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  1. Tseung Kwan O serviced apartments 'a trend-setter'

    Posted Aug 01st 2012, 12:00am

    ... Sandy Li sandy.li@scmp.com Sun Hung Kai Properties believes its latest upmarket serviced apartment project in Tseung Kwan O will set a new benchmark for rents in the area. Located above the Tseung Kwan O MTR station, the 176-unit serviced apartment tower Vega Suites will be launched this month for monthly rents of between HK$45 and HK$50 per square foot. The project is located ...

  2. Service, sure hands set Hang Seng apart

    Posted Apr 14th 2008, 12:00am by Enoch Yiu

    ... and T.L. Sheng has gone a long way. Just as Hong Kong has grown from a small fishing village into an international financial centre during the period, Hang Seng has become a full-service financial ... HK$10,389 in the first year of operation. An investor who bought 100 shares at HK$100 per share in 1972 when the bank first went public, would now hold HK$13.19 million. 'Services quality ...

  3. Serviced apartments take off

    Posted Jun 13th 2007, 12:00am by Peta Tomlinson

    ... Kong and overseas- the idea of merging a hotel room with a regular apartment has finally come into its own Down Under. The Tourism & Transport Forum Australia said that serviced apartment ... buildings, many serviced apartments can be bought by offshore investors. They offer the allure of having your own apartment in an exotic or prime city location, often with owner privileges, ...

  4. USI plans mainland serviced apartments

    Posted Jun 01st 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu USI Holdings, a property and apparel firm, plans to develop four high-end serviced apartment projects in the mainland in the next two years, according to executive director Dennis Au Hing-lun. The developer has built two serviced apartment projects in Shanghai and Beijing with its serviced apartment brand name Lanson Place. The four new projects are expected ...

  5. Serviced apartment market gains strength

    Posted Nov 21st 2007, 12:00am by Sandy Li

    ... Sandy Li Lower entrance costs, higher returns and fewer regulations attract foreign investors The mainland's serviced apartment sector is on a strong growth path and the lure of lower ... new serviced apartments would come on the market in Beijing over the next three years and 3,300 more apartments would be released in Shanghai over the next five years. Foreign investors ...

  6. Apartment service well timed

    Posted Mar 02nd 2008, 12:00am by Enoch Yiu

    ... line of business. So in 2002, he shut down his factory in Dongguan and spent HK$70 million to set up a serviced-apartment business- home2home. He now runs three serviced complexes- Ovolo ... He plunked down HK$50 million for the building and spent another HK$20 million turning it into a stylish block of serviced apartments. 'When I was a watch manufacturer, I used to travel ...

  7. China's cities lure serviced apartment giant

    Posted Apr 05th 2006, 12:00am by Staff Reporter

    ... This has spurred demand for the 12,000 serviced apartments in Shanghai, which had an expatriate population of about 112,000 last year. The units enjoyed a healthy occupancy rate of 89 per cent ... Foster Wong Singapore's Ascott Group plans to double its portfolio in the mainland by 2010, with a focus on key and developing business hubs The Ascott Group, the biggest serviced ...

  8. Competition heats up in boutique apartment sector

    Posted Jan 24th 2007, 12:00am by Peggy Sito

    ... serviced apartments has prompted industry players to increase spending on marketing and refurbishing their properties in a bid to maintain their status. Wharf (Holdings) plans to spend HK$20 ... serviced apartments project, in terms of quality, but it has been compared with newly completed Four Seasons Place, which has had a lot of publicity over the past year. 'The market ...

  9. Short-stay apartments outperform rented flats

    Posted May 18th 2005, 12:00am by Kenneth Ko

    ... Reports by Kenneth Ko Strong rally driven by influx of expatriates demanding flexible lease agreements LEASING ACTIVITY FOR serviced apartments has outpaced the conventional residential ... 90 per cent and the rental rally is gaining momentum. According to CB Richard Ellis, average rents for standard serviced apartments rose 4.9 per cent in the first quarter, while those ...

  10. Serviced flats group sets sights on Macau

    Posted May 04th 2005, 12:00am by Staff Reporter

    ... Foster Wong Shama Group, a relatively new boutique serviced apartment operator in Hong Kong, plans to invest up to $200 million to expand into Macau. The private company, seeing boom times ahead for the neighbouring SAR, is in talks to build a block of 100 serviced apartments by 2007 and expects to seal the deal this year. 'We see Macau as a very natural step for Shama. ...




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