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  • November 29, 2014
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  1. Property - Hong Kong & China - INVESTMENT

    Shui On Land buys remaining stake in Foshan development project

    Posted Aug 27th 2014, 09:23am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Developer to let go further assets to reduce debt from lower margins and perpetual bond payouts Shui On sells two hotels as first-half profit drops 24pc Shui ... Ka-shui- to reduce debt as it reported a 24 per cent drop in first-half profit. The deal was signed a day before Shui On announced yesterday that its interim profit fell to 797 million yuan ...

  2. Property - Hong Kong & China - RESIDENTIAL

    China land sale revenue falls despite easing of home purchase curbs

    Posted Aug 06th 2014, 04:26pm by Sandy Li

    ... stabilise earlier than that," he said. High local government debt levels add a sense of urgency to a recovery in the property market. The 15 per cent drop in land sales by the 300 cities ...

  3. News - Hong Kong - POLITICS

    Legco filibuster on stamp duty puts more than HK$4b at stake, lawyers warn

    Posted Jul 14th 2014, 05:57am by Austin Chiu, Sandy Li

    ... Gates, Navin-kumar Aggarwal, was jailed for 12 years for an HK$8 billion fraud and money laundering scheme designed to pay off his huge gambling debts. Chiang said the government should not have ...

  4. Property - Hong Kong & China - GAMING

    Landing International chairman gambles on tourism plan in Jeju

    Posted May 26th 2014, 05:07am by Sandy Li

    ... it would not rule out further debt or equity fundraising exercises to support development of the Jeju project or other developments. One Hong Kong-based analyst, who requested anonymity, was less ...

  5. Property - Hong Kong & China

    China faces land sales dilemma

    Posted Jan 11th 2014, 01:22am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Record revenues from land auctions help ease debt burden for local governments while raising the spectre of more curbs Mainland faces land sales dilemma Record ... than 50 per cent of local governments' income. Chen said local governments desperate to reduce debt would increasingly rely on land sales revenue. The revenue would also be used to fund ...

  6. Property - Hong Kong & China

    Developers tapped for urbanisation funding

    Posted Dec 31st 2013, 01:10am by Sandy Li

    ... for urbanisation funding Debt-laden local governments on the mainland are eyeing property developers' cash piles as an alternative means of funding their urbanisation plans. Developers ... Baoliang earlier estimated that local authorities have debts totalling up to 20 trillion yuan as a result of a rush to build infrastructure, almost double their outstanding debt at the end of 2010. ...

  7. Property - Hong Kong & China

    Developers face risks in rights issues

    Posted Dec 19th 2013, 01:37am by Sandy Li

    ... tool of financing in general. "If the cost of debt financing becomes more expensive, developers will naturally shift from debt financing to equity financing. We think there are greater ...

  8. Property - Hong Kong & China - SHARES

    Small-cap developers face risks as need for rights issues grow

    Posted Dec 18th 2013, 10:38am by Sandy Li

    ... on Monday before recovering some of the lost ground on Tuesday, when it closed up 5.83 per cent to HK$1.20. Lai Sun Garment said the raised capital will be used for debt repayment. “Few major ... said bond financing was still the preferred tool of financing in general. “If the cost of debt financing becomes more expensive, developers will naturally shift from debt financing to equity ...

  9. Business - Economy

    Hong Kong peg to US dollar blamed for city's soaring property prices

    Posted Oct 14th 2013, 12:00am by Sandy Li

    ... been mortgage-funded, Lawrence said. "Homeowners have become ever more reliant on debt to fund their property purchases," he said. Mortgage interest rates have dropped to 2.3 per cent ...

  10. Home prices forecast to fall sharply in 2 years

    Posted Nov 06th 2008, 12:00am by Sandy Li

    ... Sandy Li The slumping economy and the credit crunch have prompted Morgan Stanley to further lower its forecast for Hong Kong residential property prices, and it now expects them to fall 20 per cent over the next 12 months. The US investment had earlier fo ...




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