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  • November 27, 2014
  • Last updated: 11:49pm
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  1. Property - Hong Kong & China - PROPERTY

    Okay goes online to fight cooling property market in Hong Kong

    Posted Jun 09th 2014, 03:31am by Sandy Li

    ... Sandy Li sandy.li@scmp.com New business model helps the real estate agency save on rental expenses while offering staff higher commissions as HK home sales slump 40pc Okay goes online ... operation. With rental expenses at a minimum, Okay.com is an online property agency that appears to have come out unscathed from a cooling market and has already secured investments from veteran ...

  2. Property - Hong Kong & China - EARNINGS

    Apex Benchmark attacks Midland management over record loss

    Posted Apr 02nd 2014, 05:47am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Real estate fund blames high rebate incentives and rental expenses for the realtor's record loss Apex attacks Midland over dismal results Real estate fund ... unreasonably high rebate incentives, huge increases in rental expenses and rising finance costs had dragged Midland into its biggest loss since listing in 1995. On Friday, the realtor posted a loss ...

  3. Property - Hong Kong & China - LEASING

    Retailers downsize as luxury sales slump

    Posted Jun 10th 2014, 03:37pm by Sandy Li

    ... on corruption. Tony Lo, head of the retail shops division at Midland Realty, said a survey by the firm indicated rental expenses of high-end retail brands had risen to 20.5 per cent of sales in the first ... rents to performance," Lo said. After adopting this strategy, he said, rental expenses for retailers selling cosmetics fell to 10.5 per cent from 11.4 per cent. "In response ...

  4. Property - Hong Kong & China - REAL ESTATE

    Midland chief Freddie Wong Kin-yip keeps mum on raising stake further

    Posted Apr 08th 2014, 01:09am by Sandy Li

    ... the WhatsApp messaging service and said it would reply after studying the proposal. Freddie Wong said a nearly 30 per cent increase in rental expenses last year, cited by Apex as one of the major ... rents, Wong said premises he owned accounted for just 1.7 per cent of the firm's rental expenses. "It was very minimal," he said. At the same time, he said the board comprised 11 ...

  5. Business - Property - BRICKS & MORTAR

    Investors viewed unfairly as speculators

    Posted Jun 04th 2013, 12:00am by Sandy Li

    ... for the purpose of capping its rental expenses. If it were to rent the 512,000 sq ft of office space at West Tower instead of buying the building, it would cost an additional HK$123 million per year, ... could easily cost HK$260 million a year. For a global corporation with plans to expand over the next two decades, this translates into HK$5.2 billion in rental expenses for the next 20 years ...

  6. Property - Comment - BRICKS & MORTAR

    Wong family finds way to safeguard property investments

    Posted Jun 03rd 2014, 01:31am by Sandy Li

    ... the company posting a record loss of HK$204 million last year, the firm's rental expenses jumped 30 per cent to HK$615.2 million. Wong's property investments remained unscathed ... Angela Wong Ching-yi, reaped a total of HK$16.5 million annual rental income by leasing 16 properties they owned to the listed company, according to the annual report for 2013. Of the total, 15 ...

  7. Property - Hong Kong & China - RENTS

    Weaker luxury sales to force down shop rents in prime districts

    Posted Nov 20th 2014, 12:02pm by Peggy Sito

    ... in Hong Kong," he said, while adding that such tenants would be more cautious about rental expenses. Lai said he expected asking rents would drop by 5 per cent to 10 per cent when leases were ... Peggy Sito peggy.sito@scmp.com Scaled-back expansion plans by luxury brands and cosmetics retailers expected to spur landlords of street shops to cut rentals by up to 10pc Weaker luxury ...

  8. Property - Hong Kong & China - PROPERTY

    Developers squeeze out tiny flats as home prices soar

    Posted Oct 20th 2014, 04:56am by Sandy Li

    ... income in her company's human resources department. "Rents are too expensive in Hong Kong," she said. "In Beijing, rental expenses were just about 10 per cent of my ...

  9. Property - International - SOUTH KOREA

    More South Koreans opting to lease as home values fall, pushing up rents

    Posted Sep 11th 2013, 12:00am by Bloomberg

    ... the supply of cheaper mortgages to spur homebuying, as well as adding to rental housing stock and giving tax breaks on rental expenses for low-income households. "Even people who can afford ... 34-year-old Kim, a marketer at a home-appliance company who's getting married this month. "This monthly-charge rental home was the only thing available." South Koreans like Kim ...

  10. Property - Hong Kong & China - PROPERTY

    Shop operators take the stairs to avoid high rents

    Posted Jul 12th 2013, 12:00am by Sandy Li, RACHEL BUTT

    ... floors in order to save rental expenses," she said. Mak's Noodle, well-known for its wonton noodles that have attracted the likes of celebrity chef Anthony Bourdain, moved its outlet ... for the 6,000 square foot outlet in Russell Street- the world's most expensive address for retailers- expires in September. The space in Russell Street had been leased to cosmetics retailer Sa Sa ...




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