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  • April 24, 2014
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  1. New malls in TST struggle to find tenants amid weak retail sector

    Posted Aug 26th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Developers bringing some 1.42 million square feet of new retail space to the shopping district of Tsim Sha Tsui this year and next are facing strong competition in finding tenants as the retail market remains weak, say letting agents. 'The new malls have positioned themselves differently in the market. But they are opening for business at almost the same time ...

  2. Young hopefuls join rush as agents

    Posted Sep 09th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong's property roller coaster is on a roll once again, and the number of people being lured into the sector by the prospect of earning easy commissions as licensed ... pressure,' said Willy Liu Wai-keung, a managing director at Ricacorp Properties. Along with its rivals Midland Realty, Ricacorp Properties and Hong Kong Property, Centaline responded late last year ...

  3. Sino Land profit dives on drop in revaluation gains

    Posted Sep 10th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Sino Land, the sixth-largest developer in Hong Kong, yesterday said net profit dropped 52 per cent to HK$3.73 billion for the financial year to June because of a decline in revaluation gains on investment properties. Underlying profit, excluding the property revaluation gains, rose 6.7 per cent to HK$3.6 billion from HK$3.37 billion a year earlier. Turnover jumped 55 per ...

  4. Hanison steps up project releases

    Posted Jul 29th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Hanison Construction Holdings, the investment and construction arm of HKR International, has turned active in the property market with its plan to launch four development projects this year. One LaSalle at La Salle Road in Kowloon Tong, a joint venture with NWS Holdings, is the first project launched in the market. The eight-storey luxury residential building, next ...

  5. Mainlanders flock to Kowloon

    Posted Jun 17th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Jiangsu businesswoman Ms Li secured Hong Kong residency in March under the government's Capital Investment Entrant Scheme by buying a flat in the Sorrento development above Kowloon Station for more than HK$7 million. To qualify under the scheme, an applicant must invest at least HK$6.5 million in real estate, equities, debt securities, bank deposits, subordinated ...

  6. Developers upbeat on second half

    Posted Jun 03rd 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Developers and property analysts are upbeat about the second-half outlook for the mainland property market after seeing a steady increase in transactions in the first five months of the year. They said the market was traditionally more active in the second half, and the trend of rising transaction volumes was expected to continue for the remainder of the year ...

  7. Li firm sues fund for not completing Peak deal

    Posted Mar 10th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu A company controlled by PCCW chairman Richard Li Tzar-kai is suing an Indonesian property investment fund for failing to complete the purchase of a luxury house on the Peak whose value has plunged. The firm is claiming the right to keep the HK$23.8 million down payment. Gate Land, in a writ filed in the High Court, said De Monsa investment fund subsidiary Treble ...

  8. Brand names take different growth view

    Posted Apr 22nd 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The outlook is mixed for the Hong Kong retail sector with several international brands postponing their expansion plans while others are continuing with their growth strategies despite the poor market sentiment. Developers have also adopted entirely different growth strategies for shopping centres. Sources said well-known watch brands A. Lange & Sohne, Glashutte ...

  9. Home loan approvals rise as more qualify

    Posted Jan 30th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Mortgage approvals in Hong Kong rebounded 22.8 per cent last month, helped by the launch of new projects and an easing of requirements for home loan applicants. Approvals for residential mortgages dropped 5.9 per cent to 110,186 cases for the whole of last year, but the total value of new mortgages rose 5.8 per cent to HK$226.2 billion. According to the Hong Kong Monetary ...

  10. Shopping malls ramp up budgets for Christmas

    Posted Nov 12th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Developers are rolling out big-budget promotions for the Christmas season to entice wary shoppers into their malls and keep their retail tenants happy. AC Nielsen said about 70 per cent of respondents in a survey expressed a mood of caution about their shopping intentions and employment security for the coming 12 months. To overcome the lacklustre enthusiasm ...




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