SEHK:16Real Estate
Does Sun Hung Kai Properties (SEHK:16) Hold a Hidden Edge in Hong Kong’s Northern Metropolis Pivot?
Earlier this week, Citi reported that investors have turned more optimistic on Hong Kong’s property sector, singling out Sun Hung Kai Properties as a key beneficiary thanks to its roughly 19.7 million square feet of developable land, much of it tied to the government’s Northern Metropolis plan.
An important angle is that investors now want Sun Hung Kai Properties not just to own extensive land reserves, but to convert them into visible project progress and earnings to justify further...