Sino Land said its unaudited underlying net profit for the six months to December fell about 45 per cent, mainly owing to a lack of development profits and the high earnings achieved a year...
Sino Group is one of the largest property companies in Hong Kong, and also has significant operations in Singapore where a sister company is a major property developer. The group has private holding companies owned by the Ng family, and three publicly listed companies: Tsim Sha Tsui Properties, Sino Land Co, Sino Hotels (Holdings). Yeo Hiap Seng, another sister company, specialises in food and beverages in Asia.
Sino Land and Hopewell have raised prices at The Avenue in Wan Chai by 2 per cent after buyers snapped up the first batch of 220 units in less than four hours.
Sino Land has reaped more than HK$4 billion from the sale of properties in Hong Kong and the mainland since July.
Sino Land executive director Daryl Ng hopes it may be feasible to install mini turbines in the mains water supply to a building so that when a tap is turned on, the flow of the water will turn the...
Sino Land's underlying profit rose 25 per cent in the past financial year but the company expects challenges ahead amid a fall in home sales.
Buying by directors surged after falling for four straight weeks, while selling plunged during the holiday-shortened week of May 13 to 16, based on filings with the Hong Kong stock exchange.
After some time out of the limelight following his spectacular fall from grace in 2011, former International Monetary Fund chief Dominique Strauss-Kahn has resurfaced in unusual circumstances.
Sino Land's underlying profit jumped 80.5 per cent to HK$4.48 billion in the six months to December due to strong property sales as home prices hit new highs.
The Avery, at 16 Hau Wong Road, will have 78 flats on 24 storeys. Forty are studio units and 38 are one-bedroom units. Typical flat sizes range between 313 and 439 sq ft in terms of gross floor...
Cash sweetens 10 deals at Providence Bay
Cathay cleared in UK price-fix probe
Sino Land chairman Robert Ng Chee Siong said yesterday the company would continue to buy development sites despite government measures to cool the property market.
The measures "won't...