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  • April 17, 2014
  • Last updated: 3:23am
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  1. Property - Hong Kong & China - PROPERTY

    Midland feels heat from ousted pair

    Posted Mar 24th 2014, 04:45am by Sandy Li

    ... it expected a loss for the second half of last year. It posted a loss of HK$88.73 million for the six months to June, compared with a profit of HK$147.3 million a year earlier. Apex threatened to sell ...

  2. Property - Hong Kong & China - PROPERTY

    Mainland Chinese tourist boom sparking hotel conversions in Hong Kong's residential areas

    Posted Mar 17th 2014, 12:51am by Yvonne Liu

    ... million by 2023. Sorgiovanni said there was demand for more rooms in the market, but his company had discovered that mainlanders tended to pay about half the industry room rate. "This ...

  3. Property - Hong Kong & China - PROPERTY

    Dark clouds over Hong Kong's property market as 'perfect storm' looms

    Posted Mar 10th 2014, 06:10am by Sandy Li, Peggy Sito

    ... in the duration of the special stamp duty, we expect the second half of this year and the first half of next year to be hit by even lower demand levels," he said. The special stamp duty imposes ...

  4. Property - Hong Kong & China - PROPERTY

    Hong Kong developers' profit margins squeezed

    Posted Mar 07th 2014, 01:12am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Falling home prices, rising construction costs and high land premiums being blamed for expected plunge in developers' earnings Builders face tight squeeze on margins Profit margins of property developers could be slashed in half this year as falling home prices and soaring construction costs and land premiums bite into performance. With prices of new ...

  5. Business - Companies - PROPERTY

    SHKP fundraising to boost land bank

    Posted Feb 28th 2014, 05:27pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com SHKP fundraising to boost land bank Sun Hung Kai Properties said first-half core profit fell 7.8 per cent as it announced plans to raise up to HK$22 billion by issuing bonus warrants to be used to build up its land bank in Hong Kong in the years ahead. The company said interim underlying profit slid to HK$10.64 billion for the six months to December ...

  6. Property - Hong Kong & China - PROPERTY

    Centaline claims bigger slice of Hong Kong flat market

    Posted Feb 24th 2014, 04:32am by Sandy Li

    ... in Midland, which operates 231 outlets under Midland Realty, brace for the company's biggest annual loss since it listed in 1995. In the first half of last year, the company posted a loss ... Shih said Centaline's Hong Kong operation recorded a profit of HK$280 million last year- although just half the HK$560 million it earned in 2012. People in the industry say Centaline ...

  7. Property - Hong Kong & China - PROPERTY

    Cityplaza shopping centre to get HK$100m facelift

    Posted Feb 10th 2014, 04:37am by Sandy Li

    ... operating in Cityplaza for 27 years. It will retain 120,000 sq ft, with half of that occupied by its supermarket, Kok said. The facelift would add about 15 doors to the shopping mall, she said. ...

  8. Property - International - PROPERTY

    Foreign buyers risk causing London housing bubble, say economists

    Posted Feb 05th 2014, 05:20am by The Guardian

    ... on Monday. That report came as think tank Civitas estimated 27 per cent of new homes in central London went to British buyers and more than half to buyers from Singapore, Hong Kong, mainland China, ...

  9. News - Hong Kong - PROPERTY

    Midland Holdings reports first-half loss as property measures bite

    Posted Aug 24th 2013, 12:00am by Peggy Sito

    ... in the first half of 2012. The loss came as property transactions in Hong Kong in the first half dropped to the lowest level in a decade. There were 39,077 property transactions lodged with the government registry in the first half as a series of housing policy measures and the continued tightening of mortgage requirements weighed on the real estate industry. It is the lowest since 35,200 ...

  10. Property - Hong Kong & China - PROPERTY

    'Worst is over' for Hong Kong real estate, says Cheung Kong executive

    Posted Jan 06th 2014, 12:28am by Peggy Sito

    ... of a percentage point to half a percentage point, he said. The low interest rate regime would continue to benefit the housing sector. Chiu made the comments as the developer prepares to launch its ...




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