Cheung Kong (Holdings) is believed to be Hong Kong's top developer in terms of sales this year with about HK$24 billion in revenue, 84% higher than forecasts for Sun Hung Kai Properties, according to analysts and property agents.
SHKP, which suffered from a family feud beginning in March, sold just HK$13bn in properties this year, CLSA said.
The developer did not begin pre-sales of two wholly owned developments until last month. This was six months after Kwong Siu-hing, the 80-year-old matriarch of the Kwok family, replaced her eldest son, Walter Kwok Ping-sheung, as the chairman of SHKP.
South China Morning Post