• Sun
  • Dec 28, 2014
  • Updated: 6:17am

Property developers

Nan Fung finds ways to reduce construction costs

Donald Choi says Nan Fung Development wants to systematise construction procedures to increase productivity. Photo: Thomas Yau

Facing soaring construction costs and falling property prices, Nan Fung Development has had to adopt new strategies to maintain its profit margins.

Wednesday, 2 April, 2014, 6:33am

You don’t need to own a flat to improve your living environment

Donald Choi remains cautious on bidding for land. Photo: Thomas Yau

Donald Choi Wun-hing worked in the well-known architecture firm Foster and Partners for eight years before he joined Nan Fung Development, where he is managing director.

2 Apr 2014 - 3:00am

First-time homebuyers responding well to discounts

All 216 flats in the first batch at Trinity Towers were sold within four hours at discounted prices. Photo: Dickson Lee

The enthusiastic response to the sale of flats at Trinity Towers in Sham Shui Po at the weekend confirmed the existence of solid demand among first-time homebuyers, but the interest in homes requiring payment of a larger lump sum remained to be seen, agents said.

2 Apr 2014 - 3:08am

MTR invites developers to express interest in new phase at Lohas Park

The previous phase at Lohas Park was released for tendering seven years ago. Photo: Thomas Yau

MTR Corporation invited developers on Friday to express their interest in the new phase of its Lohas Park residential project in Tseung Kwan O.

The railway company will kick off the tendering shortly after March 26, the deadline for the expressions of interest.

21 Mar 2014 - 1:33pm

Skilled workers in short supply in Hong Kong's construction industry

A lot of infrastructure, such as the West Kowloon terminus of the high-speed rail line from Guangzhou, is being built. Photo: Bloomberg

Strong investment on the mainland and in Macau and a large amount of infrastructure work in Hong Kong have resulted in a growing shortage of suitably skilled labour and professional talent in Hong Kong's construction industry.

19 Mar 2014 - 5:01am

Developers in Singapore and on mainland also hit by falling margins

An agent speaks to potential buyers at a Sun Hung Kai Properties event. Developers are feeling the strain of labour costs. Photo: Reuters

The decline in profit margins at Hong Kong developers is not unique to the city, as property companies in mainland China and Singapore also face pressure from the rising cost of land, construction materials and labour.

19 Mar 2014 - 5:13am

Nan Fung denies new chief Antony Leung hired to gear up for relisting

Nan Fung Development managing director Donald Choi says company has no schedule for a public offering. Photo: Thomas Yau

Nan Fung Development managing director Donald Choi Wun-hing has poured cold water on rising speculation that the firm is preparing the city's first major real estate share listing since 2012.

13 Mar 2014 - 12:40am

Developers will hold flats rather than sell below cost, says Wheelock chief

Wheelock Properties chairman Stewart Leung. Photo: Paul Yeung

Stewart Leung Chi-kin has spent about 80 per cent of his more than five decades in Hong Kong’s property industry at New World Development. Since joining the company in 1970, Leung has helped former chairman Cheng Yu-tung turn it into one of the four biggest developers in the city.

12 Mar 2014 - 6:19am

No price war for Swire at Mount Parker Residences

The clubhouse at Mount Parker Residences. Swire is offering regular discounts. Photo: Jonathan Wong

Unlike rival luxury home developers with numerous large projects due for launch, Swire Properties won't be taking part in a price war. Prices at its completed residential project, Mount Parker Residences in Quarry Bay, could set a record in the district.

12 Mar 2014 - 2:53am

Hong Kong developers’ profit margins squeezed

In 2010, Wharf (Holdings) and Nan Fung Development paid HK$10.4 billion for a site in Mount Nicholson Road on The Peak. Photo: Oliver Tsang

Fat profit margins may soon be a thing of the past for Hong Kong developers as they get squeezed by falling home prices on one hand and soaring construction costs on the other, coupled with increased competition from mainland rivals that bid up land prices.

6 Mar 2014 - 11:25am

Private capital to continue to play a big role this year

Another block of apartments goes up in Beijing, where property prices continue to rise. Photo: Reuters

The private real estate capital markets experienced stronger momentum than their public counterparts last year, owing to the limited windows of opportunity for equity issuance and relatively low pricing offered by the public markets.

5 Mar 2014 - 3:32am

Strong bidding interest expected for luxury site in Ho Man Tin

The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets

The 83,033 sq ft site at the junction of Fat Kwong and Sheung Foo streets could fetch between HK$3.8 billion and HK$4.38 billion, according to four surveying firms polled by the South China Morning Post.

5 Jun 2013 - 4:40am

Analysts expect keen interest in Kai Tak sites despite rule only locals can buy flats

Developer interest remains keen in two residential sites up for tender in Kai Tak. Photo: ISD

Developer interest in two residential sites up for tender in Kai Tak this week is likely to remain keen, say surveyors, despite the condition that flats built on the sites may be sold to Hong Kong people only.

29 May 2013 - 3:21am

Tall problems force developers to put projects on hold

A redevelopment of part of Kowloon City is likely to be put on hold until what defines a house is determined. Photo: May Tse

This is shaping up to be one of the worst years ever for Hong Kong developers. The rules of the game in the property market have changed with the government's cooling measures running headlong into the market forces of demand and supply.

21 May 2013 - 4:10am 1 comment

Seven bids for Ocean Park hotel site

Revised tender for the proposed 495-room Ocean Hotel has attracted seven bids.

The revised tender for a hotel at Ocean Park, which could be worth HK$3.2 billion, has attracted seven bids, in contrast to its debut two years ago when it was withdrawn for lack of interest.

9 May 2013 - 5:45am