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  • November 28, 2014
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  1. Business - China Business - PROPERTY

    Logan Property core profit jumps by two-thirds as turnover rises 43pc

    Posted Aug 28th 2014, 02:18pm by Peggy Sito

    ... metre. The decrease was mainly due to changes in the portfolio of products for sale. Logan is chaired by chief executive Ji Haipeng, whose daughter Perenna Kei, a non-executive director, owns 85 per cent of the company. Forbes magazine named her the world’s youngest billionaire, with a net worth of US$1.3 billion, in March. ...

  2. Business - Companies - PROPERTY

    Operations fit as Li flagships take profit hit

    Posted Mar 25th 2013, 12:00am by Peggy Sito

    ... expects a 10 per cent decline in Hong Kong's physical housing market, recommends the stock, as the company's product mix and flexible property sales strategy should be favourable ... by a one-off gain from spinning off port and property assets. The two flagship companies, controlled by Li Ka-shing, Asia's wealthiest person, are due to announce their full-year results for 2012 ...

  3. Property - Hong Kong & China - PROPERTY

    Beijing casts net far and wide in anti-graft push

    Posted Oct 20th 2014, 04:56am by Langi Chiang

    ... accounts for about 15 per cent of the mainland's gross domestic product and affects more than 40 other industries, acting as a drag on the whole economy. "So far, there are no signs ... or could not be reached. "Such allegation is unfounded and untrue," the developer said last Friday. "The operations of the company remain normal." ...

  4. Property - Hong Kong & China - PROPERTY

    Beijing's credit easing gives hope to cash-strapped property developers

    Posted Oct 06th 2014, 04:05am by Peggy Sito

    ... of the property market slump, developers are getting less support from the shadow banking sector, a report by investment bank Jefferies said last week. The issuance of collective trust loan products ... trust loan companies accounted for 61 per cent and 41 per cent of their total debt, respectively. In Tuesday's announcement, the banks were encouraged to support developers ...

  5. News - Hong Kong - PROPERTY

    Call to leave local-owned companies out of 15pc tax

    Posted Feb 01st 2013, 12:00am by Joyce Ng

    ... Joyce Ng joyce.ng@scmp.com Developers make counter-proposal to an increase of stamp duty on non-local buyers Call to leave local-owned companies out of 15pc tax Developers have made a counter-proposal to the government over a new property tax, suggesting that small companies with no more than five shareholders- who must all be locals- should be exempted from paying a 15 per cent duty. ...

  6. Property - Hong Kong & China - PROPERTY

    China lenders unlikely to sell cheap mortgages

    Posted May 19th 2014, 03:22am by Langi Chiang

    ... and quickened interest rate liberalisation since last year. As a result, online payment and wealth management products launched by internet companies have since threatened the survival of traditional ...

  7. Property - Hong Kong & China - PROPERTY

    Government's affordable home drive protects mainland China jobs

    Posted Sep 15th 2014, 04:43am by Langi Chiang

    ... concerned about defaults, bankruptcies, and liquidations among private developers, construction companies, and other residential real estate-related companies that made fat profit margins during ... developers. Economists estimate that the property sector contributes about 25 per cent to the mainland's gross domestic product, considering its impact on over 40 other sectors, including metals, ...

  8. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... estate investment, which accounted for 36.3 per cent of its gross domestic product in the first half. The other pillar for the provincial economy is tourism. Since the State Council endorsed ... on the sidelines of a recent property forum in Boao, Hainan. The venue for the forum was developed by state-owned Cosco Group, the country's biggest shipping conglomerate. The company bought ...

  9. Business - Companies - PROPERTY

    Soho China hit by Gong money laundering scandal

    Posted Feb 09th 2013, 12:00am by Yvonne Liu

    ... reported that Soho China had become an overseas company after chairman Pan Shiyi and Zhang Xin, his wife, transferred their assets. One property analyst, speaking on condition of anonymity, said: "This is a political issue and it involves a conflict between the new and old political powers. "I don't think it will have a long-term effect on the company and its property sales. ...

  10. Business - Companies - PROPERTY

    Fosun to boost housing projects for the elderly

    Posted May 22nd 2013, 03:04pm by Peggy Sito

    ... said the company would focus more on non-traditional property and create a diversified product portfolio with signature products such as real estate for residential, health, trade, logistics ...




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