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  1. Wary buyers force developers to think on a smaller scale

    Posted Jun 07th 2006, 12:00am by Yvonne Liu

    ... Yvonne Liu Players are reducing their exposure to a potential drop in sales revenue by releasing projects with fewer flats Hong Kong developers are having to think up new strategies to sell their properties as investors and end-users hesitate to enter the home market amid concerns of further interest rate rises. Developers were testing the market by selling projects ...

  2. Kowloon Development in HK$1.16b placement

    Posted Sep 15th 2006, 12:00am by Staff Reporter

    ... Mid-sized property developer Kowloon Development plans to raise as much as HK$1.16 billion from a top-up share placement to help fund its mainland expansion. Kowloon Development yesterday ... to the stock's closing price of HK$14.18 yesterday. Cazenove Asia is the bookrunner of the deal. The placement came after Kowloon Development's shares gained 70 per cent this year, outpacing the 15 ...

  3. University development falls foul of moratorium

    Posted Sep 24th 2006, 12:00am by Quinton Chan

    ... Part of the University of Hong Kong's HK$2.5 billion campus plan falls foul of a Mid-Levels moratorium established in 1972 to restrict development in the area and prevent traffic ... But the government said the moratorium was only an administrative measure introduced on traffic and transport management grounds and was never intended to prohibit developments or redevelopments ...

  4. Property developers report large profit rises

    Posted Mar 15th 2006, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 6.54pm: Two of Hong Kong's major property developers, New World Development and Wharf Holdings, on Wednesday reported impressive profit gains during 2005. New World Development's interim profit rose to $2.1 billion in the sixth months ending December 31, 2005, up 101 per cent from $1 billion during the previous corresponding period in 2004. ...

  5. Developers may face space cap

    Posted Mar 14th 2006, 12:00am by Chloe Lai, Quinton Chan

    ... projects to prevent developers using exemptions to build huge blocks, the housing minister said last night. If such a cap was imposed, there would be no floor space exemption 'in any circumstance', said Secretary for Housing, Planning and Lands Michael Suen Ming-yeung. This meant developers would not be allowed extra building for various reasons, such as public transport ...

  6. Developer hits PwC with audit cash claim

    Posted May 12th 2006, 12:00am by Mark O'Neill

    ... A Shanghai-listed firm is demanding 200 million yuan in compensation from PricewaterhouseCoopers (PwC) after the money disappeared from an account it had at a securities firm. PwC has denied any wrongdoing. In a statement filed with the Shanghai Stock Exchange, Shanghai Waigaoqiao Free Trade Development, which manages and develops the Waigaoqiao bonded district in Pudong, said ...

  7. Busy developers outsource Guangzhou sales to agents

    Posted Mar 15th 2006, 12:00am by Sandy Li

    ... Sandy Li Hong Kong and mainland developers' fast expansion in the Guangzhou real estate market has created a competitive arena for property agents, according to an industry practitioner. Hopefluent Group Holdings, the largest property consultancy in Guangzhou, said many mainland developers had outsourced their sales and marketing services to free them up to focus ...

  8. Developers cashing in on eco-buildings

    Posted Mar 13th 2006, 12:00am by Chloe Lai

    ... Chloe Lai The environmental policy is being exploited and a review is needed, say lawmakers and a green group The government policy to promote eco-buildings has enabled developers to add ... on four new estates found the developers had obtained between 3 and 13.8 per cent additional floor space by adding 'green' features that attract minimal or no premiums. Lawmakers ...

  9. Developer ready for sales boom

    Posted Apr 04th 2006, 12:00am by Staff Reporter

    ... Foster Wong Beijing Capital Land will accelerate project launches this year after drop in profits caused by delays to approvals Beijing Capital Land, one of the biggest developers in the capital, expects sales to double to five billion yuan this year as it accelerates project launches to compensate for falling earnings last year. The developer said 10 projects this year would have ...

  10. Hopes rise for formula to develop Tamar site

    Posted Mar 30th 2006, 12:00am by Chris Yeung

    ... the government proposes some improvements on the Tamar project that can convince our DAB brothers, and if the government proposes some suggestions that satisfy our demands on the development of Southeast ... months. His account will include the Tamar plan, speeding up plans for the Southeast Kowloon development on the Kai Tak airport site and measures to improve air quality. Mr Tsang had promised ...




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