Ivan Tong

Warning as affordability ratio hits high

THE affordability ratio for residential flats in the New Territories has reached its record high, suggesting the market is more vulnerable than ever to unforeseen surprises, according to a report by S. G. Warburg.

Sunday, 3 April, 1994, 12:00am

Not whole pull-out tale

TO say that New World Development's recent retreat from its Beijing retail project was a result of China's credit crunch would make a splash - if that were the case.

This week, a New World official confirmed that the company had decided not to go ahead with the $700 million department store project in the capital's Xidan shopping district.

22 Jul 1993 - 12:00am

Boom and bust, then back again

HOW the current economic crisis compares with the events which led to the 1988-89 clampdown.

28 Jun 1993 - 12:00am

Fortei to raise $100m

SPORTS shoe and clothes wholesaler Fortei will raise about $100 million in its public share issue, to open sales outlets in major Chinese cities.

At a presentation yesterday, company officials said new shares representing 25 per cent of the firm's enlarged capital would be issued to public investors.

However, pricing details were unavailable.

17 Jun 1993 - 12:00am