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  • August 1, 2014
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  1. Rental sector is on the road to recovery

    Posted Sep 25th 2009, 12:00am by Alex Frew Mcmillan

    ... But Hong Kong is still one of the five most expensive cities in the world when priced per sq ft per year, according to a report from CB Richard Ellis, with Central District at US$150.42. ... now and 2013. But Hong Kong has little new supply. In a study by Colliers, Hong Kong ranks as having the most expensive office space in the world, in terms of occupancy cost. According ...

  2. James To admonished over rental blunder

    Posted Apr 08th 2005, 12:00am by Dennis Eng

    ... not prove he did so on purpose, Mrs Leung said. She also reiterated that it was not within the committee's powers to investigate whether Mr To had inflated his rental claims. Democratic Party ... space in Shamshuipo, expenses he was reimbursed for. The lawmaker should have declared his interest in the company to Yau Tsim Mong District Council. ...

  3. Investors again driving car rental market

    Posted Nov 24th 2010, 12:00am by Staff Reporter

    ... Neil Gough The mainland's car rental market is revving up for a fresh round of investment and expansion after an earlier rush into the sector left foreign investors sputtering at the starting line. Japanese conglomerate Mitsubishi Corp is the latest to enter the fray, paying US$20 million to form a joint-venture car rental company with Zhejiang's Cheeyo Auto Rental, media ...

  4. Rental income, property sales lift Wharf underlying earnings 86pc

    Posted Mar 24th 2010, 12:00am by Sandy Li

    ... Sandy Li Wharf (Holdings) has raised its final dividend by 45.45 per cent after reporting record underlying profit last year, driven by strong retail rental income, a sharp increase in mainland property sales and one-off disposal gains on investments. The firm, which owns the Harbour City shopping centre in Tsim Sha Tsui and Times Square in Causeway Bay, said underlying earnings ...

  5. Emperor Group pays record price for shop

    Posted Dec 22nd 2009, 12:00am by Peggy Sito

    ... the rental yield was as low as about 2 per cent, he said. 'It is seen as expensive at this moment, but there is rental growth potential in the area,' the source close to the buyer said. ... The unit is leased to luxury retailer Emperor Watch & Jewellery, a sister company of Emperor International, at a monthly rental of HK$1.4 million. Both companies are controlled by Albert Yeung ...

  6. Capitalists venture US$20m into mainland firm eHi Car Rental

    Posted Jul 13th 2009, 12:00am by Staff Reporter

    ... car rental company, eHi Car Rental. EHi said in a statement that it would use the proceeds to expand its fleet and increase its number of outlets nationwide. Ray Zhang, the company's ... in the mainland's highly competitive car rental sector. EHi, which was founded in 2006, received US$5 million from Qiming in May last year, and it is facing fierce competition from a host of rivals ...

  7. Timeplus mall to close despite offer to tenants of halved rentals

    Posted Oct 15th 2008, 12:00am by Sandy Li

    ... Sandy Li All the shops at Timeplus, a shopping centre near Times Square in Causeway Bay partly owned by Yu Ming Investment, will close by the end of this month. Forty per cent of the tenants declined to renew their leases even though rents had been halved ...

  8. Homebuyers face higher expenses on tighter rules

    Posted Jan 26th 2010, 12:00am by Sandy Li

    ... Sandy Li Responding to Beijing's alarm at the sharp rise in home loans and soaring property prices, some banks in major mainland cities have scaled back their preferential mortgage interest rates to 85 per cent of the benchmark rate from 70 per cent. ...

  9. Robust rental returns boost profits at Chinese Estates

    Posted Apr 12th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Developer shrugs off rate-rise impact on housing demand as economy recovers Rental income at property developer and investor Chinese Estates Holdings soared last year with the economic recovery. The group achieved an average 30 per cent rental increase on lease renewals at its commercial properties, which included Windsor House in Causeway Bay, Harcourt House and Mass ...

  10. Blockbuster sunk by pirates, say patrons

    Posted Jan 30th 2004, 12:00am by Peter Michael

    ... at the decision to shut the group's Hong Kong operations over the next 18 months. A company spokesman said operating costs and expensive shop rent were to blame. 'Customers can get a full refund if they still have money with their account after all shops are closed,' the spokesman said. 'Blockbuster will not seek buyers for the film rental chain but just want to end ...




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