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  • August 28, 2014
  • Last updated: 4:19pm
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  1. Business - China Business - PROPERTY

    Logan Property core profit jumps by two-thirds as turnover rises 43pc

    Posted Aug 28th 2014, 02:18pm by Peggy Sito

    ... 43.4 per cent year on year to 4.78 billion yuan, while net profit, which includes property revaluation gains, soared 195.4 per cent to 1.28 billion yuan. Core net profit margin climbed to 14.2 ... contracted sales for the six months declined 4.3 per cent from the same period last year to 5.54 billion yuan. The average selling price for the first half fell 6.5 per cent to 7,045 yuan per square ...

  2. Business - Companies - PROPERTY

    Chinese Estates profit down 42.5pc

    Posted Aug 28th 2014, 03:47pm by Peggy Sito

    ... including property revaluation gains, dropped 45.19 per cent to HK$2.45 billion. The company had not completed a development in the first half of the year, which meant no significant profit ... was announced, compared with HK$1.30 a share in the first half of last year. The company’s net-debt-to-equity ratio was 29.9 per cent, against 39.9 per cent at the end of last year. ...

  3. News - Hong Kong - PROPERTY

    Hongkongers left flat by ever-rising apartment prices, survey says

    Posted Aug 28th 2014, 04:56am by Patsy Moy

    ... of those polled believed prices would continue to climb in the coming year, compared to 11 per cent who felt they would fall. Another 42.5 per cent thought prices would remain steady. Of the 37.3 per cent, or 275 people, who believed flat prices would soar in the coming year, a majority of 54.2 per cent forecast a rise of between 5 and 10 per cent. A fifth expected a rise of as much ...

  4. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... The island urgently needs the investment as its economic growth has slowed sharply to 8 per cent in the first half of this year from 9.9 per cent. Among all provinces, Hainan relies the most on real ... Back then, a piece of paper certifying land-use rights would allow investors to borrow from banks or sell it on to others for hefty returns, creating a property bubble that burst a few years ...

  5. Property - Hong Kong & China - PROPERTY

    Chinese finance firms target Central offices

    Posted Aug 18th 2014, 03:56am by Peggy Sito

    ... in the same period last year. "The size of mainland tenants will continue to grow gradually. Many landlords of Central office buildings now hope to attract mainland companies ... for more than 50 per cent of deals for more than 10,000 sq ft in Central so far this year, according to a Savills research report. The number is even higher for deals below 10,000 sq ft, said ...

  6. Property - Hong Kong & China - PROPERTY

    China property policies undergoing renovation

    Posted Aug 18th 2014, 03:56am by Langi Chiang

    ... housing speculation. In the past four years, 46 major cities imposed restrictions to make it harder for non-local residents to buy homes or for locals to purchase multiple homes. In 2010, the mainland's property market had shrugged off a brief downturn during the global financial crisis and home prices were soaring. Now, about half a year into a new correction, most of them have either ...

  7. News - China - PROPERTY

    Developer Socam rejects Beijing Jingda's writ accusing it of document theft

    Posted Aug 14th 2014, 03:04am by Sandy Li

    ... later it discovered that financial documents, account books and contracts were missing, it said. Without the records it could not process property titles and tax payments related to the project, ...

  8. Business - China Business - PROPERTY

    China Overseas Land’s contracted sales drop 45pc despite lifting of curbs

    Posted Aug 14th 2014, 09:37am by Langi Chiang

    ... volume fell to 646,100 square metres from 1.18 million square metres in June and 670,000 square metres in July last year. The state-owned developer kept its annual sales target at HK$140 billion. Core profit for the first half of the year jumped 33.7 per cent from the same period last year to HK$10.79 billion, the firm said in its interim report on Wednesday. Most mainland cities have ...

  9. Property - Hong Kong & China - PROPERTY

    Land sale attracts keen interest as developers bank on smaller flats

    Posted Aug 09th 2014, 04:11am by Yvonne Liu

    ... strong over the next three years. A small Ma On Shan residential site attracted 16 bidders, while a large commercial and residential site in Tsuen Wan got 11 bids. "The response was good. ... market peak in March last year to reach a record 124 points. The index reflects property price movements in 115 major luxury and mass housing estates from July 14 to 20. With the government ...

  10. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... is a record for the area. The mainland could start to impose a nationwide property tax in 2017 and, by the end of this year, the cabinet would submit a draft to lawmakers for readings and discussions, ... to other cities this year. The new leadership pledged earlier this year to speed up efforts to draft and pass a law on property tax. That is taken by some experts as a sign that Xi is not happy ...




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