Sun Hung Kai Properties Limited (SHKP) has announced its 2024/25 annual results, highlighting a stable business performance despite global economic challenges, including geopolitical tensions and international trade frictions. The company has adapted to market shifts through its strong execution capabilities and financial discipline. Hong Kong's residential market showed signs of stabilization aided by relaxed mortgage restrictions and lower local mortgage rates. SHKP recorded contracted sales of approximately HK$42.3 billion in attributable terms within the region. Key contributors to these sales included Cullinan Sky Phase 1 in Kai Tak, Sai Sha Residences Phases 1A(2) and 1B (Sierra Sea), Victoria Harbour II in North Point, YOHO WEST PARKSIDE in Tin Shui Wai, NOVO LAND Phase 3B in Tuen Mun, and remaining units from projects like The YOHO Hub II in Yuen Long and St Michel in Sha Tin. Dynasty Court in Mid-levels Central also continued to receive positive market feedback. As of June's end, SHKP's contracted sales in Hong Kong yet to be recognized stood at about HK$35.6 billion, with approximately HK$30.1 billion expected to be recognized in the financial year 2025/26. Looking ahead, SHKP plans to market completed units from the second phases of Cullinan Sky and Cullinan Harbour in Kai Tak over the next 10 months. Other significant residential developments in Hong Kong slated for sale include Sai Sha Residences Phase 2A and 2B, a project near MTR Tsuen Wan West Station, and the first phase of a large-scale development near MTR Kwu Tung Station. The company remains optimistic, with rising home rents, expected lower interest rates, and dedicated government policies anticipated to bolster buyer confidence and boost transaction volumes in the residential sector.