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 a 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.
In recent years, the Group has also entered the Singapore market through the acquisition of premium properties at prime locations around the central business district, building a well-rounded portfolio spanning hotel, commercial and residential developments.
In Macau, the Group has partnered with Hongkong Land Holdings Limited to develop One Central. Located at a prime waterfront site on Macau Peninsula, the project comprises seven prestigious residential towers, a luxurious flagship shopping mall, a five-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 the first four phases have generated strong public response. Nova Grand, the final phase of Nova City, sits above a large-scale lifestyle shopping center with a gross floor area over 655,000 square feet; while the massive Nova Mall, a joint venture partnership formed with Abu Dhabi Investment Authority to co-invest in the shopping center, has become a retail hub serving the Taipa community since its opening.
The Group plays a prominent role in the Hong Kong property market with a portfolio covering commercial, residential and retail property ventures. The Group’s signature residential projects in the city include The Belcher’s, liberté and Chatham Gate.
Its property management arm currently offers professional property and facility management services to residential developments, clubhouses, office towers, shopping malls and car parks across Hong Kong and Macau.
In Mainland China, 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, amalgamating retail, office space and serviced apartments into a prime location along the famous Grand Canal.
Shun Tak Tower, the Group’s wholly-owned property in Beijing Dong Zhi Men near East 2nd Ring Road, enjoys a well-established transport network covering the airport highway, major metro lines and bus routes. The 63,000-square-foot site features office and hospitality spaces, and is close to Beijing downtown, embassy area and Yansha district.
To capitalize on the immense development opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”), the Group became the sole owner of Hengqin Integrated Development in December 2020 after acquiring the remaining 30% interest in the project. Located in Zhuhai of Guangdong Pilot Free Trade Zone, it boasts unparalleled connectivity with direct access to the port and commercial facilities at the Macau border. The transport network also includes an extension of the Guangzhou-Zhuhai Intercity Railway, and will be further enhanced by the Macau Light Rapid Transit in future. The project will be developed into an integrated landmark comprising office and retail spaces, a hotel and apartments.
NEW BUND 31 at Qiantan, Shanghai is a 50/50 joint venture with Shanghai Lujiazui (Group) Company Limited. This cultural and community hub in Shanghai spans a gross floor area of 140,500 square meters, bringing together offices, retail space, basement retail areas, and a 202-room five-star hotel to be managed by Artyzen Hospitality Group. The site also features an art and cultural center housing a concert hall and several multi-purpose halls with a capacity of 4,000 spectators.
In 2020, 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 meters and a total developable gross floor area of approximately 329,000 square meters. 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, therefore, holds a 50% effective interest in total.
In 2018, the Group also ventured into China’s healthcare sector through a strategic partnership with Perennial Holdings Private Limited to develop mixed-use healthcare complexes near 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 elder care facilities, while featuring hospitality and retail spaces.
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 space, medical suites and a two-level retail podium.
In 2018, the Group acquired two plots of prime residential redevelopment sites in downtown Singapore, which are being developed into Park Nova at 18 Tomlinson Road, located close to the Orchard Road Shopping Belt, and Les Maisons Nassim at 14A, 14B and 14C Nassim Road, situated in the prestigious district of embassies and Good Class Bungalows and considered as one of the most high-end residential districts in Singapore. The two properties will emerge as luxury residential condominiums for sale.