Lai Sun Development

Mainland China’s economic growth top concern of investors

Lai Sun Development's Chew Fook Aun. Photo: David Wong

Malaysian accountant Chew Fook Aun, 51, joined the Lai Sun group in June 2012 to restart the investment engine of one of Hong Kong's oldest developers, which at the time was nearly dormant.

Wednesday, 5 March, 2014, 3:30am

Lai Sun returns to hotel business in Hong Kong

Chew Fook Aun sees a shortage of hotel rooms. Photo: David Wong

Years after it demolished two five-star hotels it owned in Central to make way for office projects, midsize developer Lai Sun Development is looking to re-enter the hospitality industry in Hong Kong.

5 Mar 2014 - 4:47am

Lai Sun mulls bid for hotel site at Ocean Park

Lai Sun Development deputy chairman Chew Fook Aun says the company will continue to expand its rental portfolio. Photo: May Tse

Lai Sun announced a 18.06 per cent drop in underlying profit, excluding property revaluation gains, to HK$117.9 million for the six months to January 31.

29 Mar 2013 - 4:16am

Lai Sun Development promises more partnerships

Ex-Sun Hung Kai Properties chairman Walter Kwok is in a joint venture with Lai Sun. Photo: Jonathan Wong

Lai Sun Development hinted yesterday that its partnership with Sun Hung Kai Properties' ousted chairman Walter Kwok Ping-sheung to develop a HK$6 billion residential project on a recently acquired site in Tseung Kwan O could be the beginning of more partnerships.

19 Dec 2012 - 2:37am

Lai Sun buys Tseung Kwan O waterfront site for HK$2.8b

Buyers are bypassing deals for homes and the transactions have fallen by half while deals for industrial property are up. Photo: Dickson Lee

Lai Sun Development made its first land acquisition in 18 years yesterday with a price that beat expectations in a housing market softened by recent government measures.

29 Nov 2012 - 3:46am

Lai Sun rules out price cut despite new property tax

Chew Fook Aun, the deputy chairman of Lai Sun Development, says the company will actively replenish its land bank. Photo: May Tse

Lai Sun Development has no plans to cut the prices of its new project in Yau Tong despite the 15 per cent additional stamp duty imposed on non-permanent residents and corporate buyers.

31 Oct 2012 - 3:17am

Lai Sun rises for real estate return

One of Hong Kong's long-established property developers has a message for the market: it's back.

5 Jul 2012 - 12:00am

Beijing urged to keep its foot on property brake

A top government think tank says the mainland should continue to impose strict austerity measures to curb property price growth, and suggests a 'soft landing' in the real estate market could be achieved next year.

10 Dec 2011 - 12:00am

SALES VALUE SOARS

Midland Realty has forecast that the sales value of first-hand properties in Hong Kong this year will reach a record HK$140 billion. The average price of first-hand properties has shot up 26 per cent year on year to HK$11.8 million. Properties on Hong Kong Island were the most expensive at HK$23 million, up 36 per cent, though Kowloon properties rose 39 per cent to HK$12.8 million.

11 Nov 2011 - 12:00am

Henderson Land profit soars 159pc

A big jump in sales from newly released projects helped Henderson Land Development to a 159 per cent increase in underlying profit to HK$3.428 billion for the six months to June 30.

The surge in underlying profit came as the company sold flats in completed projects such as 39 Conduit Road in Mid-Levels, Casa Marina in Tai Po, and The Beverly Hills.

26 Aug 2011 - 12:00am

Swire to go on a shopping spree

Swire Pacific, which sold its Festival Walk development in Kowloon Tong for a record-breaking HK$18.8 billion two weeks ago, says it is building a HK$25.4 billion war chest to expand its property business and acquire new vessels by 2015.

12 Aug 2011 - 12:00am

Fears over U.S. debt and Euro help lift sales

Fears over the economic outlook for the United States and Europe may boost the number of secondary homes sold in Hong Kong, as more sellers become willing to cut prices steeply.

9 Aug 2011 - 12:00am

Jinduicheng, ally trump rival bid for Yukon Zinc

Jinduicheng Molybdenum Group, the largest producer of a metal used to make steel, and a partner have offered US$98.9 million for Canadian mining company Yukon Zinc, trumping a rival offer.

2 May 2008 - 12:00am

In Brief

Harbin Power records 49pc increase in net profit

14 Apr 2008 - 12:00am

Lai See

Shedding some light on the executive power game

The most powerful executive is not always the highest paid.

Consider the case of power producer CLP Group chief executive Andrew Brandler, who was the highest paid director for seven years. He got a 10.8 per cent pay rise last year for a package of HK$15.4 million.

13 Mar 2008 - 12:00am

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