SUN Hung Kai Properties will accept buyer registrations for 104 new units in its Villa Athena development in Ma On Shan from today. Property sources say the sale will be a benchmark which will test the effectiveness of the mortgage lending restrictions imposed by Hongkong Bank and Hang Seng Bank. Analysts say buyer reaction to the sale will be less enthusiastic than for previous blocks. - ECONOMIC JOURNAL A SPOKESMAN for the Port Authority of Ningbo said Gonzaga Li, chairman of Wharf Holdings, visited Ningbo from August 18 to 20 to discuss investment in the development project for Beilun port. The discussions are almost finalised and the two sides are preparing draft contracts. Wharf will develop two berths in co-operation with the Beilun port authorities. Investment in the first phase of the project will be US$30 million and Wharf and its mainland partner will have equal stakes in the project.- MING PAO FOLLOWING the tightening of mortgage lending for residential property, banks are now preparing to tighten lending for industrial and commercial properties. Sales of existing commercial properties, especially retail shops, have slowed markedly in August because banks now regard lending in this sector to be extremely risky. Some buyers who wished to purchase shops have been forced to forfeit their deposits due to failure to obtain bank loans. - MING PAO MAGANG'S plan to list in Hong Kong may be delayed. The company says this is because there is insufficient investor awareness of the issue due to poor publicity. Magang originally planned to list in Hong Kong and Shanghai simultaneously in October. A spokesman for the company says Magang has taken a lesson from some of the mainland state enterprises whose listings received a poor response. However, the company will list in Hong Kong before the end of the year. - WAH KIU YAT PO HENDERSON Land will put a residential development in Sheung Shui on pre-sale tomorrow. The Bank of East Asia was to provide 70 per cent mortgage lending, but the tightening of mortgage lending has led the bank to cancel its arrangements with the developer.- TIN TIN DAILY NEWS KWOK Shun-on, a director of Shun Cheong Holdings, says the company will increase its investment on the mainland in order to capitalise on the expected strong demand for machinery due to increased infrastructure development. Shun Cheong has already started discussions regarding a number of projects in Shanghai, Shantou and Huizhou and has already signed letters of intent to undertake projects with a value of $150 million. Elsewhere, the company is discussing the possibility of co-operating in projects in Xiamen.- SING PAO CIL Holdings will invest in nine projects in the construction materials industry in Ma'anshan, Anhui province. Ma'anshan is a city rich in natural resources and investors have shown great interest in investing in construction materials and property projects in the city.- SING PAO SOURCES say the increase in HAECO's share price following the announcement of its interim results shows that the market is optimistic about the company. It is forecast that HAECO's 1993 profits will be about $460 million, an increase of 18 per cent on lastyear.- EXPRESS NEWS SOURCES in the property market say a 4,825 sq ft site at 107-109 Caroline Hill Road, Causeway Bay, which is owned by a mainland consortium, will be sold shortly for $140 million. Market sources say the buyer will build a hotel on the site, but if it wants to build an office block it will have to pay a land premium.- SING TAO SOURCES in the property market say one floor and two car parking spaces in Citicorp Centre in Causeway Bay, which were owned by SEA Holdings, have been sold for $80 million. The average price for the office floor was more than $5,000 a sq ft. SEA Holdings owned floors two to 16 in Citicorp Centre, but recently sold the eighth and 15th floors.- SING TAO