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  • July 31, 2014
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  1. Property - Hong Kong & China

    Property agents threaten SouFun boycott over rising fees

    Posted Jun 19th 2014, 12:55am by Peggy Sito

    ... transactions through its platform. "That changes our relationship from partners to rivals," said Alan Cheng, the managing director of Centaline Property Agency's Shenzhen branch. ... this month. Cheng said SouFun's new services encouraged individual brokers to look for buyers through its platform. "But those individuals are mainly our staff. We train them and provide ...

  2. Property - Hong Kong & China - NEW WORLD DEVELOPMENT

    New World China Land share fall after shareholders scuttle buyout proposal

    Posted Jun 17th 2014, 12:06pm by Yvonne Liu

    ... after 494 investors voted against the buyout proposal, 255 in favour of it. The 494 investors represented only a 0.16 per cent interest in the company. Henry Cheng Kar-shun, the chairman of both ...

  3. Comment - Insight & Opinion

    Link Reit's sale of shopping centres will leave poorer residents worse off

    Posted Jun 13th 2014, 03:42am by Albert Cheng

    ... Albert Cheng Albert Cheng says poorer residents and smaller shops will suffer most as trust focuses on prime locations with big chain stores and higher rents Link's sale of shopping ... unpredictable risks to its investors. With such prospects in sight, what else would I advise investors to do but sell off their shares? Albert Cheng King-hon is a political commentator. ...

  4. Property - Hong Kong & China - TOURISM

    Plateauing of mainland China visitor numbers hits Hong Kong hotels

    Posted May 13th 2014, 03:28pm by Yvonne Liu

    ... and strong demand for guest rooms," said William Cheng Kai-man, the chairman of Magnificent Estates, a hotel developer and operator targeting the mid-range and economy market. "But ... alternative travel destinations in the US and Europe." Cheng said: "The business environment is getting more challenging this year." He forecast occupancy and room rates would drop ...

  5. Property - Hong Kong & China

    New World China Land sees mainland China profit double

    Posted Feb 25th 2014, 03:35pm by Sandy Li

    ... and it is expected that future gross profit margin will be maintained at a healthy level," said chairman and managing director Henry Cheng Kar-shun. Future gross profit margin will be maintained at a healthy level HENRY CHENG, NWCL CHAIRMAN "With an increasing proportion of property projects to be completed in the next two years being located at second and third-tier cities, the group ...

  6. Property - Hong Kong & China - TAIWAN

    Fast-growing Taipei suburb offers low-price, low-density homes

    Posted Apr 01st 2014, 02:27pm by RALPH JENNING

    ... so many flats are being built here is that prices are lower and there's lots of space, which is good for exercise or sports," said Cheng Bo-jen, an assistant manager of a year-old ...

  7. Property - Hong Kong & China

    Alarm grows over housing supply glut in inner mainland China cities

    Posted Mar 25th 2014, 01:34am by SANDY LI AND LANGI CHIANG

    ... projects selling units in a wide price range, including the 4,727-unit Great Town, built by Fujian-based Dong Fu Ming Cheng Property, which has a gross floor area of 927,950 square metres. Across ...

  8. Property - Hong Kong & China - PROPERTY

    Developers' big dreams for smaller mainland China cities falling apart

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

    ... Town- by Dong Fu Ming Cheng Property- was offered at an average 6,900 yuan per square metre, with preferential discounts of up to 1,000 yuan per square metre. The promotion was effective, ...

  9. Property - Hong Kong & China - EARNINGS

    New World Development's net profit dives 54.6 pc in first half

    Posted Feb 26th 2014, 02:55pm by Yvonne Liu

    ... earlier, mainly because of a sharp fall in revaluation gains. Our strategy is to try to lower the cost and achieve stronger sales HENRY CHENG, CHAIRMAN, NEW WORLD Excluding those gains, underlying ... movements in the next few years. It would dampen people's interest in buying homes," New World chairman Henry Cheng Kar-shun said. Cheng sounded a note of optimism though. "We ...

  10. 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

    ... is where the opportunity lies and also why we are seeing more conversions of older industrial buildings into lower-tier hotels to meet this room demand," he said. However, William Cheng ... only," Cheng said. "Your operating and back-up teams have to reach a certain scale even if the hotel has fewer than 100 rooms. Otherwise, your hotel cannot function. "As the operation ...




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