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  • October 22, 2014
  • Last updated: 12:13am
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  1. Business - China Business

    Property pays for some of the richest women in China, survey finds

    Posted Oct 21st 2014, 04:56am by Langi Chiang

    ... per cent to 44 billion yuan (HK$55.7 billion). Yang was followed by Chen Lihua, the chairman of Fu Wah International Group, whose wealth rose 8 per cent to 40 billion yuan. Fourth-richest Wu Yajun earned her fortune from Longfor Properties. She suffered a 7 per cent decline in wealth to 26 billion yuan. Despite falling sales and share prices, the property sector still accounted ...

  2. Property - Hong Kong & China - REGULATION

    Beijing beats Shanghai in property sales after policy relaxation

    Posted Oct 21st 2014, 05:07pm by Langi Chiang

    ... purchase restrictions. After the central bank’s easing in mortgage rules at the end of last month, Beijing announced that homes worth 2.81 million yuan (HK$3.5 million) in aggregate, or 23,760 yuan ... strict, and they often cannot borrow from banks Shanghai Deovolente Realty The new threshold, which is much higher than the previous mark of 17,280 yuan per square metre for homes in the same area ...

  3. Business - Companies - EARNINGS

    Sunac reports 21pc rise in first-half core net profit to 1b yuan

    Posted Aug 26th 2014, 10:15am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Sunac China, a mainland luxury-home builder, reported a 21 per cent year-on-year rise in core net profit to 1 billion yuan (HK$1.26 billion) in the first half, with its net gearing ratio down 3 percentage points from the end of last year at 66.7 per cent. Its revenue rose 5.9 per cent to 9.1 billion yuan, and net profit grew 8 per cent to 813 ...

  4. Business - Companies - PROPERTY

    Greenland Hong Kong sees surge in contracted sales

    Posted Oct 13th 2014, 02:33pm by Peggy Sito

    ... 9 billion yuan (HK$11.4 billion), representing a rise of 6.53 billion yuan from the corresponding period in 2013. The contracted gross floor area sold amounted to about 1.23 million sq metres, up more than 400 per cent. The average selling price was 7,377 yuan per square metre. Greenland Hong Kong completed the back-door listing after buying 60 per cent of the enlarged issued capital ...

  5. Business - Companies - RESIDENTIAL

    Redco wins Hefei site for 681.3m yuan

    Posted Aug 22nd 2014, 09:33am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Redco Properties bid 681.3 million yuan (HK$858.8 million) to win an 88,000 square metre residential development site in Hefei, the capital of Anhui province, at public auction. The small mainland developer, which focuses on second- and third-tier cities, said wholly-owned subsidiary Yantai Redco Development submitted the winning bid. The land ...

  6. Property - Hong Kong & China - PROPERTY

    Competition for cheap home loans seen crimping demand

    Posted Oct 13th 2014, 04:02am by Langi Chiang

    ... in Guangzhou fighting for the monthly lending quota of 1 billion yuan (HK$1.3 billion) from the local housing provident fund only have a slim chance of success. Such loans are much cheaper than ... the October 1-7 National Day holiday, but average prices rose 11.4 per cent to 25,451 yuan per square metre, according to data from consultancy Shanghai Deovolente Realty. In such circumstances, local ...

  7. Property - Hong Kong & China - STRATEGY

    Greenland Hong Kong outlines ambitious plans for city

    Posted Oct 14th 2014, 01:02pm by REN WEI

    ... with chairman Zhang Yuliang announcing a target of 10 billion yuan (HK$12.6 billion) in overseas sales for this year. Chen, who declined to disclose details on the company's first Hong Kong site, said Greenland Hong Kong would increase investments in the city over the coming years as it sought to achieve an annual sales target of 50 billion yuan by 2018. At the end of last year, ...

  8. Business - Economy - RESIDENTIAL

    Signs of stabilisation in China’s property market amid policy relaxation

    Posted Oct 21st 2014, 12:03pm by Langi Chiang

    ... China’s growth in gross domestic product, which fell to 7.3 per cent in the third quarter from a year earlier, the slowest pace in five years. Real estate investment of 6.9 trillion yuan (HK$8.7 ...

  9. Property - Hong Kong & China - LAND SALES

    Demand for land in first-tier mainland cities remains strong

    Posted Oct 15th 2014, 11:18am by Peggy Sito, Sophie Yu

    ... Land (China) and Beijing North Star have joined forces to secure a residential site in Beijing for 1.26 billion yuan (HK$1.59 billion). The two companies won the site in a joint bid ... of 109,346 sq metres. The land cost in terms of gross floor area is 11,523 yuan per square metre. Modern Land said it considered the acquisition a strategic move to boost its land reserve in Beijing, ...

  10. Property - Hong Kong & China

    Li-linked firm sells Shanghai building for 1.5b yuan

    Posted Aug 12th 2014, 10:53am by Yvonne Liu

    ... in Shanghai for 1.54 billion yuan (HK$1.94 billion), the Beijing Times reports. Singapore-listed ARA Asset Management is in talks with the city state’s Alpha Investment Partners to sell the building ... for 2.48 billion yuan to Sanpower in December. Through Cheung Kong, the property-based conglomerate he controls, Li owns a 7.84 per cent stake in ARA Asset Management. The largest shareholder ...




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