• Tue
  • Nov 25, 2014
  • Updated: 1:34am

Soundwill Holdings

Soundwill concentrates on development and looks to partnerships

Soundwill Holdings, the investment holding company that has acquired around 100 sites in urban areas to sell on for redevelopment in the past 20 years, has slowed the pace of assembling control of old properties.

Monday, 28 January, 2013, 4:39am

Restaurants pay top rents for spot in Causeway Bay's Ginza-style project

Rents at Soundwill's new "Ginza-style" commercial project, Soundwill Plaza II - Midtown, in Causeway Bay had set a record for restaurant tenants in the city's busiest shopping district, market sources said.

Five restaurants have committed to lease six of the 31 storeys - the top five floors and the third floor. Each has a balcony.

9 Jan 2013 - 4:08am

Soundwill Holdings sell 29 shopping units at The Sharp, Causeway Bay

Car parking spaces are passe. Savvy property investors are moving up, so to speak.

5 Jan 2013 - 5:05am

Soundwill nets $183m on revaluation gains

Soundwill Holdings has reported a sharp increase in first-half earnings to $183 million, mainly from revaluation gains on investment properties after the adoption of the new accounting standard.

Excluding the revaluation gain of about $200 million and provision for related deferred tax of $35 million, underlying net profit was up 12 per cent to about $17.8 million.

20 Sep 2005 - 12:00am

Soundwill signs up for Fujian

Main board-listed property developer Soundwill Holdings has signed a memorandum of understanding to acquire debt-ridden, Hong Kong-listed property developer Fujian Group, a Fujian provincial government window company. Soundwill Holdings will inject a mainland-based telecommunications project into Fujian Group in exchange for a controlling stake in the latter.

4 Jun 2002 - 12:00am

Retail space sold

Soundwill Holdings said it had agreed to sell 26,000 square feet of retail space in a commercial development at 8 Russell Street for HK$300 million, representing an average price of HK$11,538 per square foot. The company did not identify the buyer of the space.

1 Mar 2002 - 12:00am

Legal bid for return of $41m

Property developer Soundwill Holdings has taken legal action to request the vendor of a property in Mongkok to return its $41 million deposit .

The company said the reason for requesting its deposit back was because vendor Tai On Land Investment had failed to provide a detailed record of deeds to prove the ownership of the premises before the completion date of November 28.

6 Dec 1997 - 12:00am

Soundwill to expand Causeway Bay hotel

Soundwill Holdings will double the size of its proposed hotel project in Causeway Bay to 500 rooms after enlarging the site by one third, according to company sources.

The development site at Sharp Street East, opposite Times Square, had been enlarged from 6,600 square feet to 8,805 sq ft, or from a maximum of 280 rooms to 500 rooms, sources said.

6 Aug 1997 - 12:00am

Soundwill up

Soundwill Holdings, which develops and trades properties, says profit attributable to shareholders rose 12.7 per cent to $129.4 million last year.

Turnover rose 7.9 per cent to $670.6 million.

13 May 1997 - 12:00am

Tsuen Wan deal

Tung Fong Hung (Holdings) is to buy a property in Tsuen Wan for $215 million, to be funded by internal resources.

The company will take a 50 per cent stake in property investment company Park Solid Enterprises, which agreed to buy the property for a total of $430 million.

The other 50 per cent stake in Park Solid is held by Soundwill Holdings.

9 Apr 1997 - 12:00am

Soundwill trading to begin

Trading in property developer Soundwill Holdings will begin on Friday after its successful public share offering in Hong Kong, which was 9.7 times subscribed.

18 Mar 1997 - 12:00am

Soundwill defers offer

Soundwill Holdings has told the stock exchange it will postpone its roadshow and share offering after talks with its sponsor.

14 Feb 1997 - 12:00am