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  • Oct 2, 2014
  • Updated: 1:13pm

Property Investor

Hong Kong property investors switch search to overseas markets

A growing number of Hong Kong property investors are shifting their investment focus offshore - prompting local brokers to widen their sales' lists in order to capture commissions on deals taking place overseas.

Wednesday, 15 May, 2013, 3:06am 1 comment

Investors dominate the Australian housing market

The value of home-loan approvals for investors rose 4 per cent in December from a year ago in seasonally adjusted terms, while mortgages for owner-occupiers fell 1.8 per cent in the same period, government data show.

13 Mar 2013 - 5:06am

Blackstone cashes up for more big mainland deals

Blackstone Group, the world's largest alternative asset manager, is on track to make big-ticket deals in Asia's property market. 

29 Oct 2012 - 7:24am

GOLD-FACE SELLS LONDON PROJECT

Property investor Gold-Face Holdings yesterday announced it had sold a London retail project for HK$295.2 million. The property, in the City of Westminster, comprises 23 retail and restaurant units totalling 37,000 square feet. The sale to Rosewheel would generate net proceeds of about HK$291.51 million and a HK$54 million profit, Gold-Face said.

18 Apr 2003 - 12:00am

Property investor surges on debt plan

Property investor Wah Tak Fung Holdings surged 16.67 per cent yesterday after announcing its long-awaited debt restructuring plan.

The counter hit 67 HK cents in early trade before closing at 63 HK cents, compared with 54 HK cents on December 12, its last trading day.

Wah Tak Fung was heavily traded, with HK$121.17 million worth of shares changing hands.

8 Jan 2002 - 12:00am

Easyknit proposes rights issue

Property investor and textile-maker Easyknit International has proposed a one-for-one rights issue to raise HK$88.2 million. The subscription price is eight HK cents, representing a discount of 27 per cent to last Friday's close. The company also has proposed to reduce the nominal value of its shares from 10 HK cents each to one HK cent.

7 Jan 2002 - 12:00am

Sales drop hits property developer

Property investor and developer Chinese Estates Holdings posted a 61.4 per cent drop in net profit to HK$69.1 million for the six months to June 30 as property sales slumped 86 per cent to HK$18.19 million. Turnover fell 43.9 per cent to HK$323.37 million. A HK$70 million provision was made for diminution in development property values and for an associate which suffered a loss.

29 Sep 2000 - 12:00am

Property investor in 27pc slide

Kowloon Development has reported a 27.14 per cent fall in net profit for last year to HK$177.63 million. The property investor's turnover declined 13 per cent to HK$344.19 million. It declared a final dividend unchanged at 16 cents while earnings per share dropped 27 per cent to 36.7 cents.

19 Apr 2000 - 12:00am

G-Prop revises swap deal again

Property investor G-Prop (Holdings), formerly Tung Fong Hung Properties, has again revised the terms of a share-asset swap deal involving money lender DC Finance (Holdings). The deal, which involves G-Prop selling properties to DC Finance in exchange for a 34.9 per cent stake of DC Finance, had consideration for the stake trimmed by $30 million to $348 million.

6 Oct 1998 - 12:00am

Nanyang profits dip slightly

Nanyang Holdings made an attributable profit of $31.1 million for the first six months to June 30, slightly down from last year's $36.6 million. The yarn manufacturer and property investor said its portfolio - which is mainly invested in North American equities - had been affected by the recent decline on Wall Street. No interim dividend was announced, the same as last year.

26 Sep 1998 - 12:00am

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