HK exports on course to shrink as confidence falls

The value of Hong Kong's exports this year is expected to fall for the first time in three years as the confidence level of local exporters slips to a new low, according to the Hong Kong Trade Development Council.

Tuesday, 18 September, 2012, 7:32am

Valuables stolen from offices in courier con

Next time a courier phones to say he can't find your office, think twice before you head out to the main entrance to collect the package from him.

Police are warning that burglars are using this ploy to sneak into offices in commercial and industrial buildings in eastern Kowloon, taking advantage of victims who leave their doors open when going to meet the bogus courier.

3 Sep 2012 - 4:20am

Housing minister warns against 'panic-buying' of flats

Budding homeowners should not panic and rush to buy new flats because supply will double in the coming years, the housing minister said yesterday.

Professor Anthony Cheung Bing-leung said the 10 measures announced by the government on Thursday to increase short-term housing supply would be enough to meet demand.

3 Sep 2012 - 4:20am

Hong Kong is having its worst year for listings in a decade

Hong Kong is having its worst year for listings in a decade

Around this time last year I wrote a preview of the IPOs expected to arrive on the Hong Kong market. It's telling that most of those same deals are still in the pipeline, twisting in some interminable pre-launch marketing limbo.

3 Sep 2012 - 4:58am

The week explained: cheap Hong Kong equities

It's not often that you can say Hong Kong is a cheaper option. Photo: Martin Chan

Sometimes Hong Kong investors are all too aware of the negatives and can't believe good news when they see it. However, whichever way you look at it, shares on the local bourse are pretty cheap. They are arguably among the best bargains in the world right now.

3 Sep 2012 - 2:03am

Government target of 20,000 homes in doubt due to limited land sales

Measures to increase the housing supply, announced by the government on Thursday, have had little effect on developers. Photo: Sam Tsang

Parcels of land offered for sale between April and December will only accommodate about 9,000 new homes, indicating that the government may fall short of its annual target despite fresh measures unveiled on Thursday to boost housing supply and cool the overheated property market.

1 Sep 2012 - 3:19am

September promises to be a big month of new flat launches

Four new residential projects together housing more than 2,100 flats will go on sale next month, despite the release yesterday of new government measures designed to make lower-priced homes more affordable and to cool the overheated property market.

31 Aug 2012 - 3:18am

HK flat sales dip as owners await price rises

Purchases of second-hand homes in Hong Kong slowed last week as owners withheld properties from the market in anticipation of further prices rises, according to property agents.

Some buyers were deterred from entering the market because of the recent strong price rises, the agents added.

29 Aug 2012 - 2:31am

HK stuck with outdated power deal, says energy adviser Raymond So

Raymond So became the energy committee's chairman in July.

Hong Kong is stuck with outdated rules governing the amount of profit that can be made by power firms, the government's new energy adviser says.

27 Aug 2012 - 5:59am

Kerry Properties profits from strong Hong Kong sales

Kerry Properties, a developer of upmarket real estate in Hong Kong and on the mainland, posted 10 per cent year-on-year growth in net profit to about HK$3.39 billion for the six months to June 30.

24 Aug 2012 - 2:47am

Home prices in HK record slight increase in first three weeks of August

Property price movement

Hong Kong's home prices continue to rise, though sales in some districts have started to slow amid concerns further policy measures may be introduced to curb resurgent demand.

22 Aug 2012 - 5:08am

HKMA chief Norman Chan Tak-lam braces for a global slowdown

Norman Chan says the property market remains red hot and the grip on mortgage lending cannot be relaxed. Photo: Dickson Lee

Norman Chan Tak-lam, the Hong Kong Monetary Authority's CEO, is cautious about risks related to the tough global economic conditions facing the city, as well as the local real estate bubble.

20 Aug 2012 - 5:37am

Flat frenzy sees sales up 60pc this month

Flat frenzy sees sales up 60pc this month

Home sales in the secondary market have surged 60 per cent this month, triggered by a buying frenzy across the board, with Midland Realty offering generous incentives to lure agents away from rivals to strengthen its sales team.

17 Aug 2012 - 5:53am

Modern Beauty shares take ugly 20pc tumble

Shares in Modern Beauty Salon Holdings slumped more than 20 per cent yesterday after the beauty services provider, which two months ago was expecting a significant profit rise, said net earnings for the last fiscal year actually declined.

29 Jun 2012 - 12:00am

Unfazed mainland firms plan IPOs in HK

Three mainland companies have signalled their intention to tap the Hong Kong stock market for funds through initial public offerings of shares, despite the volatile climate.

28 Jun 2012 - 12:00am