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  • April 20, 2014
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  1. Vice-premier boosts HK role as yuan trade hub

    Posted Aug 18th 2011, 12:00am

    ... Enoch Yiu and Gary Cheung Vice-Premier Li Keqiang yesterday announced a raft of more than 30 measures to boost the local economy by encouraging two-way investment and trade between Hong Kong and the mainland and strengthening the city's role in the internationalisation of the yuan. The business community and trade organisations generally welcomed Li's proposals, made ...

  2. Skipping floors no deception, says Lee

    Posted Oct 22nd 2009, 12:00am by Sandy Li

    ... Sandy Li Henderson Land Development's marketing gimmick of selectively numbering the floors on a 46-storey luxury residential project so it could sell units on the auspiciously numbered 66th, 68th and 88th floors did not involve any 'deception', chairman Lee Shau-kee said yesterday. 'There was no deception at all,' he said. 'The more floors we ...

  3. Cheung Kong, SHKP reap HK$5b from sales

    Posted Apr 25th 2009, 12:00am by Sandy Li

    ... Sandy Li Hong Kong's two largest developers pulled in more than HK$5 billion from property sales last weekend, a move analysts believe will help them build up their war chests in preparation for a land acquisition spree. Cheung Kong (Holdings) reaped HK$2 billion from the sale of all its 1,068 units at Central Park Towers II in Tin Shui Wai in two days. Rival Sun Hung Kai ...

  4. Agents in line for windfall from bumper deals

    Posted Apr 22nd 2009, 12:00am by Sandy Li

    ... Sandy Li An estimated HK$5 billion in revenue generated by the sale of 1,500 new flats in less than 72 hours has thrown a multimillion-dollar commission lifeline to thousands of property agents. Cheung Kong (Holdings) attracted HK$2 billion in revenue from the sale of 1,068 units at Central Park Towers II in Tin Shui Wai. The sale opened on Thursday evening and by Friday, 1,020 ...

  5. Cullinan sales fail to lift sentiment

    Posted Feb 18th 2009, 12:00am by Sandy Li

    ... Sandy Li The initial response to the Cullinan - billed as the 'last chance' to buy into a new development at Kowloon Station - has been insufficient to lift sentiment in Hong Kong's property market, which could see prices decline as much as 20 per cent given growing unemployment and poor economic performance. Meanwhile, rival developers had cut prices ...

  6. Home sales fall sharply in festive period

    Posted Jan 29th 2009, 12:00am by Sandy Li

    ... Sandy Li Sweeteners fail to attract buyers Home sales during the Lunar New Year holiday nearly came to a standstill even though developers offered 'festival sweeteners' such as lai see packets to lure buyers. Henderson Land Development, Chinachem Group and Sino Land offered red packets of between HK$28,000 and HK$68,800 to home buyers during the festive period. ...

  7. Mainland government is opening skies for airlines

    Posted Sep 29th 2008, 12:00am by Andrea Li

    ... Andrea Li The Chinese government's grip over the country's aviation industry appears to be loosening as the Civil Aviation Administration of China (CAAC), the state body that has traditionally called the shots on many issues including the approval of airlines' licences and routing rights, is increasingly signing bilateral air agreements with other countries and opening up ...

  8. Midland to slash costs after interim profit dives

    Posted Sep 19th 2008, 12:00am by Sandy Li

    ... Sandy Li Property agent Midland Holdings says it will launch a series of cost-cutting measures after reporting a 29.57 per cent decline in interim profit. The firm said it would take the initiative to lower labour, materials and financial costs. It would also strictly monitor marketing and administrative expenses to improve cost efficiency for staff and value for shareholders. ...

  9. Dispute takes toll on shares of SHKP

    Posted May 24th 2008, 12:00am by Sandy Li

    ... Sandy Li HK$32b wiped off property giant's value Investor jitters over the power struggle at Sun Hung Kai Properties (SHKP) have helped to wipe more than HK$32 billion from ... Ms Hung said. 'There are other choices.' The chances the board would oust Walter Kwok, the eldest of the three Kwok brothers, were high, said Li Kwok-suen, a manager at Philip ...

  10. Property plays cheap despite fundamentals

    Posted Apr 28th 2008, 12:00am by Sandy Li

    ... Sandy Li Property developers Lee Shau-kee, the Kwok brothers and Li Ka-shing all made the same move after announcing their company results: they bought shares of their own firms heavily, ... bought HK$623 million worth of Sun Hung Kai Properties shares, while Mr Li paid HK$64 million for Cheung Kong (Holdings) stock over the past two months. Despite sound fundamentals for the real ...




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