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  • November 1, 2014
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  1. Property and steel units hit Fosun profits

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

    ... Yvonne Liu Fosun International yesterday reported net profit dropped 60.4 per cent to 1.33 billion yuan (HK$1.51 billion) last year from 3.35 billion yuan in 2007. The decline was attributed to sharply lower profits from the property development and steel businesses despite strong gains in the pharmaceuticals and mining sectors. Turnover increased 25.87 per cent to 40.25 ...

  2. East Kowloon sees office explosion

    Posted Mar 11th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu A surge in releases of all grades of new office space in East Kowloon has forced landlords to adopt new strategies to find tenants for the millions of square feet of commercial space coming on stream in the district. Rents in the district have fallen 16 to 20 per cent from peak levels in September last year, according to Fiona Ngan, a director of the Kowloon commercial ...

  3. Developers drop after Beijing blocks Chongqing tax rebate

    Posted Feb 04th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Shares in Hong Kong-listed mainland property developers dropped yesterday after the State Council ordered the Chongqing government to call off a tax rebate programme for the property market. The Chongqing government announced the scheme on December 18 to stimulate demand amid a general slowdown in the property sector. Under the programme, first-time homebuyers will get ...

  4. SHKP reprises bold pricing bet at Cullinan

    Posted Jan 14th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu In Hong Kong's becalmed property market all eyes are now on the uptake of units in Cullinan Towers -Sun Hung Kai Properties' newly launched project at Kowloon Station. In a bold pre-launch move, SHKP said it expected to fetch HK$50,000 per square foot or HK$200 million for the penthouse in the development. It was also asking about HK$30,000 per square foot ...

  5. Owners lower rents at iSquare amid downturn

    Posted Feb 05th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Associated International Hotels and parent company Tian Teck Land have lowered asking rents at iSquare, a new shopping centre in Tsim Sha Tsui, by up to 30 per cent in the wake of the economic downturn. The companies invested HK$1.3 billion to redevelop the Hyatt Regency into the shopping centre. Cheong Kheng Lim, the deputy chairman of Tian Teck, yesterday said they had lowered ...

  6. Homes in negative equity up threefold

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

    ... Natalie Chiu and Yvonne Liu Surge in paper losses for mortgage holders The number of home loans in negative equity has risen more than threefold in three months as falling property prices take their toll on homeowners amid the financial crisis. The number of mortgage holders sitting on a paper loss jumped to 10,949 - or 2.3 per cent of the total - in the three months to the end ...

  7. Hutchison House project wins approval

    Posted Nov 25th 2008, 12:00am by Yvonne Liu

    ... Hutchison Whampoa has won the Buildings Department's approval to redevelop its 34-year-old headquarters in Central, Hutchison House, into a 47-storey office building from 23 storeys. The new project, at 10 Harcourt Road, could provide a gross floor a ...

  8. Mainland home sales fall 20.6pc

    Posted Dec 13th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Sales of private housing on the mainland dropped 20.6 per cent in the first 11 months from a year earlier, the National Bureau of Statistics reported yesterday. Total sales of private property, including residential and commercial properties, reached 1.93 trillion yuan (HK$2.18 trillion) in the first 11 months, down 19.8 per cent from a year earlier. Sales were worse ...

  9. Comment - Insight & Opinion - A BAD WEEK FOR ...

    A Bad Week for..., July 14, 2013

    Posted Jul 14th 2013, 12:00am by STAFF

    ... in the case face trial in November.   Liu Zhijun Once the all-powerful head of the railways ministry, Liu Zhijun is looking at a lengthy stretch in prison after being given a suspended death sentence ...

  10. Cautious developers bid low for Beijing sites

    Posted Oct 09th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Tenders for four residential sites in Beijing yesterday were lower than expected, showing that mainland developers remain cautious about land acquisitions. The capital's municipal government received three bids for a budget housing site in the city's Daxing district. All of the offers were lower than the government's opening bid of 480 million yuan (HK$547 ...




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