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  • November 24, 2014
  • Last updated: 12:34am
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  1. Property - Hong Kong & China

    Far East Consortium returns to Hong Kong to market with HK$20b to spend

    Posted Jul 04th 2014, 01:42am by Sandy Li

    ... Sandy Li sandy.li@scmp.com After absence of 10 years, developer is buying again with HK$20b war chest Far East returns with cash to spend Far East Consortium International has amassed HK$20 billion for its return to the Hong Kong property market as an increase in land supply for housing provides more opportunities for the mid-sized developer. "We have not participated ...

  2. Property - Hong Kong & China

    Midland calls for investigation into shareholder

    Posted Jun 27th 2014, 01:05am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Developer asks 'law enforcement agency' to probe remarks made by Apex Benchmark Midland calls for investigationinto shareholder Midland Holdings has asked a "law enforcement agency" to investigate Apex Benchmark for "bad mouthing" the firm, escalating a war of words between the family of Freddie Wong Kin-yip who heads ...

  3. Property - Hong Kong & China - PROPERTY

    Developers offer incentives to boost sales in Hangzhou

    Posted Jun 24th 2014, 05:58am by Sandy Li

    ... The price war between developers has even spread to second and third-tier cities nearby. "But most developers are providing incentives rather than plain discounts because they don't want ...

  4. Hang Lung may boost HK$40b war chest

    Posted Aug 01st 2009, 12:00am by Sandy Li

    ... Sandy Li and Cindy Shi Hang Lung Properties may raise its HK$40 billion budget for retail property investment on the mainland despite a 53 per cent dive in its underlying profit for the past full financial year as a result of selling only four flats in Ho ...

  5. Property stocks in decline as price war looms

    Posted Apr 09th 2009, 12:00am by Sandy Li

    ... Sandy Li and Fulton Mak Property stocks in Hong Kong plunged yesterday, as investors took profits following Shimao Property Holdings' share placement and a looming price war in Hong Kong. Shares of Shimao tumbled 12.73 per cent to close at HK$6.72 after the developer raised a net HK$1.93 billion from the placement by setting the price at HK$6.95 a share. Guangzhou R&F ...

  6. Mannings, Watsons in expensive price war

    Posted Aug 02nd 2003, 12:00am by Sandy Li

    ... A price war erupted yesterday between Hong Kong's two biggest drug store chains, with Mannings undercutting Watsons' prices by 20 per cent after its rivals had announced ... promotional activities were planned months ago and we did not know about our competitor's new campaign,' she said. 'We definitely do not want to see a price war.' But she said ...

  7. Promotions signal retail price war

    Posted Aug 04th 2003, 12:00am by Sandy Li

    ... a 'Lowest Price Guarantee' campaign last Friday aimed at sharply increasing its sales. But, in a surprise move expected to spark a price war, its main rival in Hong Kong, Mannings, owned ... this year and it knew nothing of its rival's plans. 'We definitely do not want to see a price war,' she said, stressing big discounts would only apply to selected products. Adrienne ...

  8. Hutchison Whampoa flags unlimited war chest in global retailing conquest

    Posted Jan 21st 2005, 12:00am by Sandy Li

    ... Sandy Li Conglomerate sets much store by its cash-spinning machine Hutchison Whampoa's retail arm has an unlimited budget for its push to become a major global retailer- a counterbalance to the group's loss-making 3G business. AS Watson managing ...

  9. Property - Hong Kong & China

    Potential buyers flood The Austin for discount offers

    Posted Oct 25th 2013, 03:23am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Potential buyers rush for discounts at The Austin The overwhelming initial response to New World Development and Wheelock Properties' discount strategy at joint-venture project The Austin Station has forced more developers to join the price war and fight for buyers in a depressed market. About 3,000 potential buyers signed up for the first batch of 185 ...

  10. Business - Companies - PROPERTY

    Rivalry fuels fears over price cuts

    Posted Oct 12th 2013, 12:00am by Sandy Li

    ... the market and finding the floor prices in the residential market," Leung said. She would not rule out the possibility that a price war could break out if more developers followed ...




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