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  1. HK$8m for New York flat that doubles as hotel room

    Posted Apr 06th 2011, 12:00am

    ... Sandy Li Apartments in Trump SoHo, a hotel-condominium complex in New York, are being offered at discounts of up to 25 per cent to buyers in Hong Kong and on the mainland. Around HK$8 ... River, the Statue of Liberty and the city of New York, and furniture by Italian design company Fendi Casa. Leung said one-third, or 115 of the apartments, had been sold to buyers from South ...

  2. ICBC secures clearance to open first US branch in New York

    Posted Aug 07th 2008, 12:00am by Staff Reporter

    ... on Chinese-American investment and trade. 'Our New York branch will facilitate trade and other business activities between China and the US by providing wholesale banking services from both countries,' said Wu Bin, the chief representative of the New York branch. Under US federal law, deposits at the branch will not be government-insured, so the branch will cater primarily to businesses, ...

  3. Listing is the ultimate goal

    Posted May 06th 2006, 12:00am by Chris Davis

    ... from top management to shop floor employees. Mr Lee said the time required to do this from scratch could make preparing for a New York listing much more burdensome. The infrastructure must ... began to raise funds from stock markets in 1993 and Hong Kong has usually been the first port of call. Although exchanges in New York, London and Singapore are competing for this business, Hong ...

  4. Digest

    Posted Mar 21st 2012, 12:00am

    ... Outlook for HK market among the gloomiest Hong Kong's property market outlook is among the gloomiest in the first quarter, according to a study of 10 cities by IP Global. London, New York and Kuala Lumpur are the most promising amid strong sales, weak prices and positive economic growth. It expected property prices in Hong Kong to continue falling by up to 15 per cent ...

  5. Conduit Road residents force sale under new rule

    Posted Jan 31st 2011, 12:00am by Sandy Li

    ... 7.4 per cent lower than in Hong Kong, and New York 15 per cent cheaper than London. Out with the old It is now easier for residents of 50-year-old buildings to sell up The sale threshold ... Holdings had sent a proposal to all owners at Arts Mansion to acquire the building in a 'flat for flat' trading scheme, offering owners a new flat in the new development. Since the site ...

  6. Rich get richer on new time deposit rates

    Posted Aug 12th 2005, 12:00am by Staff Reporter

    ... Maria Chan Small depositors are once again losing out to those with larger deposits, as several leading lenders shift more aggressively towards a tiered deposit structure that rewards the 'haves' and penalises the 'have-nots'. Most leading banks yesterday adjusted their time deposit rates. HSBC and Hang Seng Bank lifted rates for most levels of deposits below $1 million ...

  7. HSI's Lunar New Year start fourth-best since '98

    Posted Feb 18th 2010, 12:00am by Nick Westra

    ... on an overnight rally on United States and European markets. Wall Street jumped the most in three months after reports of a sharp improvement in New York's manufacturing data. 'As markets enter ... The local market may have been boosted yesterday by the so-called Lunar New Year effect. The Hang Seng Index has risen on the first trading day in seven of the past 12 new years, averaging a 1.5 per ...

  8. TIME for caution

    Posted Dec 23rd 2011, 12:00am

    ... has become more active, with 811 registered sales in October and 1,184 last month. 'The activity contraction has been very serious this time. The situation is even worse than what ... well in comparison. Developers released several new projects for sale. Cheung Kong, Sun Hung Kai Properties and Sino Land are among the biggest property sellers. The largest developments put ...

  9. Taxing times for mainland oil firms

    Posted Oct 13th 2011, 12:00am

    ... set at US$40 per barrel. Sinopec president Wang Tianpu, however, did not provide a timeline for the new policy. 'You can hardly say it is a windfall tax as the benchmark is so low ... a counter measure to offset the higher tax imposed on oil companies. A new resource tax, equal to 5 to 10 per cent of sales revenue instead of a previous quantity-based calculation, is set to cut ...

  10. Jail time for flat sellers who lie

    Posted Sep 27th 2011, 12:00am

    ... on the proposed legislation at a media briefing today. The committee, which has been working for almost a year on a law to regulate the sale of new flats, met for the last time yesterday. As a reference ... things that may not have been accurate,' Lee said. As an example of the proposed new law, he said, 'a developer will commit an offence if he says an overseas merchant has bought its ...




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