Sun Hung Kai Properties Ltd. has secured a HK$20 billion ($2.6 billion) bank loan at its lowest borrowing cost in years, according to people familiar with the matter. This multi-year financing deal reflects the developer's strong credit standing amid Hong Kong's challenging property market. The loan terms, which include a multi-year maturity, provide Sun Hung Kai with crucial liquidity while locking in historically favorable interest rates that benefit its capital structure. The developer's ability to access such substantial funds at these rates underscores its financial resilience and positions it well for potential future investments or debt refinancing needs.

The deal signals confidence from lenders in Sun Hung Kai's long-term viability despite broader sector headwinds.