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  • July 11, 2014
  • Last updated: 8:03pm
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  1. Business - Companies - EARNINGS

    China Overseas aims for HK$100b in property sales for 2013

    Posted Mar 19th 2013, 12:00am by Peggy Sito

    ... as the target has taken into account unfavourable circumstances the market could face. Kong spoke to reporters as the company announced a 21.1 per cent jump in net profit last year to HK$18.72 billion, ... of administrative means to get the market back on track." The company said it would enter three or four new cities this year and replenish its land reserve by at least 8 million square metres in gross ...

  2. Property - Hong Kong & China

    China's Wanda to build US$900m five-star complex in Chicago

    Posted Jul 10th 2014, 04:56am by AFP

    ... will be the city's third tallest building with a height of 350 metres, the company said in a statement. It will be a mixed-use development consisting of a 240-room "super five-star" hotel, ... property investment in the United States," Wang said in the statement, adding that the company would invest in five-star hotels in major US cities including New York, Los Angeles and San ...

  3. Business - Companies

    Swire Properties to spend HK$10b on Taikoo Place redevelopment

    Posted Mar 13th 2014, 01:24pm by Peggy Sito

    ... be at least HK$10 billion, Swire Properties chief executive Martin Cubbon said. Cubbon unveiled the investment amount yesterday after the company announced an 8.5 per cent decline in its underlying ... will spend HK$10 billion over the next few years to turn three industrial buildings in Quarry Bay's Taikoo Place into two grade A office towers, making it one of the company's biggest ...

  4. Property - International

    London house prices seen falling as BOE acts to cool market

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... see declines than increases and is the weakest reading since May 2012. London has led the surge in British house prices in the past year, prompting central bank officials to announce measures ...

  5. Property - Hong Kong & China

    Battle lines drawn as property market slumps

    Posted Jun 21st 2014, 12:54am by Langi Chiang

    ... SouFun badly. Its American depositary receipts plunged 17 per cent on June 12, pushing the price-earnings ratio to an 11-month low. The company's income from listing services rose 57 per ... a few free listings, which the company estimated would cost it at least 500 million yuan (HK$621.8 million). It also offered the property agencies low-interest loans of up to 10 million yuan ...

  6. Property - Hong Kong & China

    Rise in housing prices renews debate on affordability

    Posted Jul 11th 2014, 01:31am by Peggy Sito

    ... by a recent concession on double stamp duty, which was part of the cooling measures announced earlier. Under the concession, those upgrading to a better home get more time to sell their existing homes ...

  7. Property - Hong Kong & China

    Green developer Landsea courts investors with deep pockets

    Posted Jul 11th 2014, 01:31am by Langi Chiang

    ... of a shell company. It will finish its transitional period by the middle of next year. It is part of a wave of backdoor listings in Hong Kong in recent years by mainland developers, including Wanda ...

  8. Property - Hong Kong & China - RESIDENTIAL PROPERTY

    Shanghai allows more luxury homes

    Posted Jul 09th 2014, 03:36pm by Reuters

    ... of the sensitivity of the matter. He said the company raised some prices to match increased market prices in the city. Lam said a curb on luxury properties would discourage developers from buying land ... developments in China are offering discounts of more than 20 per cent, property research company Cric said in a report, and a development in Dalian in Liaoning province slashed prices by 39 per cent ...

  9. Property - Hong Kong & China - ACQUISITIONS

    Chinese developers to remain cautious on buying land

    Posted Jul 09th 2014, 05:02am by Langi Chiang

    ... sqmetres. Official data for property activity in the first half is scheduled to be announced next week. The current consensus among developers and industry analysts is that the country's top ...

  10. Property - Hong Kong & China

    Developers expected to slash house prices to ease housing inventory oversupply

    Posted Jul 03rd 2014, 02:08am by Langi Chiang

    ... industry analysts. Many developers have already announced 10 to 20 per cent increases in contracted sales for this year after a stellar performance last year, but found conditions tough ... as it expects the company's contracted sales to be insufficient to cover its interest expenses over the next 6 to 12 months. Many developers failed to secure 40 per cent of this year's sales ...




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