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  • November 1, 2014
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  1. Life on the waterfront gets more expensive

    Posted Sep 09th 2005, 12:00am by Denise Tsang

    ... leased briskly after their release in June. Launching 154 suites on the middle floors of the 60-storey building yesterday, the owner consortium has set a minimum rental of $35,000 a month ... suites on higher floors with better sea views saw a jump of 11 per cent. Justifying the high rentals, Mr Sit said the 519-unit property was equipped with unique facilities such as an all-seasons ...

  2. Midland to slash costs after interim profit dives

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

    ... 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. 'Some branches may be relocated from high rental premises to less expensive properties in the same neighbourhood, thus achieving substantial savings on respective branches' rental ...

  3. 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 ...

  4. HK industrial rents world's 13th most expensive

    Posted Mar 21st 2007, 12:00am by Peggy Sito

    ... Peggy Sito Hong Kong has risen one place to become the world's 13th most expensive city for industrial tenants as demand for space has surged on continued rising exports ... increasing container traffic and strong domestic economic growth. In the mainland, Beijing remains the most expensive city for industrial tenants, with rents rising 9 per cent last year to US$6.89 ...

  5. Mobile operators grow at expense of China Telecom

    Posted Feb 21st 2006, 12:00am by Georgina Lee

    ... Georgina Lee User base increases at China Mobile and Unicom as phone lines lose lustre China's two mobile operators recorded solid growth last month, unlike fixed-line giant China Telecom, which added fewer subscribers as mainlanders continued to rep ...

  6. Our expensive envoys

    Posted Sep 24th 2005, 12:00am by Albert Chen, Albert Cheng

    ... investment-promotion units overseas. This amount does not cover the payrolls and general office expenses of the overseas Economic and Trade Offices. InvestHK will spend $7.7 million this financial year to hire representatives in cities that are not already covered by such overseas missions of the Trade and Industry Department. The Tourism Board's overseas offices are equally expensive to maintain. ...

  7. Restaurant chain begins HK$165m IPO to fund push into new cities

    Posted Apr 07th 2011, 12:00am

    ... Jin Jiang International Hotels. Rental expenses amounted to 45.3 million yuan last year, representing 7.5 per cent of the total revenue, up from 31.9 million yuan and 7.1 per cent in 2009, ... in Hong Kong. 'The rent in Hong Kong is too expensive,' said Matthew Leung, chief financial officer of the restaurant group. 'Unless things change, opening a restaurant in Hong Kong ...

  8. Revaluation gain lifts Chinese Estates earnings

    Posted Aug 10th 2006, 12:00am by Sandy Li

    ... rental income dipped 5.1 per cent to HK$330.4 million due to the redevelopment of Tung Ying and Tung Sang buildings, the renovation of Excelsior Plaza and the sale of a substantial part of Chic Castle. 'Such a temporary reduction is believed to be worthwhile as the redevelopment and renovation will maximise the future rental value of the group's retail properties,' ...

  9. HK's inflation rate hits 7.9pc

    Posted Aug 23rd 2011, 12:00am

    ... especially concerning public housing. The administration waived public housing rentals in July 2010 in a one-off relief measure that also made this year's increase in housing costs appear more ... Kong faced deflation again.' 75% The jump in home prices since 2008, making Hong Kong one of the most expensive cities in the world. Experts are now predicting a drop ...

  10. HKMA may have bought offices in London, Paris

    Posted Jul 26th 2011, 12:00am

    ... the building was to be completed in 2004. Some legislators said the deal was too expensive, but HKMA said buying its own headquarters could save rental payments. Ten years on, rent at Two ifc is now ...




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