Real Estate Investment Trusts

The secret to successful flat sales in Hong Kong? Be crazy

Illustration: Martin Megino

What do James Bond, Elvis Presley and an Arab sheikh have in common? Justin Chiu Kwok-hung.

Saturday, 12 January, 2013, 4:02am

Strategies for beating the housing bust

Real estate investment trusts, or reits, are a good start for investors who are not wealthy to gain real estate exposure. But they are negatively affected by a property slowdown. Photo: Sam Tsang

Hong Kong has followed Singapore's lead in trying to curb its residential property market by diktat. It has imposed its first restrictions targeted at non-locals, charging non-permanent residents a special stamp duty of 15 per cent.

10 Dec 2012 - 6:07am

Asian reits a better bet than stocks, says report

Asian real estate investment trusts (reits) should be an essential component in a retail investor's portfolio, says a report by the Asia Pacific Real Estate Association (APREA).

21 Nov 2012 - 3:18am

Investors switch from offices to estate malls

Hong Kong property investors have shifted their focus from grade A offices and prime retail space to shopping malls in non-core locations in response to rising prices in the city's main commercial centres.

The shift of attention put Sun Hung Kai Properties' Tsuen Wan Shopping Arcade in the sights of investors, agents said.

11 Jul 2012 - 12:00am

Higher rents boost Link Reit half-yearly income

Shares in The Link Real Estate Investment Trust yesterday jumped to a 52-week high after it announced half-yearly net property income to September 30 jumped more than 15 per cent on the back of high rents.

10 Nov 2011 - 12:00am

Development bank proposed

Hong Kong should set up a development bank, a political party has proposed. Legislator Frederick Fung Kin-kee, of the Association for Democracy and People's Livelihood, suggested the government inject HK$10 billion into establishing the bank.

2 Dec 2008 - 12:00am

Shop operators up in arms over hefty rent rise

About 50 shop operators from Lok Fu Shopping Centre in Wong Tai Sin have protested against The Link Reit for increasing rents from HK$30 per square foot to as much as HK$130.

One demonstrator wore a vampire costume and broke rice bowls to depict The Link Reit as a bloodsucker.

20 Oct 2008 - 12:00am

Link feels yield pressure as income rises 11pc

The Link Real Estate Investment Trust posted an 11.1 per cent jump in annual income, but is still under pressure to lift rents faster at the former publicly owned shopping centres and car parks it now controls.

While analysts say the trust will continue to benefit from rental increases and improvement works, many voiced disappointment at the return to investors.

7 Jun 2008 - 12:00am

Link Reit hires Robins as new chief executive

The Link Management, manager of the Link Reit, announced Ian Robins, the former head of Macquarie Real Estate Asia, would succeed Victor So Hing-woh as chief executive.

Mr So will step down at the end of this month.

Mr So had decided to quit three months after chairman Paul Cheng Ming-fun resigned in January.

3 Nov 2007 - 12:00am

Few changes seen after Deutsche Bank raises Link stake

The fact that Deutsche Bank, the biggest financial institution in Germany, has become the largest investor in the Link Real Estate Investment Trust is unlikely to lead to any more shake-ups at Hong Kong's first and largest reit, analysts said.

13 Sep 2007 - 12:00am

Link rewards investors after surge in rents

The Link Real Estate Investment Trust plans to pay a higher dividend than promised at its initial public offering 18 months ago, as increased rental income buoyed Hong Kong's biggest property trust.

9 Jun 2007 - 12:00am

Profits come first

The Link Reit listing has sparked fierce controversy and numerous problems. Some shops and restaurants have been forced out of business because of the drastic rent increases or The Link Management's marketing strategy. Clinics have been forced to move to sites with fewer customers.

28 Apr 2007 - 12:00am

Link picks rent rise to asset sale

The Link Reit Management, which recently appointed Nicholas Sallnow-Smith as its chairman, plans to renovate more shopping centres and raise rents instead of selling its assets to boost returns, according to company sources.

21 Feb 2007 - 12:00am

Hopes - and fears - about The Link are overblown

Two events in the past two days do not bode well for commercial tenants in housing estates who turned out yesterday to protest against rent increases. The first is the resignation of Paul Cheng Ming-fun as chairman of The Link Real Estate Investment Trust with a year of his contract still to run.

31 Jan 2007 - 12:00am

New Link chief not to be feared, tenants told

The Link Reit's chief executive has sought to allay shop tenants' fears of rent rises a day after it was announced that outgoing Hongkong Land Holdings chief executive Nicholas Sallnow-Smith will replace Paul Cheng Ming-fun as chairman of the listed company.

31 Jan 2007 - 12:00am