Sandy Li

Mainland home sales highest since 2009 on falling interest rates

Buoyed by an overall improvement in sentiment and two interest rate cuts this month, home sales across the mainland have risen to a three-year high.

Saturday, 28 July, 2012, 12:00am

Worried homebuyers stay on sidelines

The euro-zone crisis, volatile markets and slowing mainland growth are taking a toll on the property market in Hong Kong.

As the number and value of property transactions slump to four-month lows, would-be homebuyers are becoming increasingly worried prices are due for a correction.

5 Jul 2012 - 12:00am

Chinese Estates' core earnings slump 89pc

Chinese Estates reported an 88.7 per cent dive in core earnings last year due to a HK$1.24 billion loss from selling investment securities.

The drop came despite higher property development and rental earnings.

17 Mar 2012 - 12:00am

HK homebuyers beat mainlanders to discounts

The proportion of new small and medium-sized homes in Hong Kong bought by mainlanders dropped 11 percentage points in the last quarter of 2011 as developers offered discounts to draw more Hong Kong home seekers into the market, a survey conducted by Centaline Property Agency shows.

8 Feb 2012 - 12:00am

Developer taps HK market - for a price

Small mainland developer Kai Shi China, which owns two residential projects near Dalian, is tapping the Hong Kong equity market as it battles rising interest rates and tightening credit conditions in its home market.

30 Dec 2011 - 12:00am

Zhongshan sets price limit for home sales

Zhongshan, in Guangdong province, yesterday suspended the registration of homes sold at or above a set limit, effectively cancelling the sales.

The suspension, on sales of 5,800 yuan (HK$7,112) per square metre or above, is another example of local governments following Beijing's directive to curb the rise in property prices. Without registration, no sale can go through.

11 Nov 2011 - 12:00am

Property stocks fall on sales and debt fears

Mainland property stocks fell across the board yesterday as investors feared that declining property sales and higher debt ratios could hit cash flows, especially if Beijing tightened credit further.

13 Sep 2011 - 12:00am

New name for ambitious Shui On as it embarks on a new direction

Shui On Construction and Materials aims to double its after-tax profit to HK$1.8 billion by 2014 as it reinvents itself as a mainland property developer.

It plans to do this by investing in 'special situation' projects, such as distressed assets, and building 'integrated knowledge' communities on the mainland.

8 Sep 2011 - 12:00am

Asia Pacific office rents show strongest growth

Despite growing global economic uncertainty, average office rents worldwide rose faster in the second quarter than in the first thre months of the year thanks to growth in the Asia Pacific.

24 Aug 2011 - 12:00am

Country Garden interim profits jump by 62pc

Hong Kong-listed Country Garden Holdings, which reported a more than 62 per cent jump in interim profits yesterday, said it would speed up buying of land since government moves to cool the property market would create more acquisition opportunities.

17 Aug 2011 - 12:00am

Little bit richer, not much happier

Paying off the mortgage on a home bought last year would eat up an ordinary Hong Kong family's entire income for 10 years without allowing for any other expenditure.

In a city where people are suffering less disease and less pollution, 2010 was nevertheless the toughest year in almost a decade for buying a place in which to live.

5 Aug 2011 - 12:00am

Getting a foot in the door tougher

For many young couples, the dream of owning a new one-bedroom flat in an urban area appears to be growing more distant than ever - even though the government has warned it would impose more measures to rein in soaring prices if necessary.

25 May 2011 - 12:00am

SFC fines Merrill Lynch over index-linked notes

The Securities and Futures Commission (SFC) has reprimanded Merrill Lynch (Asia Pacific) and fined it HK$3 million for inadequate systems in relation to the sale of two index-linked notes to 72 clients in 2007.

13 May 2011 - 12:00am

HK Resort to ask for higher plot ratio on 650-hectare site

Analysts say such a move will drive down Disco Bay prices

Plans by Discovery Bay developer Hong Kong Resort to build a HK$1 billion hotel and an upmarket commercial complex triggered angry protests when they were announced seven years ago.

19 Mar 2008 - 12:00am

Idle-sites rule may force small developers to quit

Small mainland developers short of capital but sitting on idle land will come under growing pressure to quit their vacant sites after the State Council last week announced it would begin charging levies on undeveloped property.

16 Jan 2008 - 12:00am

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