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  • October 25, 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

    Biggest weekly gain in 9 months for US homebuilders

    Posted Oct 22nd 2014, 05:16am by Bloomberg

    ... in the United States had the biggest gain in almost nine months. The 11-member Standard & Poor's Supercomposite Homebuilding Index rallied 6 per cent since October 10, the largest weekly ... of the purchase price, two people with direct knowledge of the matter said. "That's good news," said Jeff Meyers, the president of Meyers Research, a homebuilding-consulting unit of Kennedy ...

  3. Business - Companies - PROPERTY

    MTR seeks expressions of interest for phase five of Lohas Park project

    Posted Oct 21st 2014, 12:16pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com MTR Corp has invited expressions of interest for a 1,600-unit residential development at phase five of its Lohas Park project in Tseung Kwan O. ... a public transport interchange. Vincent Cheung Kiu-cho, national director of Greater China at Cushman & Wakefield, expected bidding interest to be stronger than that for the tender of the phase ...

  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 - CONCRETE ANALYSIS

    Chinese investment push abroad to gain from simplified approvals

    Posted Oct 21st 2014, 06:16pm by Rico Chan, Bee Chun Boo

    ... by the ministry is now only required when the outbound investment is in a "sensitive" country or industry. This streamlining is in line with a regulation issued earlier this year by the National Development and Reform Commission. "Sensitive" countries and regions include those that do not have diplomatic ties with China or that are subject to United Nations sanctions. ...

  6. Business - Companies - OCCUPY CENTRAL

    Hong Kong developers deny pro-democracy protests will dent property profits

    Posted Oct 23rd 2014, 01:25pm by Sandy Li

    ... projects during the Occupy unrest but sales of our remaining units are still satisfactory," said Ng, whom is the chairman's son. "We have seen positive sales outcomes from other developers' new projects in past weeks." Victor Tin Sio-un, an associate director at Sino Land, said the firm would release 1,300 units in three projects for pre-sale soon. Separately, Hysan ...

  7. Property - Hong Kong & China - PROPERTY

    Pace of home price falls ease in China as market shows signs of stabilising

    Posted Oct 24th 2014, 11:00am by Langi Chiang, Daniel Ren

    ... an easing of policy. The month-on-month drop in average new home price across 70 cities monitored by the National Bureau of Statistics slowed by 0.2 percentage point, senior statistician Liu Jianwei ...

  8. 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 ...

  9. Property - International - BRITAIN

    London property market rebounds with prices rising again

    Posted Oct 22nd 2014, 05:16am by Bloomberg

    ... of the capital." Some reports have indicated a loss of momentum in the London market in recent months after prices surged more than 20 per cent in the preceding year, twice the national average, and Bank of England financial-stability officials took measures to prevent overheating. Shipside said demand is showing signs of slowing and may continue to weaken during the winter. Nationally, prices rose ...

  10. Property - Hong Kong & China - PROPERTY

    Developers squeeze out tiny flats as home prices soar

    Posted Oct 20th 2014, 04:56am by Sandy Li

    ... Kong, the world's costliest city to buy property. "I used to live alone in an 80 sq metre (860 sq ft) unit in Beijing," Kuang said. "I was shocked when my budget was only ... 165 sq ft, at its Mont Vert II development in Tai Po, two months after selling a 177 sq ft unit for HK$1.77 million at Mont Vert I. The 165 sq ft offering was one square foot smaller than one ...




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