China Property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.

Hong Kong government needs to take steps in developing commercial office space

Hong Kong's skyscrapers gleam at sunrise as the government needs to take steps to develop commercial office space. Photo: Bloomberg

The political instability arising from the ‘Occupy Central’ protest that took place in the fourth quarter last year has prompted many multinational companies (MNCs) to rethink their operational strategy in Hong Kong despite the fact that business operations were largely u

Wednesday, 28 January, 2015, 4:00am

Hang Lung Properties in Hong Kong core profit up 98 per cent, revenue jumps 293 per cent

Ronnie Chan Chi-chung, chairman of Hang Lung Properties, emphasises a point as his company saw and revenues increase sharply. Photo: Sam Tsang

Hang Lung Properties saw its core profit increase 98 per cent to HK$10.02 billion last year, driven by a sharp increase in property sales.

Revenue from property sales of the company whose chairman is Ronnie Chan Chi-chung jumped 293 per cent to HK$9.81 billion, while property rental income gained 9 per cent to HK$7.21 billion.

26 Jan 2015 - 6:07pm

China’s ailing property sector to weigh on economy in 2015; GDP growth at slowest in 24 years

Shanghai's Pudong financial district at night. China's property sector is seen weighing on the economy in 2015 as GDP growth posted its slowest rise in 24 years. Photo: Bloomberg

Mainland China’s property investment grew 10.5 per cent in 2014, down from the previous year’s rise of 19.8 per cent, as record high housing inventories will likely weigh down real estate this year, exacerbating a slowdown in the wider economy that saw the economy grow at its slowest pace in almost a quarter century.

18 Apr 2015 - 6:10pm

Strong opposition seen to use land in Hung Shui Kiu for housing

Vacant land in Hung Shui Kiu where the government has proposed to use the land for housing. Photo: Handout

A pilot scheme to relocate existing industrial operators into multistorey buildings to free up land in the northwestern New Territories for housing development is expected to face strong opposition.

21 Jan 2015 - 7:46am 2 comments

Shenzhen blocks China Overseas Land sales

Shenzhen government has already blocked three other developers from selling their units. Photo: Bloomberg

Shares of mainland developer China Overseas Land & Investment fell nearly 4 per cent after a Shenzhen project built by the developer was blocked from sale by the city government.

The stock had tumbled as much 7 per cent when trading begun, the most since March 2013, before closing down 3.76 per cent at HK$24, at mid-day.

16 Jan 2015 - 12:43pm

Kaisa wins relief after HSBC issues waiver on HK$400 million loan

Shenzhen buildings are illuminated at night as the Kaisa Group based in the city won a reprieve when lender HSBC issued a waiver to the company over a loan. Photo: Bloomberg

Troubled mainland property developer Kaisa Group has won some breathing space in its battle to clear debts after HSBC said it would waive demand for immediate repayment of a HK$400 million loan after the terms of its issue were breached.

13 Jan 2015 - 4:31pm

Yuzhou Properties plots safe course in choosing a few cities with strong housing demand

Yuzhou Properties chief financial officer Chiu Yu-Kang poses after an interview in his office, saying he is not in a hurry to grow the company. Photo: David Wong


In his seventh year as the chief financial officer of Yuzhou Properties, a Xiamen-based developer listed in Hong Kong, Chiu Yu-kang is not in a hurry to grow it bigger, even though his firm had only contracted sales of 12 billion yuan in 2014, with numbers for the biggest players nearly 20 times larger.

14 Jan 2015 - 8:07am

Yuzhou Properties keeps focus on profits, shuns expansion

Yuzhou Properties chief financial officer Chiu Yu-kang poses beneath the logo of the company. Photo: David Wong

Small as it is, mainland developer Yuzhou Properties prioritizes maximizing profits rather than aggressive expansion, company chief financial officer Chiu Yu-kang said.

“The key is to buy cheap land and cut financing cost,” he told South China Morning Post in an interview.

14 Jan 2015 - 8:07am

Time to review Hong Kong conservation plan

The North Kowloon Magistracy in Hong Kong which was turned into a university is one of the examples of the success of a conservation programme in the city. Photo: K.Y. Cheng

The revitalization scheme created by the Hong Kong government in 2008 has been a rare case of success in preserving heritage in a city where development pressures grow stronger, experts say. But some six years after its launch and in spite of its positive achievements, they claim it’s time to move forward.

14 Jan 2015 - 8:07am 1 comment

Land buying in China’s first-tier cities could drag them out of property downturn soon

Newly built apartments dwarf a man fishing nearby in Beijing as land buying first-tier cities like the Chinese capital is seen staying strong. Photo: AFP

A spate of positive news and early signs of stabilisation of property sales have stirred up a land acquisition spree in first-tier cities of China where developers believe they will crawl out of the market downturn soon.

18 Apr 2015 - 6:19pm 1 comment

Shares in Li Ka-shing’s two main businesses jump after restructuring proposal

Hong Kong's richest man, Li Ka-shing, gestures at his press conference last Friday announcing his companies' reorganisation. Photo: Bloomberg

Shares in Hong Kong tycoon Li Ka-shing’s two principal business operations rose sharply yesterday on Monday after Friday night’s merger announcement.

12 Jan 2015 - 7:22pm

Chinese developers' bonds come under pressure after Kaisa misses payment

Mainland property companies may now find it harder to raise funds on the market following Kaisa's bond default. Photo: Reuters

Bonds of mainland developers will come under further downward pressure after Shenzhen-based Kaisa Group Holdings missed a deadline to pay a US$26 million bond coupon on its US$500 million bond issue, stoking investor worries about the creditworthiness of the companies, according to analysts.

12 Jan 2015 - 1:12pm

Dalian Wanda Commercial Properties shares flat on debut

Wanda Plaza in Kunming city, Yunnan province, is one of Dalian Wanda's projects affected by mainland slowdown. Photo: Imaginechina

Shares in Dalian Wanda Commercial Properties, controlled by Wang Jianlin, closed in the red on their market debut yesterday amid concerns over the outlook for the mainland property sector.

The initial public offering, raising about HK$28.8 billion, was Hong Kong's biggest this year.

24 Dec 2014 - 7:30am

Kaisa shares plunge more than 18 per cent as trading resumes

Shenzhen's city government has stopped processing sales at four Kaisa projects. Photo: Bloomberg

Shares in mainland developer Kaisa plunged more than 18 per cent when trading resumed on Monday following the sudden resignation of its chairman and confirmation over the weekend that four of its projects in Shenzhen had been blocked from sale, with an adverse impact on its cash flow.

22 Dec 2014 - 11:47am

Chinese investors target property assets abroad

The main thrust of Chinese overseas property investment has been in the gateway cities including New York. Photo: NYT

Some years after buying a flat in Guangzhou, mainlander Moon Wong made his first overseas investment this year, paying A$700,000 (HK$4.4 million) for a 900 square foot apartment in Sydney.

22 Dec 2014 - 7:26am