Tsim Sha Tsui Properties Limited
0247.HK
Hong Kong Stock Exchange19.35
HKD
-0.15
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Tsim Sha Tsui Properties Limited
0247.HK
(Hong Kong Stock Exchange)
Recent
price
19.35
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Tsim Sha Tsui Properties Limited (0247.HK), an investment holding company incorporated in 1972 and headquartered at Tsim Sha Tsui Centre in Kowloon, Hong Kong, principally engages in property development, investment, management, and hotel operations through its majority-owned subsidiary Sino Land Company Limited, in which it holds a 57.67% interest as of June 30, 2025; its core products and services encompass property sales of residential units, car parks, and commercial developments; property rental of retail malls, offices, industrial buildings, and residential units; property management including cleaning, security, club operations, and project management; hotel operations at properties such as The Fullerton Hotel Singapore, The Fullerton Bay Hotel Singapore, The Fullerton Ocean Park Hotel Hong Kong, Conrad Hong Kong, The Fullerton Hotel Sydney, and The Olympian Hong Kong; investments in securities; and financing activities like mortgage loans and deposit placing, with operations spanning Hong Kong, Mainland China including Qianhai, Zhangzhou, and Chengdu, Singapore, Australia, and Sydney. The company maintains a diversified land bank of approximately 18.9 million square feet of attributable gross floor area as of June 30, 2025, comprising 48.8% commercial, 26.2% residential, 10.5% industrial, 8.3% car parks, and 6.2% hotels, including key developments such as Dynasty Park Phase IV in Zhangzhou and The Palazzo in Chengdu. Recent developments include obtaining occupation permits for projects like Grand Mayfair I & II in Yuen Long, Villa Garda in Tseung Kwan O, La Montagne in Wong Chuk Hang, and ONE CENTRAL PLACE in Central during the year ended June 30, 2025; completion of Qianhai Kerry Centre Phase III in Shenzhen; acquisition of Tuen Mun Town Lot No. 569 for residential development post-year-end; launches of remaining units in St. George’s Mansions, Grand Victoria, and others; upcoming pre-sale consents for Yau Tong Ventilation Building, Grand Mayfair III, and LOHAS Park Package Thirteen; proposed amendments to its Articles of Association to align with regulatory changes; a leadership transition with Chairman Robert Ng Chee Siong stepping down effective August 31, 2025, succeeded by Daryl Ng Win Kong; and board changes including the addition of Rock Chen Chung-nin and retirement of Steven Ong Kay Eng as independent non-executive directors effective July 1, 2025.