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  • November 1, 2014
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  1. Business - Money - PROPERTY

    Chinese developers' Hong Kong back-door listing units fall out of favour

    Posted Oct 20th 2014, 04:56am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Mainland developers' plans to float themselves in the city dim hopes for massive asset injections HK back-door listing units fall out of investor favour ... then rose to HK$4 on September 17 last year on news that the company had injected mainland property assets valued at HK$14.17 billion into its Hong Kong-listed unit. They closed unchanged at HK$1.65 ...

  2. Property - International - UNITED STATES

    Sales of new homes in US jump 0.2pc to 6-year high

    Posted Oct 29th 2014, 05:28am by Reuters

    ... Reuters in Washington Sales of new homes climb to six-year high Sales of new single-family homes climbed to a six-year high in the United States last month, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Department of Commerce said sales rose 0.2 per cent to a seasonally adjusted annual rate of 467,000 units, the highest ...

  3. Property - Hong Kong & China - RETAILING

    Hard-hit small retailers in Causeway Bay seek short-term rent cuts

    Posted Oct 28th 2014, 05:25pm by Sandy Li

    ... unit selling expensive jewellery aimed at "tai-tais" and office women. "People are losing their appetite for shopping as they worry about their children who skip classes to join ... Place have reportedly banded together to request a rent cut from their landlord, Chinese Estates Holdings, which owns about 90 units. Chinese Estates was unavailable for comment. Retail tenants ...

  4. Property - Hong Kong & China - PROPERTY

    Official forecast of 74,000 new homes in Hong Kong hailed as a record

    Posted Oct 24th 2014, 01:59pm by Sandy Li

    ... developers could sell 17,000 units this year, the most since 2007. As of September 25, Midland Realty data showed developers had sold more than 11,800 units, 18 per cent more than the 9,986 units ... cent week on week to 129.83. The index has climbed 9 per cent this year, according to investment bank BNP Paribas. Of the projected 74,000 units, 60,000 are under construction and 5,000 have ...

  5. Property - International - KENYA

    Kenya eyes lower mortgage rates

    Posted Oct 29th 2014, 05:28am by Bloomberg

    ... of infrastructure coupled with the developers' need to make profits keep most homes out of reach for most Kenyans." Barclays' Kenyan unit charges the lowest rate for a mortgage, at 15.5 per ...

  6. Property - International - SPECIAL REPORT: PROPERTY MATTERS

    Investors should be cautious with bargains in US subprime markets

    Posted Oct 29th 2014, 05:28am by Peta Tomlinson

    ... for an iPhone 6. When houses in what is possibly the United States' most beleaguered property market are dirt-cheap, you have to wonder why. Nevertheless, bargain hunters have swooped on what has ... that went from bad to worse," says the CEO of the international property firm ONEILL Group. The buyer had purchased a package of 10 housing units, sight unseen, priced under US$30,000 each. ...

  7. Property - International - PROPERTY

    Chinese firm in talks to buy Australian property developer Meriton

    Posted Oct 29th 2014, 04:37am by Bloomberg

    ... to the end of June, up from 2,573 over the previous 12 months, according to company figures. It owns or manages about 2,200 units as long-term accommodation, and rents out 3,200 serviced apartments. ...

  8. Property - International - BRITAIN

    Fears of proposed 'mansion tax' hit prices of luxury property in London

    Posted Oct 29th 2014, 05:28am by Bloomberg

    ... valued at more than US$5 million. The owners would pay a 0.5 per cent surcharge at that level, which would gradually raise to 4 per cent for units valued at more than US$25 million. ...

  9. Property - Hong Kong & China - HOSPITALITY

    InterContinental shrugs off impact of China pressures

    Posted Oct 28th 2014, 09:47am by Sandy Li

    ... The group's plan to open 186 hotels over the next five years in the key China market remains unchanged. The market is the group's second-largest after the United States. The China expansion ...

  10. Business - Companies - EARNINGS

    Hutchison Harbour Ring profit dives

    Posted Oct 21st 2014, 10:29am by TIFFANY AP

    ... to the stock exchange on Tuesday morning. The company, a unit of Li Ka-shing’s Hutchison Whampoa, invests in commercial property in Shanghai. Its net profit in first nine months of 2013 was HK$149.5 ... Promising Land International and Uptalent Investments, is in talks with Shenzhen-listed developer Oceanwide Holdings to sell the units’ combined 71.4 per cent stake in Harbour Ring for between ...




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