In a show of confidence in market prospects, Kerry Properties has paid HK$120 million for an industrial site in Tsuen Wan for residential development.Tuesday, 28 May, 2002, 12:00am
Name change to cost $2m
Hongkong (December 27): What's in a name?
As much as $2 million, according to one tenant of Hongkong Land's Union House.
The tenant said the change in name of Union House to Swire House could cost Hongkong Land, Swires and the other 200 tenants up to $2 million.23 Dec 2001 - 12:00am
Tradeport Hong Kong, the HK$500 million on-airport logistics facility to open early in 2003, has appointed a chief executive, and marketing initiatives will move into high gear after its sales conference in December, according to project sources.
The chief executive, who cannot yet be named, is to start at the company in January - just as the drive begins to secure clients.26 Oct 2001 - 12:00am
Earnings forecast for developers will be revised down 10 per cent this year as worsening unemployment and prolonged deflationary pressure probably will delay a recovery in home prices, according to SG Securities.26 Apr 2001 - 12:00am
Hongkong Land Holdings yesterday set a HK$6.38 billion syndicated loan to finance medium-term investment expenditure and refinance a portion of existing loans. The two-tranche loan has interest margins of 47 and 55 basis points over the Hong Kong interbank offered rate.9 Mar 2001 - 12:00am
Rentals from Hongkong Land's prime office development, 11 Chater Road in Central, will generate about 10 per cent of the company's income from SAR commercial properties.
Executive director of commercial property for Hong Kong, Raymond Chow, made this prediction yesterday based on a full occupancy of the building - due for completion in the middle of next year.6 Mar 2001 - 12:00am
Tradeport Hong Kong has won a contract to build a HK$530 million logistics centre at the Hong Kong International Airport.
Tradeport will design, construct, operate and manage the centre which will cover a 1.38-hectare site in the south commercial district of the airport.22 Feb 2001 - 12:00am
As many as 10 floors at the new 28-storey office tower at 8 Queen's Road Central were taken up by tenants during the launch last month - further evidence of the tightening office market in the central business district.29 Nov 2000 - 12:00am
Kerry Properties has agreed to sell a Mongkok commercial building for about HK$300 million, the third non-core investment property the company has sold this year.
Sources said the building, at 168 Sai Yeung Choi Street South, comprised 74,217 square feet of office and retail space.11 Nov 2000 - 12:00am
It is an unfortunate thing for Hongkong Land that it should have to share the general earnings woes of Jardines group companies, with a 21 per cent drop in interim profits just when its prospects have become much brighter.4 Aug 2000 - 12:00am