Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10. It was also designated the best developer in Hong Kong and Asia for the third year running in the magazine poll.
The magazine's 2007 survey asked commercial and investment banks, investment managers, brokers, advisors and developers in 50 countries to name their preferred real estate companies in different sectors. SHKP scored top in the world with its market-leading position and excellent brand, good corporate governance, clear business strategy and high-quality buildings and service.
SHKP vice-chairman, managing director and family member Raymond Kwok was encouraged by the honours, saying: “We have a clear business strategy and adhere to the highest standards of corporate governance, at the same time as we continuously work to improve our developments and service. These honours are international recognition of our pursuit of excellence, and we will remain committed to doing business in a socially responsible manner and offering the best products and services to retain our leading global position.”