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  • September 19, 2014
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  1. Sharp rise in profit at property company

    Posted Mar 07th 2011, 12:00am by Ana Wang

    ... and objectives, Sun said. Looking ahead, Sunac China Holdings plans to purchase prime land and continue to develop the sales of large, high-quality integrated residential and commercial properties ... proceeds from the presale and sale of properties, borrowings from commercial banks and other parties, capital contributions from shareholders, and new share issuances,' Sun said. 'Since ...

  2. HK's property market has gone 'crazy'

    Posted Mar 17th 2010, 12:00am by Staff Reporter

    ... of the market, and 15 per cent for mass residential property. These are strong showings when real estate markets around the world are still struggling to move into positive territory. The fervour is extending to both ends of the scale. After strong sales at its Yoho Midtown development in Yuen Long, developer Sun Hung Kai Properties paid HK$3.4 billion for a mass-residential site in Tseung Kwan ...

  3. Property giant has no plans to cut staff, bonuses

    Posted Nov 21st 2008, 12:00am by Sandy Li

    ... Sandy Li Sun Hung Kai Properties, Hong Kong's second-largest developer, says it has no plans for layoffs and staff will receive their year-end double pay and bonus next month. Asked ... the group would release its residential project Peak One, in Sha Tin, next week. Faced with falling prices in the secondary market, he said the group would take into account current market ...

  4. Hundreds to lose jobs in property agencies

    Posted Oct 15th 2008, 12:00am by Peggy Sito

    ... Fulton Mak and Peggy Sito Hong Kong property agencies are laying off hundreds of staff as the real estate market feels the effects of the global financial crisis. Property agents said banks' conservative attitudes on valuations and mortgage approvals were further denting the market. Centaline Property Agency chairman Shi Wing-ching, who recently claimed the local property ...

  5. City still ahead of property curve

    Posted Mar 26th 2010, 12:00am by Alex Frew Mcmillan

    ... Alex Frew McMillan Commercial property in Hong Kong has not enjoyed the bullish rebound seen in the city's residential property market. Landlords had their asking prices beaten down ... or buyer's market to one that favours owners. Hong Kong is at the leading edge of the commercial property cycle, according to brokerage Colliers International, together with places such as Chengdu. ...

  6. Ah Pak

    Posted May 27th 2009, 12:00am by Sandy Li

    ... happier lending to property buyers rather than to small and medium-sized enterprises.' Homebuyers came first in the loan queue, the banker added, because it was easier to process a mortgage ... release of a new residential project, Lake Silver in Wu Kai Sha. Given lenders' enthusiasm for granting home loans, the banker predicted that another mortgage rate war was in the making after ...

  7. Central office rents to fall by half, says Merrill

    Posted Oct 30th 2008, 12:00am by Yvonne Liu

    ... or potential business closures,' Merrill said in its latest property report. Previously, the firm had said it expected office rents to drop by 25 per cent to HK$72 per sq ft by the end of next ... of 1997/98 and outbreak of severe acute respiratory syndrome in 2003. It also believes residential prices will drop by 20 per cent between now and the end of next year, while retail rents will drop ...

  8. Lai Sun revisits proven strategy

    Posted Nov 22nd 2004, 12:00am by Peggy Sito

    ... Peggy Sito Having learned a hard lesson, the firm will focus on more modest projects Embattled property developer Lai Sun Development has gone back to basics, with a strategy that will focus on turning industrial sites into residential developments. 'We did a pretty good job in buying old or industrial properties and redeveloping them into residential redevelopments ...

  9. Rail schedule delays developments

    Posted Aug 13th 2003, 12:00am by Sophia Wong

    ... with about 200 rooms, a 30,000-square foot retail podium, and more than two million square feet of residential space. Centaline Property Agency senior research and marketing manager Wong Leung-sing ... Postponed Sha Tin-Central link will affect residential sales A consortium led by Wharf (Holdings) is to postpone work on its residential-hotel-retail development of two million square foot ...

  10. Emperor sales to be booked in 2012 year

    Posted Nov 26th 2010, 12:00am by Yvonne Liu

    ... Emperor International Holdings has generated HK$1.9 billion from property sales so far this year but will only book them in the next financial year. The company launched its Harbour One ... at The Java have been sold at an average HK$12,500 per square foot. The revenue from property sales will be improved next financial year, compared with a loss of HK$70.95 million from property ...




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