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  • August 30, 2014
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  1. Business - China Business - PROPERTY

    Logan Property core profit jumps by two-thirds as turnover rises 43pc

    Posted Aug 28th 2014, 02:18pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Shenzhen-based Logan Property posted a jump of 66.3 per cent in first-half core profit to 679.6 million yuan (HK$854 million). Turnover over the period rose ... contracted sales for the six months declined 4.3 per cent from the same period last year to 5.54 billion yuan. The average selling price for the first half fell 6.5 per cent to 7,045 yuan per square ...

    http://www.scmp.com/business/china-business/article/1581430/logan-property-core-profit-jumps-two-thirds-turnover-rises
  2. Business - Companies - PROPERTY

    Chinese Estates profit down 42.5pc

    Posted Aug 28th 2014, 03:47pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Chinese Estates Holdings posted a 42.5 per cent fall in first-half core profit to HK$1 billion due to a sharp decline in property sales. Net profit, including property revaluation gains, dropped 45.19 per cent to HK$2.45 billion. The company had not completed a development in the first half of the year, which meant no significant profit ...

    http://www.scmp.com/business/companies/article/1581439/chinese-estates-profit-down-425pc
  3. Business - Companies - PROPERTY

    Developer China Vast profit drops 17.7pc

    Posted Aug 29th 2014, 11:03am by Enoch Yiu

    ... in the first half to 449.95 million yuan (HK$565.74 million) from the same period last year as taxes and cost of servicing loans jumped. The developer, which made its debut in the Hong Kong bourse ... enjoy the previous tax benefits from January. As a result, its income tax expenses in the first half jumped seven times to 154.65 million yuan. But China Vast, which develops large industrial ...

    http://www.scmp.com/business/companies/article/1581660/developer-china-vast-profit-drops-177pc
  4. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... The island urgently needs the investment as its economic growth has slowed sharply to 8 per cent in the first half of this year from 9.9 per cent. Among all provinces, Hainan relies the most on real estate investment, which accounted for 36.3 per cent of its gross domestic product in the first half. The other pillar for the provincial economy is tourism. Since the State Council endorsed ...

    http://www.scmp.com/property/hong-kong-china/article/1580469/hainan-cracks-down-idle-land-parcels
  5. Property - Hong Kong & China - PROPERTY

    Chinese finance firms target Central offices

    Posted Aug 18th 2014, 03:56am by Peggy Sito

    ... Kong. Property consultants said mainland firms are now the driving force for the Central office market, accounting for about 20 per cent of new leases in the first half, up from 15 per cent ... of the first half, but this would increase to about 24.9 per cent after the expiry of leases held by Bank of America Merrill Lynch and Nissan in the second half. Adrian Lee Ching-ming, chief executive ...

    http://www.scmp.com/property/hong-kong-china/article/1575679/chinese-finance-firms-target-central-offices
  6. Property - Hong Kong & China - PROPERTY

    China property policies undergoing renovation

    Posted Aug 18th 2014, 03:56am by Langi Chiang

    ... the mainland's property market had shrugged off a brief downturn during the global financial crisis and home prices were soaring. Now, about half a year into a new correction, most of them have either ...

    http://www.scmp.com/property/hong-kong-china/article/1575688/china-property-policies-undergoing-renovation
  7. Business - China Business - PROPERTY

    China Overseas Land’s contracted sales drop 45pc despite lifting of curbs

    Posted Aug 14th 2014, 09:37am by Langi Chiang

    ... Core profit for the first half of the year jumped 33.7 per cent from the same period last year to HK$10.79 billion, the firm said in its interim report on Wednesday. Most mainland cities have ...

    http://www.scmp.com/business/china-business/article/1573320/china-overseas-lands-contracted-sales-drop-45pc-despite
  8. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... land prices were still on the rise in the first half and the pace could slow in the second. "Backing up high home prices are expensive land prices," he said. "The land market ...

    http://www.scmp.com/property/hong-kong-china/article/1569027/government-not-serious-about-lower-home-prices-developer
  9. Property - Hong Kong & China - PROPERTY

    China Merchants Land rises on acquisition of Guangzhou developer

    Posted Aug 04th 2014, 12:33pm by Langi Chiang

    ... Merchants Land, controlled by state-owned and Shenzhen-listed China Merchants Property Development, reported a 68 per cent slide in core profit to 333 million yuan in the first half of this year from a year earlier. Earnings per share fell to 1.24 yuan from 7.58 yuan during the period. Its contracted sales fell 18 per cent in the first half from a year earlier to 2.7 billion yuan, ...

    http://www.scmp.com/property/hong-kong-china/article/1566102/china-merchants-land-rises-acquisition-guangzhou-developer
  10. Property - Hong Kong & China - PROPERTY

    Luxury homes taken off the market as big-ticket buyers refuse to pay top prices

    Posted Aug 04th 2014, 03:38am by Sandy Li

    ... was the lowest since May 2011," said David Chan, a director at Ricacorp. In the first half of this year, the total transaction value in the primary and secondary residential markets was HK$6.9 ...

    http://www.scmp.com/property/hong-kong-china/article/1565762/tender-flops-point-cooling-luxury-home-sector-hong-kong

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