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  • September 23, 2014
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  1. Powerlong builds land bank amid shopping mall push

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

    ... Daniel Ren Powerlong Real Estate Holdings has boosted its land bank by six million square metres in 10 mainland cities as the company leads a trend towards building shopping malls ... urbanisation drive and the company is looking forward to building more shopping malls in various cities to profit from the rapid economic growth,' he said during a signing ceremony at the weekend. ...

  2. Investors switch from offices to estate malls

    Posted Jul 11th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Hong Kong property investors have shifted their focus from grade A offices and prime retail space to shopping malls in non-core locations in response ... prices and yields, agents said. Hang Lung Properties was reported to have sold Laguna Plaza, the shopping mall in Laguna City, Kwun Tong, to investment fund CLSA Capital Partners for more than ...

  3. CapitaMalls in Suzhou tie-up with Chinese firm

    Posted Oct 01st 2011, 12:00am

    ... May Chan may.chan@scmp.com CapitaMalls Asia, a Singapore-listed shopping centre developer, has unveiled plans to build the biggest shopping and commercial office project in Suzhou. ... said, reflecting the slower economic growth on the mainland and globally. CapitaMalls Asia has 55 shopping centres in 35 mainland cities, of which 15 are under development. Lim also said ...

  4. Swire offers special payout after mall sale

    Posted Aug 19th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Swire Pacific is proposing a special interim dividend from the proceeds of its sale of shopping centre and office complex Festival Walk to reward shareholders. The conglomerate, with interests in property, aviation, and shipping, said it had completed the sale of its 100 per cent interest in the Kowloon Tong shopping mall to Mapletree for HK$18.8 billion- ...

  5. Swire to sell mall for HK$18.8b

    Posted Jul 30th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Swire Pacific says it will sell its Festival Walk shopping and office complex in Kowloon Tong for a record-breaking HK$18.8 billion, a move analysts say ... Festival Walk, which opened in 1998, comprises 980,089 sq ft of shopping space and 228,665 sq ft of office, as well as 923 car parking spaces. The HK$18.8 billion price tag represented an estimated ...

  6. Hang Lung presses on with plans for malls

    Posted Sep 01st 2005, 12:00am by Peggy Sito

    ... Peggy Sito Hang Lung Properties has accelerated its investment plans for the mainland, announcing the go-ahead yesterday for two new mega shopping centres, each costing two billion to 2.5 ... and Shanghai in the next three years but until today had announced only one project- a 1.5 million square foot shopping centre in Tianjin costing more than $2 billion. Mr Chan said plans to invest ...

  7. First-phase IFC Mall tenants face 10pc increase in rent

    Posted Jan 27th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Tenants who moved into the first phase of IFC Mall three years ago face an average 10 per cent increase in rent when they renew their contracts as property developer Sun Hung Kai Properties seeks to catch up with rivals in Central. Average rents at the mall ranged from $100 to $150 per square foot, SHKP leasing department general manager Lawrence Wu said. ...

  8. Shopping centres expect bonus-rich shoppers to boost sales

    Posted Feb 06th 2008, 12:00am by Sandy Li

    ... But business is back to normal now,' Ms Fung said. SHK Real Estate Agency lifted its promotional budget 20 per cent to HK$9 million at 11 of its shopping centres, including Tai Po Mega Mall ... Sandy Li Shopping centre operators are looking forward to record-breaking sales for the Lunar New Year holiday this week as consumers spend big after pay increases and year-end bonuses, ...

  9. Shopping centres eye double-digit sales rise

    Posted Jan 27th 2010, 12:00am by Celine Sun, Paggie Leung

    ... apm mall in Kwun Tong, operators plan to organise 30 themed shopping tours, such as 'wedding tours', 'property purchasing and shopping tours' and 'hotel guest shopping ... Celine Sun and Paggie Leung Shopping centre operators in the city are forecasting double-digit sales growth over the Lunar New Year to be fuelled by mainland tourists continuing ...

  10. SHKP expects 20pc rental rise at apm

    Posted Jun 07th 2012, 12:00am

    ... brisk sales since January. Maureen Fung Sau-yim, SHKP leasing department general manager, said the apm shopping mall next to Kwun Tong MTR station would reach targeted sales of HK$1.38 billion ... edge, the developer planned a HK$100 million facelift for the six-year-old shopping mall in the wake of the government's announcement it would redevelop East Kowloon into the city's ...




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