Sun Hung Kai Properties Limited was founded in Hong Kong in 1972, and is a large-scale/land-bank real estate developer in Hong Kong, with property development as the core of the comprehensive group

Sun Hung Kai Properties Limited ("Sun Hung Kai Properties"), listed in 1972, is one of the largest property developers in Hong Kong, dedicated to the development and construction of quality residential and commercial projects for sale and investment. The Group currently has over 31,000 employees. We have professionals in land acquisition, planning, architecture, engineering and property management to ensure that the quality of our properties meets the highest standards.

Group Business:

The Group's core business is the development of properties for sale and investment, and the operation of other property-related businesses, including: hotel financial services, insurance property management. In addition, the Group also invests in the following industries: telecommunications, information technology, transportation, infrastructure and logistics. These businesses are low-risk investments and can increase the Group's recurring earnings in the long run.

Land Bank & Property Portfolio:

The Group is one of the companies with the largest land bank in Hong Kong, with 44.1 million square feet (approximately 4.1 million square meters), comprising: 18 million square feet (approximately 1.67 million square meters) of projects under development, 26.1 million square feet (approximately 2.42 million square meters) of completed investment properties, and approximately 25 million square feet (approximately 2.32 million square meters) of agricultural land in the New Territories, most of which are under application for change of use, mainly for residential property development. The Group's diversified portfolio of investment properties generated gross rental income of HK$9,763 million in the 2008/09 financial year.

Group Finance:

The Group adheres to a prudent financial policy, maintains a high level of liquidity and a low debt-to-asset ratio, and has the vast majority of its borrowings in Hong Kong dollars, so the foreign exchange risk is very low, and therefore it has obtained a high foreign currency credit rating from the following authoritative rating agencies: Standard & Poor's - A credit rating and Moody's - A1 credit rating.