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  1. Construction costs in HK levelling off, study shows

    Posted Nov 18th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Tender prices for construction in Hong Kong have begun to level off after undergoing a sharp fall from the fourth quarter of last year, the latest survey of the sector by Rider Levett Bucknall shows. The property and construction consulting firm's Tender Price Index for construction declined just 1.53 per cent in the second quarter of this year, compared ...

  2. Abundant land supply key to mainland property prices

    Posted Nov 18th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The mainland's property markets have become popular investment targets for investors from around the world and both developers and analysts warn that they should bear in mind that a plentiful supply of land in the country could have a bearing on the future price performance of property assets. Brokerage CLSA interviewed major players in both the Hong Kong ...

  3. Two Tai Po waterfront sites to go on the block

    Posted Nov 19th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Two luxury residential sites on the Tai Po waterfront were triggered for auction yesterday - the first large-scale land sale in two years. Surveyors estimated the sites might fetch up to HK$12.4 billion, giving a residential floor area of HK$9,000 per square foot. The price per square foot would be 38 per cent higher than that for two nearby sites sold ...

  4. CTI earnings soar 70pc on fixed network services business

    Posted Nov 06th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu City Telecom (CTI), Hong Kong's second-largest broadband service provider, reported yesterday its full-year net profit surged 70 per cent, mainly on strong growth in its fixed telecommunications network services unit. Net profit for the year to August rose to HK$213 million from HK$125 million in the previous year, while turnover grew 13.4 per cent to HK$1.48 ...

  5. Sales drop 12pc on rate concerns

    Posted Sep 23rd 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The number of sales recorded at key private housing estates dropped 12 per cent last week and agents said this was because of concerns that banks might be poised to raise mortgage rates. A total of 390 deals were done from September 14 to 20 in the 50 major housing estates monitored by Ricacorp Properties, compared with 444 deals a week earlier. The average price ...

  6. Builders in rush to beat new rules

    Posted Sep 23rd 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Developers are in a race to win approval for ambitious building projects before the government resumes a campaign to lock in tighter planning restrictions over building heights and densities. Opinions on tighter development controls differ widely and an accelerated campaign by the government last year that saw stricter controls introduced in 13 districts won wide applause from ...

  7. Galaxy Entertainment swings to HK$1b profit after debt buyback

    Posted Sep 19th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Casino operator Galaxy Entertainment Group recorded a net profit of HK$1.06 billion in the first half thanks to gains from a debt buyback and cost control, after reporting a loss a year earlier. Earnings before interest, tax, depreciation and amortisation (ebitda) surged 91 per cent to HK$507 million for the six months to June, compared with HK$242 million ...

  8. K Wah profit drops 38pc despite surge in revenue

    Posted Sep 18th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Mid-tier developer K Wah International Holdings suffered a 38.2 per cent drop in net profit to HK$155 million in the first half due to a revaluation of investment properties. Turnover rose 52.1 per cent to HK$1.09 billion for the six months to June, thanks to an increase in property sales which saw revenue surge 66 per cent to HK$1.03 billion from HK$620 million a year ...

  9. HK$24.5m for one-bedroom flat sets record

    Posted Sep 15th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu A one-bedroom flat in a luxury development in Tsim Sha Tsui has fetched a whopping HK$30,025 per sq ft, setting a record in Hong Kong. A Hong Kong businessman who owns a trading firm has paid HK$24.5 million for an 816 sq ft flat on the 56th floor of The Masterpiece for his own use, according to Centaline Property Agency, which concluded the deal. The price is a record ...

  10. Soho on track to achieve 10b yuan sales target

    Posted Oct 26th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Strong demand for office and retail space in Beijing is driving prices steadily higher and will help developer Soho China reach its contract sales target of 10 billion yuan (HK$11.35 billion) this year, according to chairman Pan Shiyi. 'Sales are exceeding our expectations. We have been raising our asking prices by 1 per cent every 20 days for the past few months, ...




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