed high-rise apartments, condominiums, housing townships, commercial office buildings, shopping malls, hotels, resorts and more.

    Most of their projects are high-rise apartment buildings.

    Current projects

    • Artisan House
    • SKYPARK
    • Park Hillcrest
    • The Pavilia Hill
    • The Parkville
    • Mount Pavilia
    • The Riverpark
    • The Signature
    • The Merton
    • Queen’s Terrace

    Future projects

    New World Development has the largest land bank in Hong Kong, with 5.3 million square feet (492,000 square meter) reserved for future residential projects.

    • Double Cove
    • Double Cove Starview
    • The Woodside

    Prices & areas

    • The price of an apartment in The Parkville in Tuen Mun is around HKD 10 million
    • The price of an apartment in the SKYPARK in Mong Kok is around HKD 9 million
    • The price of an apartment (2,000 sq. ft) in The Signature in Tai Hang is around HKD 40 million

    9. Kerry Properties

    Kerry Properties Limited is a leading property developer in Hong Kong. It was founded in 1978 by Khoon Chen Kuok and is currently owned by Robert Kuok, who also owns Shangri-La Hotels & Resorts.

    Maybe you’ve heard about Robert Kuok before as he’s the richest person in Malaysia and the 40th richest person in the world. His company has developed many properties in Hong Kong, Mainland China and several other countries.

    The headquarters of most of his companies, including Kerry Properties, are based in Hong Kong.

    Property types

    Include high-rise apartments, offices, and mixed-use properties. But they have a few housing projects in their portfolio as well.

    Current projects

    • Resiglow
    • Tavistock
    • Gladdon
    • Branksome Grande
    • Branksome Crest
    • Aigburth
    • The Bloomsway
    • Mantin Heights

    Upcoming projects

    • La Salle Road Project
    • Lung Cheung Road Beacon Hill Project
    • New development project at Hing Hon Road

    Prices & areas

    • The price of an apartment in the Bloomsway in Tuen Mun is around HKD 12 million
    • The price of an apartment in the Mantin Heights in Ho Man Tin is around HKD 11 million

    10. Sino Group

    Sino Group was founded in 1970 by Ng Teng Fong as a property development and management company. Today, the Group owns multiple subsidiaries in the real estate industry, including Tsim Sha Tsui Properties Limited, Sino Land Company Limited, and Sino Hotels (Holdings) Limited.

    In addition, they own Far East Organization, which is the largest property developer in Singapore. Sino Group currently employs more than 10,000 employees, mostly working in their hotels and clubs.

    Property types

    Sino Group primarily focuses on the development and management of hotels. But, you can also find many residential projects under their portfolio. Most of their residential projects are high-rise apartment buildings.

    Current projects

    • Goodwood Park
    • Park Mediterranean
    • Commune Modern
    • The Mediterranean

    Future projects

    • Cluny Park
    • Corinthia by the Sea

    Prices & areas

    • The price of an apartment in the Mayfair by the Sea in Tai Po is around HKD 10 million
    • The price of an apartment in the Maison Rose in Sham Shui Po is around HKD 5 million

    I hope that you found this article interesting. I also recommend you to read my separate guide that explains how foreigners can buy property in Hong Kong.

    Want to buy property in Hong Kong S.A.R.?

    Fill out the form to get in touch with a real estate agent


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    • 2 Responses to “Top 10 Property Developers in Hong Kong: The Definitive Guide

      1. STEPHEN LIM at 6:48 am

        HI MARCUS,

        CAN YOU LET ME KNOW WHO IS GOING TO BE DEVELOPING THE HOK TSUI AREA?
        THANKS
        STEPHEN

        1. Marcus Sohlberg at 6:40 am

          Hi Stephen,

          I don’t have this information unfortunately.

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