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  1. Shimao buys second site in Xiamen

    Posted Oct 09th 2009, 12:00am by Sandy Li

    ... Sandy Li Shimao Property Holdings says it has bought a prime site in Xiamen for 709 million yuan (HK$805 million), its second acquisition in the city since June. The site, covering 30,000 square metres, is on Xiagang Road, with Xiamen University on the east and Gulang Yu, a popular tourist attraction, to the west. It will be developed into two high-rise buildings of more than 240 ...

  2. Hang Lung's HarbourSide sales undercut partner

    Posted Aug 12th 2009, 12:00am by Sandy Li

    ... Sandy Li Hang Lung Properties is offering its HarbourSide luxury residential project above Kowloon Station at prices that undercut its joint-venture partner, MTR Corp. As of 8pm last night, Hang Lung executive director Terry Ng said 90 units, each worth HK$20 million, have been sold. The units had been offered at HK$14,000 per square foot. The prices were 6 per cent lower ...

  3. Greenland site deal Shanghai's biggest this year

    Posted May 06th 2009, 12:00am by Sandy Li

    ... Sandy Li Cash-rich Greenland Group has secured a 186,500 square metre residential development site on the outskirts of Shanghai for 957 million yuan (HK$1.09 billion) in the city's biggest land deal of the year so far. Greenland, which has set itself an ambitious sales target of 40 billion yuan this year, paid 36 per cent above the opening price of 703 million yuan to see ...

  4. Shimao warns fierce bidding at land sales may fuel bubble

    Posted Jun 03rd 2009, 12:00am by Sandy Li

    ... Sandy Li A leading mainland developer yesterday warned that some development sites were being sold at excessively high prices, which raised the possibility of a looming real estate bubble. Hui Wing-mau, the chairman of Shimao Property Holdings, said he was worried that the fierce bidding among land-hungry developers would lift property prices to an expensive level. On May 21, ...

  5. Hang Lung purchases Wuxi site for 415m yuan

    Posted May 16th 2009, 12:00am by Sandy Li

    ... Sandy Li Hang Lung Properties paid 415 million yuan (HK$471 million) for a site in Wuxi, its second acquisition in a week, signalling growing developer optimism in the market. The accommodation value works out at 3,842 yuan per square metre, about 43 per cent higher than the price the firm paid for an adjacent site in December 2006. Hang Lung said it would develop a shopping ...

  6. Cheung Kong woos buyers in Dongguan

    Posted Sep 30th 2003, 12:00am by Sandy Li

    ... Cheung Kong (Holdings) has expanded its promotional campaign to southern China, where it hopes to sell 70 luxury residential homes worth $1.3 billion during the week-long National Day holiday. The project it is pushing, the Harbourfront Landmark in Hungho ...

  7. Flood of flats poses challenge to market

    Posted Sep 10th 2003, 12:00am by Sandy Li

    ... How buyers respond to the wide variety of homes on offer will be seen as a barometer for the sector The Hong Kong housing market is facing further challenges with almost 3,000 new flats going on sale within the next two weeks. At least six projects - rang ...

  8. Mainland tourists boost retail sector

    Posted Aug 27th 2003, 12:00am by Sandy Li

    ... Rental prices may rise 5 per cent this year as malls get spruced up by their owners The big appetite of individual mainland tourists for bags, shoes, watches and jewellery has lifted prospects for retailers, but agents report that transactions in both ret ...

  9. Low interest rates lift London investments

    Posted Aug 20th 2003, 12:00am by Sandy Li

    ... Investors raise the total value of transactions in the second quarter to GBP1.74b, exceeding the five-year average The value of total property investment in Central London in the second quarter has reached GBP1.74 billion (HK$21.6 billion), partly buoyed ...

  10. Techtronic bullish on revenue

    Posted Aug 19th 2003, 12:00am by Sandy Li

    ... An acquisition and a new line of power tools for professionals provide a boost Techtronic Industries hopes revenue will reach more than US$300 million in the second half with the help of newly acquired Royal Appliance Manufacturing - the second-largest va ...




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