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  1. Residential home sales drop as new project launches dry up

    Posted Sep 09th 2009, 12:00am by Staff Reporter

    ... launches. However, analysts expect the market to heat up again when more projects are launched for sale shortly. La Grande Vineyard, developed by Sun Hung Kai Properties in Ngau Tam Mei, Yuen Long, led the weekend sales chart with 16 units sold for between HK$6,800 and HK$9,000 per square foot. The low-density residential project offers 28 villas at about 2,500 to 2,900 square feet, ...

  2. New World rules out dive in home prices

    Posted Oct 15th 2008, 12:00am by Yvonne Liu

    ... 'Property sales will drop as people have adopted a wait-and-see attitude,' Mr Cheng said yesterday. 'But most of the developers will not cut prices since they don't have financial pressure [to do so].' He expects sales to remain low and property prices may fall 8 to 10 per cent but sees them picking up once the economy has recovered. New World yesterday announced ...

  3. HK$170m plan from Japan to bring city's online shopping home

    Posted Feb 18th 2011, 12:00am by Charlotte So

    ... Charlotte So Japanese courier Ta-Q-Bin is investing HK$170 million on a service in Hong Kong targeting home delivery for online shoppers. It is the start of an aggressive expansion ... shopping. 'Online shopping parcels are also expected to account for a major proportion of sales in Hong Kong and the mainland,' Maejima said. The company is hoping to team up with online ...

  4. Home prices scary, bank chief says

    Posted Feb 23rd 2010, 12:00am by Staff Reporter

    ... property prices to the over-reliance of local governments on the sector for revenue. He said local governments derive 40 per cent of income from land sales. 'Local governments hope property ... to increase the supply of affordable housing to low-income groups while loan conditions for buyers of second homes had been tightened with down payments of 40 per cent required. Figures from last ...

  5. Home Credit China wins licence to extend business on the mainland

    Posted Nov 30th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Home Credit China, a unit of the European financial firm PPF Group, expects business to mushroom over the next two to three years after receiving a licence to tap ... up consumer finance companies in Shanghai, Beijing and Chengdu in a pilot scheme. Under the same programme, Home Credit Consumer Finance will be launched in Tianjin tomorrow, the first ...

  6. Business - Companies - EARNINGS

    L'Occitane on track to reach store expansion target

    Posted Nov 28th 2012, 12:00am by Eric Ng

    ... (HK$338.1 million) for the six months to September. Sales grew 21.9 per cent to €449.2 million. Citi analyst Catherine Lim said she expected flat interim profit growth in a recent research report, citing higher tax expense. Sales are typically skewed towards the second half, with the Christmas-shopping-heavy October-December quarter accounting for 40 per cent of annual sales and 22 per ...

  7. Geely focuses on home market as earnings soar

    Posted Apr 17th 2009, 12:00am by Kandy Wong

    ... 190.57 per cent last year on strong local sales. The Zhejiang-based carmaker's net income grew to 879.05 million yuan (HK$997.02 million) from 302.53 million yuan in 2007 after the listed ... overseas markets this year and it seems domestic sales are recording growth.' Mr Li also said the carmaker's planned US$500 million investment in Mexico, which is regarded as paving ...

  8. Li Ning opens in HK as mainland sales pick up

    Posted Dec 05th 2009, 12:00am by Celine Sun

    ... Celine Sun Sportswear retailer Li Ning is benefiting from improved market sentiment, recording growth in same-store sales and forecasting a 15 per cent rise in turnover next year. ... Sha Tsui, also sells apparel and shoes. Chong Yik-kay, Li Ning's chief financial officer, said retail sales at the company's more than 7,000 shops across the mainland started to pick ...

  9. Goldwind to use share sale funds to grow abroad

    Posted Sep 11th 2009, 12:00am by Eric Ng

    ... offering in Hong Kong to expand overseas, which could help ease overcapacity concerns at home. The firm would focus on selling to emerging markets in Southeast and Central Asia before targeting developed markets, although it had sold a small amount to the United States and Cuba, vice-president Li Yuzhuo said on the sidelines of the World Economic Forum yesterday. Overseas sales formed less ...

  10. Gome says it may miss sales target this year

    Posted Aug 13th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Gome Electrical Appliances Holding, the mainland's biggest electronic appliance retailer, says it may not be able to meet its sales target this year as natural disasters hurt consumer sentiment in May and June. Gome has aimed to keep same-store sales growth at between 3 per cent and 5 per cent this year. First-quarter growth was 3.7 per cent but the earthquake ...




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