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  • July 25, 2014
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  1. Property - Hong Kong & China - RETAIL PROPERTY

    Retail vacancies in Hong Kong soaring, but rents dip only slightly

    Posted Jul 25th 2014, 11:27am by Yvonne Liu

    ... it is only a beginning,” Wu said. “Unless there is a new policy to stimulate retail sales, the situation will become even worse after Chinese New Year in 2015.” While the retail market was booming and rents in first-tier shopping streets stayed high, Wu said, retailers would rent shops in second-tier streets at a higher rent so as to be present in the key shopping streets. But now, they would ...

  2. Property - Hong Kong & China - MARKETS

    Hong Kong homebuyers warned 'don't rush into the market- it's heating up'

    Posted Jul 21st 2014, 06:20am by Ernest Kao

    ... not agree with the amendment in principle as it only involves a few dozen non-permanent residents," Tsang wrote. Democratic Party lawmaker Wu Chi-wai, who put forward the amendment, said double ...

  3. News - Hong Kong - POLITICS

    Law to affirm double stamp duty passed, 17 months after levy came in

    Posted Jul 16th 2014, 04:15am by PHILE SIU, Ada Lee

    ... their old flat. Yet another amendment, put forward by Democratic Party lawmaker Wu Chi-wai to exempt public housing tenants who are not permanent residents and want to buy the flat they live in under the Tenants Purchase Scheme, was passed. Professor Chan told Wu there were only 60 such cases, many of them widows or children of dead Hong Kong tenants. Wu said that even so, ...

  4. Property - Hong Kong & China - LEASING

    Office rents grew fastest in Shenzhen, new SCMP-DTZ index shows

    Posted Jul 15th 2014, 03:33pm by Peggy Sito

    ... at the moment, companies seeking to establish a presence here have no choice but to establish operations in the mature Lo Wu and Futian office precincts," he said. This phenomenon was the main driver of rent increases in these districts, with Lo Wu gaining 9.6 per cent and Futian rising 4.7 per cent. Changsha in Hunan province took second place on the index, with an increase of 2.1 per ...

  5. Property - Hong Kong & China - STOCKS

    CR Land will ride out patch of weak sentiment, analysts say

    Posted Apr 29th 2014, 02:59pm by Langi Chiang

    ... director, Wang Hongkun, was detained, along with Wu Ding, the chief executive of China Resources Capital, immediately after the mainland's anticorruption authorities announced on April 17 ...

  6. Property - Hong Kong & China - ACQUISITIONS

    Developers’ caution in buying land could threaten local government finances

    Posted Apr 01st 2014, 03:36pm by Langi Chiang

    ... industry themes now," Longfor Properties chairman and founder Wu Yajun said at an earnings news conference last month. "We will exercise extra caution when buying land in the future, ...

  7. Property - Hong Kong & China - EARNINGS

    Longfor warns of profit squeeze after asset sales

    Posted Mar 22nd 2014, 01:30am by Langi Chiang

    ... per cent increase last year to 48.1 billion yuan. "We can ensure that new projects would carry a gross profit margin of 30 per cent or even higher," chairman and founder Wu Yajun ...

  8. Property - Hong Kong & China - EARNINGS

    Henderson Land turns positive after 26pc profit gain

    Posted Mar 21st 2014, 01:04am by Peggy Sito

    ... Cove phase one development in Wu Kai Sha and The Reach in Yuen Long. The group also sold or pre-sold an attributable HK$7.31 billion worth of mainland properties last year, up 12 per cent from ...

  9. Property - Hong Kong & China - EARNINGS

    Hopewell looks to surge in rents after profit plunge

    Posted Jan 28th 2014, 01:36am by Charlotte So

    ... properties. "The driving force for the second half will be from rental as the new rates in Wan Chai and Kowloon Bay both saw double-digit growth," managing director Thomas Wu Man-san said ... last June. Wu said he had been in talks with Hilton Hotel for the management of the 1,024-room hotel in Hopewell II. Hilton left Hong Kong in 1995 when the old Hilton hotel was torn down ...

  10. News - Hong Kong - PROPERTY

    'Deceived' investors want action after losing millions on mainland mall

    Posted Nov 22nd 2013, 05:23am by NG KANG-CHUNG

    ... any returns since the second half of the year. "It is sheer deception," the convenor of the Taishan Landmark Owners' Rights Concern Group, Francis Wu said yesterday. "When we bought the shop lots, the developers claimed the project was backed by the Taishan government and that some local celebrities also endorsed it," said Wu, who bought a shop for HK$1.1 ...




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