Hong Kong's Property Market: A Recovery Born of Uncertainty The latest financial reports from Sun Hung Kai Properties (SHKP), Hong Kong's largest developer, show that the city's property market is slowly recovering.
SHKP's underlying profit rose 4. 6% to HK$22. 85 billion in the year ending June, while its reported profit jumped to HK$21. 43 billion due to a significant net revaluation gain.
However, this recovery is built on fragile ground. Hong Kong's property market has been marred by turmoil in recent years, with lived in home prices plummeting by nearly 20% between 2022 and 2025.