Shun Tak Holdings Limited is a leading listed conglomerate with core businesses in property, transportation, hospitality and investment sectors. Established in 1972, the Company (HKSE 242) has been listed on the Hong Kong Stock Exchange since 1973.
The Group has a prominent and successful track record in the Macau and Hong Kong property markets. The Group owns one of the largest developable floor areas in Macau among Hong Kong listed companies. It is an important player in Macau’s property market with a host of property development projects, and has growing presence in the Greater China real estate market with investments in Tongzhou and Dong Zhi Men in Beijing, Minhang, Qiantan and Jingan in Shanghai, Hengqin in Zhuhai, Xiqing in Tianjin and Chenggong in Kunming.
The Group has also recently entered the Singapore market through the acquisition of premium properties in the prime locations around central business district, building a well-rounded portfolio spanning hotel, commercial and residential developments.
One Central, the Group’s joint venture with Hongkong Land Holdings Limited, is located on a prime waterfront site in Macau Peninsula. The project comprises 7 prestigious residential towers, a luxurious flagship shopping mall, a 5-star Mandarin Oriental Hotel and serviced apartments managed by the same hotel group.
Nova City in Taipa is one of the largest luxury developments in Macau. The project comprises upscale residential units, world-class landscaping and clubhouse facilities. Sales of first four phases have generated strong public response. The final phase of Nova City - Nova Grand, sits above a large-scale lifestyle shopping centre with a gross floor area over 655,000 square feet. The massive Nova Mall, a joint venture partnership formed with Abu Dhabi Investment Authority to co-invest in the shopping centre, is set to become a retail hub serving the Taipa community upon opening.
The Group plays a prominent role in the Hong Kong property market with a portfolio comprising commercial, residential and retail property ventures. The Group’s signature residential projects in Hong Kong include The Belcher’s, liberté and Chatham Gate.
Its property management branch currently offers professional property and facility management services to residential development, clubhouse, office tower, shopping mall and carpark across Hong Kong and Macau.
The Group made its foray into the Northern China property market through an investment in the Beijing Tongzhou Integrated Development. The complex will be developed into an iconic landmark comprising retail, office and serviced apartments all amalgamated under one prime address along the famous Grand Canal.
Shun Tak Tower, the Group’s wholly-owned property in Beijing Dong Zhi Men near East 2nd Ring Road, is located next to the airport highway, serviced by a convenient network of major metro lines and bus routes. The 63,000-square-foot site comprises both office and hospitality components and is close to Beijing downtown, embassy area, and YanSha district.
In December 2020, the Group acquired the remaining 30% interest in Hengqin Integrated Development and became its sole owner. Hengqin Integrated Development, located in Zhuhai of Guangdong Pilot Free Trade Zone and being under the orbit of the Greater Bay Area boasts an unparalleled connectivity, with direct access to the port and commercial facilities at the Macau border It is also serviced by an extension of the Guangzhou-Zhuhai Intercity Rail since August 2020, and to be serviced by the Hengqin and Macau light rails in the future. It will be developed into an integrated landmark which comprises office, retail, hotel and apartments.
New Bund 31 at Qiantan, Shanghai is a 50:50 joint venture project with Shanghai Lujiazui (Group) Company Limited. This cultural and community hub in Shanghai spans 140,500 square metres of total gross floor area, bringing together offices, retail space, basement retail, and a 5-star hotel offering around 200 rooms, to be managed by Artyzen Hospitality Group. Moreover, an art and cultural centre featuring a concert hall and other multi-purpose halls with a capacity of 4,000 spectators will be incorporated.
In 2018, the Group ventured into China’s healthcare sector through a strategic partnership with Perennial Holdings Private Limited, under which the two will jointly develop mixed-use healthcare complexes close to high-speed railway stations. The first two cornerstone projects — Tianjin South HSR Integrated Development and Kunming South HSR Integrated Development, will be developed into one-stop regional healthcare and commercial hubs offering medical, healthcare and eldercare facilities, while also incorporating hospitality and retail components.
In December 2019, the Group entered into agreements to acquire 40% effective interest in a mixed use project located in Suhe Bay Area in Shanghai’s Jingan District, and formed a strategic partnership with China Resources Land Limited to jointly develop the project The development comprises four land plots with a total site area of approximately 65,692 square metres and a total developable gross floor area of approximately 329,000 square metres. Situated in close proximity to major tourism destinations and central business precincts such as the Bund and Lujiazui, it is planned to encompass residential, office, commercial and cultural components, as well as an underground shopping mall and a central green park. In January 2021, the Group acquired a further 10% effective interest in the project and holds a 50% effective interest in the project afterwards.
Beyond its Greater China home base, the Group is diligently investing in the Singapore market with a number of acquisitions that hold excellent potentials.
111 Somerset is a premium commercial development strategically located within the Orchard Road precinct, surrounded by a prime shopping, entertainment and tourism belt with direct MRT access. It comprises approximately a gross floor area of 766,550 square feet of office units, medical suites and 2 levels of retail podium.
In 2018, the Group acquired two plots of prime residential redevelopment sites in downtown Singapore, to be developed into Park Nova at 18 Tomlinson Road and Les Maisons Nassim at 14, 14A, 14B and 14C Nassim Road. Situated close to Singapore’s famous shopping and entertainment hub of Orchard Road as well as renowned Central Business Districts, the two properties will be redeveloped into luxury residential condominiums for sale.