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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. Developer applications piling up, tycoon warns

    Posted Feb 27th 2006, 12:00am by Staff Reporter

    ... Foster Wong Property tycoon Cheng Yu-tung yesterday lashed out at the government for dragging its feet in approving developers' applications after the controversy over the Grand Promenade project in Sai Wan Ho. Mr Cheng, chairman of New World Development, said: 'Ever since the Grand Promenade saga, government officials act like their hands and legs are tied up ...

  3. Developer's rights share issue seeks HK$5.29b

    Posted Dec 21st 2006, 12:00am by Denise Tsang

    ... Denise Tsang Kowloon Development plans to use proceeds to finance mainland projects Shares of medium-sized property developer Kowloon Development slumped 3.49 per cent yesterday on news ... closer to the HK$13.80 sale price of the 383.56 million rights shares. The fresh proceeds are for partial payment of a 3.5 billion yuan property development in Tianjin and for adding to funds ...

  4. Henderson seeks to do luxury development justice

    Posted Dec 09th 2006, 12:00am by Alex Lo

    ... with Alex Lo In the interest of heritage education and preservation, developer Henderson Land and sister company Town Gas have jointly donated HK$100,000 to run more public open days ... Centre Point development project in Staunton Street? You see, the Urban Renewal Authority wants to redevelop the area, and flat owners, having lived for years in the rundown area, are finally ...

  5. Lifestyle to develop Shenyang site into store

    Posted Dec 28th 2006, 12:00am by Andy Chen

    ... Andy Cheng Lifestyle International Holdings, operator of the Sogo department stores, is buying a site in Shenyang for 1.02 billion yuan and plans to develop it into a department store, ... this month and the planned store will be the first such mainland project it plans to develop and finance on its own. Earlier this month, Lifestyle said it aimed to take a 50 per cent stake ...

  6. Tianjin Development eyes HK$2b loan

    Posted Sep 02nd 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster Tianjin Development Holdings, an investment arm of the city's municipal government, plans to take out a HK$2 billion loan aimed at refinancing existing debt ... Development is paying interest at 90 basis points above the London interbank offered rate on the five-year loan that matures in July 2008, according to Dealogic. HSBC, Industrial and Commercial Bank ...

  7. Planning board erred: developers

    Posted Nov 16th 2006, 12:00am by Nick Gentle

    ... Nick Gentle Companies argue land decision unfair The Town Planning Board was wrong to take into account potential losses for the Urban Renewal Authority when it ruled a developer should surrender some land for a redevelopment in Staunton Street, a court heard yesterday. The Court of Appeal is hearing an application by two companies related to Henderson Land Development ...

  8. Developers dominate complaints panel

    Posted Dec 05th 2006, 12:00am by Chloe Lai

    ... Chloe Lai Only one independent will join a five-member Real Estate Developers Association panel to hear complaints against dubious sales practices- and that person must be a conveyancing lawyer. The other members of the panel, being set up to hear complaints about breaches of the association's sales guidelines, would be developers' representatives, vice-president Stewart ...

  9. Developers split over resuming land sales

    Posted Dec 09th 2006, 12:00am by Yvonne Liu

    ... Yvonne Liu Cheung Kong (Holdings), Hong Kong's second-largest developer, split ranks with larger rival Sun Hung Kai Properties yesterday by opposing the resumption of regular ... regular land sales.' Under the application list system, a developer can trigger an auction by making a bid that is at least 80 per cent of a site's reserve price. On Thursday, Sun Hung ...

  10. Developers 'skimping on green appliances'

    Posted Dec 03rd 2006, 12:00am by Raymond Ma

    ... Cheung Chi-fai and Raymond Ma Developers are reluctant to provide energy-efficient electrical appliances in new flats, a decision that will cost homebuyers more in electricity bills and pollute the environment, Friends of the Earth says. The group criticised developers for only 'having money signs in their eyes' by not complying with energy-efficiency demands that would ...




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