Top 10 Real Estate Company in Hong Kong; 2025 Updated
Exclusive ZORA Article: Hong Kong’s real estate sector is shaped by a handful of large developers that influence everything from housing supply to commercial districts and large-scale urban renewal. These companies operate in one of the world’s densest and most expensive property markets, where land scarcity, vertical growth, and long-term investment strategies define the landscape. Their portfolios span residential towers, mixed-use districts, office complexes, logistics facilities, and cultural or retail destinations. Together, they play a central role in how the city expands, redevelops, and adapts to shifting economic conditions. Below is a list of the top real estate development companies shaping Hong Kong today.
Top Real Estate Company in Hong Kong
Here’s top real estate developer companies in Hong Kong listed as bellow:
1. Sun Hung Kai Properties (SHKP)
Sun Hung Kai Properties (SHKP) is one of the largest and most influential real estate developers in Hong Kong. Founded in the early 1970s, SHKP’s business is vertically integrated: it handles everything from land acquisition and development to property investment, leasing, and property management. Beyond residential projects, it has a significant presence in commercial property, hotels, telecommunications, and infrastructure. The company is well-known for its financial strength, strong land bank, and ability to deliver large mixed-use developments. SHKP places strong emphasis on sustainability: several of its buildings have achieved LEED Platinum certifications, highlighting the group’s commitment to environmental performance and green building practices.
SHKP is also family-controlled, and its scale, reputation, and resources make it a cornerstone of Hong Kong’s real estate landscape.
Top Projects:
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International Commerce Centre (ICC): A 118-story, 484 m skyscraper in West Kowloon — one of Hong Kong’s tallest buildings.
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One & Two IFC: Iconic towers on Hong Kong Island that form part of a major financial gateway.
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TOWNPLACE West Kowloon: A newer residential leasing project by SHKP, targeting younger talent, strategically located near West Kowloon’s transport hubs.
2. Henderson Land Development
Henderson Land Development is a highly diversified Hong Kong property developer with a long legacy and deep roots in both residential and commercial sectors. Founded by the Lee family (Lee Shau-kee), Henderson Land has grown into a major force, active in high-end real estate, urban renewal, and large-scale mixed-use projects. Besides real estate, the firm is involved in infrastructure development, property management, and sustainability initiatives. In recent years, Henderson has made a strong push into landmark commercial real estate and sustainable urban architecture, reflecting a forward-looking development strategy.
Top Projects:
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The Henderson: A striking 36-storey Grade-A commercial tower in Central, designed by Zaha Hadid Architects. The building’s design is inspired by the bauhinia flower and includes sky bridges, public green spaces, and high-profile tenants such as Christie’s, Carlyle, and Audemars Piguet.
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Grand Promenade: A large residential complex in Sai Wan Ho, featuring several high-rise towers and panoramic views over Victoria Harbour.
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Grand Waterfront: A mixed-use development in Ma Tau Kok comprising residential towers and a shopping arcade, built on a former gas plant site.
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3. Hang Lung Properties / Hang Lung Group
Hang Lung Group is a major investment holding company in Hong Kong, and its real estate arm, Hang Lung Properties, is a leading property developer. The company’s strategy centers on premium commercial properties, especially in Mainland China, but it remains an important player in Hong Kong. Hang Lung Properties emphasizes long-term rental income through high-quality office and retail assets. Through Hang Lung Group, the business also extends into property management, car parks, and other service-oriented operations. Their model is less about rapid resale and more about sustained investment in trophy assets.
Top Projects:
Some of the group’s prominent assets include Grade-A office towers and luxury malls, particularly in Mainland China (e.g., Plaza 66 in Shanghai), though in Hong Kong its presence is more focused on its established commercial real estate portfolio.
4. Hysan Development
Hysan Development is a niche but powerful property company based in Hong Kong, primarily focused on property investment, development, and management. It is known particularly for its presence in Causeway Bay, one of Hong Kong’s most vibrant commercial districts. Hysan’s origins date back to the Lee Hysan family’s historic landholdings; over decades, it has developed a strong portfolio of retail and office space. The company tends to emphasize quality and long-term value over speculative high-volume development. Given its focused footprint, Hysan plays a critical role in shaping one of Hong Kong’s busiest and most iconic urban precincts.
Top Projects:
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Lee Garden One (and related Lee Garden properties): Key office / retail buildings in Causeway Bay, central to Hysan’s real estate footprint. (Note: Lee Garden is part of its core network.)
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Ongoing development of its Causeway Bay sites to maintain and expand its retail dominance there (historically).
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5. Nan Fung Group
Nan Fung Group is a privately held conglomerate based in Hong Kong, with real estate development as one of its core businesses. Founded in the 1950s, Nan Fung has grown from textiles into a multi-dimensional business group, but property remains central. The company develops both residential and commercial real estate, not just in Hong Kong but across Greater China. Being private, Nan Fung has more flexibility in its development strategy, allowing it to invest in long-term, high-quality projects, and maintain a diversified portfolio across geographies and asset types.
Top Projects:
While Nan Fung’s project list is vast and includes many investments across Greater China, some of its well-known Hong Kong-related developments involve large-scale residential complexes and mixed-use properties — though publicly available “flagship” projects are less consolidated in one iconic tower compared to SHKP or Henderson.
6. New World Development
New World Development is a major Hong Kong-listed property developer with deep roots and a highly diversified business model. Their portfolio spans residential, commercial, infrastructure, hospitality, and retail. The company is known for its creative use of the “K11” brand, merging art, retail, and community space in its developments. Despite recent challenges in the property market, New World continues to emphasize sustainability and urban renewal. Their scale, combined with a legacy of innovation and regeneration, ensures that New World is both a traditional powerhouse and a forward-looking developer.
Top Projects:
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K11 Art Mall (Tsim Sha Tsui): This commercial-retail-art hybrid space is one of New World’s signature integrated projects.
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Large-scale residential estates and mixed development projects throughout Hong Kong, though specifics vary given the company’s broad portfolio.
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7. Kerry Properties
Kerry Properties is a premium-tier property developer rooted in Hong Kong but with significant operations in Mainland China. Under the wider Kuok Group, Kerry Properties develops high-end residential, mixed-use, hotel, and logistics-related property. Its business model is not just property development — it leverages synergy with its hospitality and logistics arms, enabling it to deliver projects that combine living, working, and transit experiences. According to some analyses, it’s one of the Hong Kong-listed developers gaining traction for its higher-margin, high-quality projects.
Top Projects:
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Kerry Centre (HK): A well-known commercial property in Hong Kong.
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Luxury residential and mixed-use developments on the Chinese mainland (Kerry is particularly active in Tier-1 cities).
8. Cheung Kong Property Holdings (CK Asset Holdings)
CK Asset Holdings — previously part of the Li Ka-shing–led Cheung Kong empire — is one of Hong Kong’s largest and most financially powerful property developers. The company operates with a strategy built on three pillars: strong capital discipline, long-term asset accumulation, and global diversification. CK Asset develops residential towers, grade-A office buildings, large shopping arcades, hotels, and mixed-use districts across Hong Kong, Mainland China, Singapore, and Europe. Unlike most developers, CK Asset blends its property operations with infrastructure investments, energy, utilities, aircraft leasing, and global assets. This diversification gives the company unusual stability in a volatile real estate market.
Their developments tend to emphasize efficiency, high-density planning, and premium views — reflecting the realities of Hong Kong’s urban constraints. CK Asset has also been aggressively expanding into large-scale urban redevelopment and sustainable building design, aligning itself with the next generation of high-efficiency living environments.
Top Projects:
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Harbour Grand Kowloon (hotel)
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Stars by the Harbour (residential waterfront project)
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21 Borrett Road (ultra-luxury residential tower)
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9. Sino Land Company Limited
Sino Land, part of the larger Sino Group, is one of the more conservative but consistently profitable developers in Hong Kong. It is known for its extensive land bank, its long-term build-and-hold strategy, and its focus on large residential estates, hotels, and commercial centers. Unlike some developers chasing speculative luxury projects, Sino Land prioritizes steady revenue, recurring leasing income, and well-located mid-to-high-end developments that appeal to Hong Kong’s middle and upper-middle class.
The company has recently emphasized sustainability, integrating energy-efficient technologies, green rooftops, and biodiversity features across its new sites. It has also expanded its portfolio in Mainland China and Singapore, giving the business broader regional insulation. In Hong Kong, Sino Land’s properties often anchor major suburban districts, shaping the daily lives of hundreds of thousands of residents.
Top Projects:
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Olympic Station Complex developments
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Auberge Discovery Bay Hong Kong (hotel + resort)
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The Palazzo (large residential estate in Fo Tan)
10. Wheelock Properties (Hong Kong)
Wheelock Properties is a premium residential and commercial developer known for sophisticated large-scale estates and luxury projects. Historically part of Wheelock & Company (alongside Wharf Holdings), the developer has built some of Hong Kong’s most influential mixed-use districts. Wheelock focuses heavily on masterplanning — integrating residential towers, retail streets, green spaces, and transit connectivity to form complete communities.
The company is known for meticulous design standards, collaborating with global architects and interior designers for its luxury offerings. Wheelock’s developments usually target the upper end of the market, with a consistent emphasis on smart-home integration, high amenity density, and elevated lifestyle features.
Its land strategy has been aggressive: Wheelock has regularly been one of the top bidders at government land auctions. Even during market downturns, the company tends to maintain disciplined expansion to secure long-term advantage.
Top Projects:
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Grand Austin & The Austin (West Kowloon)
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KOKO HILLS residential development
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Peninsula East (a contemporary residential project in Lam Tin)
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Resources: aaup | Dr Wealth | Reuters | PR Newswire