https://www.scmp.com/rss/120834/feed Great Eagle Holdings is a property company listed and based in Hong Kong. Its operations span property investment and hotels, and it operates in Hong Kong, North America, Europe and the Asia Pacific. As of 2012, its hotel portfolio comprised 13 properties with more than 6,000 rooms, including 10 hotels branded under the Langham name in Hong Kong, Shanghai, London, Boston, Los Angeles, Melbourne and Auckland, Eaton Hotels in Hong Kong and Shanghai; and the Delta Chelsea Hotel in Toronto. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Lo Ying-sui, a younger brother of Great Eagle Holdings’ chairman Lo Ka-shui, has started selling residential units in a sign that some investors prefer to maintain liquidity amid an uncertain property market cycle. Land Registry records showed a unit registered under Joy Eagle was sold to King Faith International for HK$19 million (US$2.4 million) on March 17. A company search showed that Joy Eagle’s directors include Lo Ying-sui and his wife Lim Boon Tuang Lynda. Lo is also a non-executive... https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3347311/brother-great-eagle-chairman-offloads-residential-assets-amid-hong-kong-market-recovery?utm_source=rss_feed Fri, 20 Mar 2026 09:30:08 +0000 Aileen Chuang Aileen Chuang Major Hong Kong developer Sino Land posted a steady net profit for the six months ended December, propped up by early gains from a recovery in the city’s residential property market. Sino Land reported a net profit of HK$2.22 billion (US$284 million) in the first half of its current financial year – excluding revaluation losses on investment properties – that was slightly down from HK$2.24 billion a year earlier, according to its Hong Kong stock exchange filing on Friday. The company’s revenue... https://www.scmp.com/business/companies/article/3344915/hong-kong-developer-sino-land-posts-steady-profit-points-clear-market-improvements?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344915/hong-kong-developer-sino-land-posts-steady-profit-points-clear-market-improvements?utm_source=rss_feed Fri, 27 Feb 2026 11:53:21 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands Department said on Monday. The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units,... https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed Mon, 16 Feb 2026 09:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-listed mainland Chinese developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city’s largest developers with a higher-than-expected tender. The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its bid of HK$1.8 billion (US$230 million), according to a statement from the Lands Department on Tuesday. The site is expected to yield 470... https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed Tue, 10 Feb 2026 12:34:34 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE. Sun Hung Kai Properties, Henderson Land Development and CK Asset Holdings submitted bids individually, while Sino Land and Great Eagle Holdings made a joint offer, the groups confirmed separately on... https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed Fri, 06 Feb 2026 10:40:34 +0000 Peggy Sito Peggy Sito A joint venture between Sino Land and Great Eagle Holdings has won a government residential site tender in Kowloon for HK$1.61 billion (US$206 million), outbidding major Hong Kong developers as the city’s housing market shows signs of stabilising. The purchase of the 41,226 sq ft site, which could yield 570 units, underscored the company’s confidence in the long-term development prospects of Hong Kong, according to Sino Land. Sino Land owns 85 per cent of the joint venture, while Great Eagle... https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed Wed, 07 Jan 2026 13:49:22 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records. Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed. According to the Companies Registry, Gao serves as a director of Matrix Properties... https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed Thu, 20 Nov 2025 07:17:32 +0000 Cheryl Arcibal Cheryl Arcibal Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land. The award gives Chinachem –... https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed Tue, 18 Nov 2025 13:33:34 +0000 Salina Li Salina Li Charles Tong Chi-kar, the vice-chairman and executive director of Tomson Group, has bought a HK$112 million (US$14.4 million) home in Mid-Levels West, joining a growing number of affluent buyers who are increasingly confident in Hong Kong’s residential market. Sold for HK$48,060 per square foot, the 2,335 sq ft four-bedroom unit at The Legacy, developed by Henderson Land, was handed over to Tong on Monday, according to the Land Registry. Tomson Group, known for its luxurious Tomson Riviera... https://www.scmp.com/business/companies/article/3332446/tomson-groups-charles-tong-buys-us144-million-hong-kong-home-amid-luxury-market-surge?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332446/tomson-groups-charles-tong-buys-us144-million-hong-kong-home-amid-luxury-market-surge?utm_source=rss_feed Wed, 12 Nov 2025 06:30:44 +0000 Salina Li Salina Li Hong Kong’s residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties. Investors accounted for 20 per cent of the market’s total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with residential projects near universities might have a higher proportion. The average gross rental yield for mass residential... https://www.scmp.com/business/banking-finance/article/3329470/hong-kong-residential-property-markets-improvement-whets-investor-appetite-analysts-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329470/hong-kong-residential-property-markets-improvement-whets-investor-appetite-analysts-say?utm_source=rss_feed Mon, 20 Oct 2025 01:30:08 +0000 Salina Li Salina Li Buyers connected to Hong Kong property developer Great Eagle Holdings have bought another home in the New Territories after snapping up dozens of units across the city in recent months. The 773 sq ft three-bedroom unit at Grand Mayfair II in Kam Tin South, developed by China Overseas, Sino Land and K Wah, was sold for HK$11.99 million (US$1.54 million), or HK$15,510 per square foot, and handed over to Rising Thrive on October 2, according to Land Registry records. Alexander Lo Chun-him, Kan... https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed Fri, 10 Oct 2025 07:05:41 +0000 Salina Li Salina Li The son of former financial secretary Henry Tang Ying-yen has bought property in Kowloon, joining a growing number of affluent buyers snapping up homes in Hong Kong amid improving confidence in the residential market. Two connected units at Wheelock Properties’ Kadoorie Hill luxury project were sold for HK$36.4 million (US$4.7 million) each and handed over on October 3, according to the Land Registry. The flats were bought through two entities, Jumbo Bridge and Risking Sky. William Harry Tang... https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3328109/henry-tangs-son-buys-2-flats-wheelocks-kadoorie-hill-boost-property-market?utm_source=rss_feed Tue, 07 Oct 2025 08:06:49 +0000 Salina Li Salina Li Affluent Hong Kong investors – from the former CEO of the Hong Kong stock exchange to the chairman of Great Eagle Holdings – have been snapping up residential properties, despite doubts by many prospective homebuyers that prices of flats across the city have hit bottom. Francis Yuen Tin-fan and his wife Rose Lee Wai-mun spent HK$92 million (US$11.8 million) on two luxury flats at The Knightsbridge in Kai Tak over a span of two months. Their latest transaction on Tuesday was for a 1,259 sq ft... https://www.scmp.com/property/hong-kong-china/article/3326237/signs-confidence-affluent-hong-kong-investors-snap-luxury-flats-market-improves?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3326237/signs-confidence-affluent-hong-kong-investors-snap-luxury-flats-market-improves?utm_source=rss_feed Sun, 21 Sep 2025 04:00:18 +0000 Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday. The developer sold all 260 units on offer at the project atop the Ho Man Tin MTR station during a first round of sales on Saturday. The new list for flats ranging from one to three-bedroom units, ranging in size from 340 sq ft to 783 sq ft, prices them from HK$7.01 million... https://www.scmp.com/business/article/3260829/homebuyers-snapping-flats-because-discounts-market-has-too-much-stock-price-increases-analysts-warn?utm_source=rss_feed https://www.scmp.com/business/article/3260829/homebuyers-snapping-flats-because-discounts-market-has-too-much-stock-price-increases-analysts-warn?utm_source=rss_feed Tue, 30 Apr 2024 00:30:14 +0000 Hong Kong developers’ low-price strategy for new flats continued to liven up the local market, as hundreds of buyers on Saturday flocked to Great Eagle Holdings’ Onmantin residential project in Ho Man Tin. All 260 flats on offer were sold by 9pm, according to agents. The project recorded 7,500 orders from prospective buyers, or 28 times more than the initial number of flats on offer. “The project received a warm market response with the high oversubscription rate,” said Sammy Po Siu-ming, CEO of... https://www.scmp.com/business/china-business/article/3260640/hong-kong-homebuyers-enticed-big-discounts-snap-most-flats-offer-great-eagles-onmantin-project?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3260640/hong-kong-homebuyers-enticed-big-discounts-snap-most-flats-offer-great-eagles-onmantin-project?utm_source=rss_feed Sat, 27 Apr 2024 11:24:58 +0000 The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for Hong Kong’s property market. The tender for the site at the junction of Sai Ning Street and Victoria Road in Kennedy Town fetched just six bids on Friday, according to the Lands Department. The land, on the western side of Hong Kong Island, is expected to yield about 450 flats, some with a sea... https://www.scmp.com/business/article/3226163/hong-kong-property-plot-land-flats-kennedy-town-fetches-just-6-bids-high-interest-rates-market-gloom?utm_source=rss_feed https://www.scmp.com/business/article/3226163/hong-kong-property-plot-land-flats-kennedy-town-fetches-just-6-bids-high-interest-rates-market-gloom?utm_source=rss_feed Fri, 30 Jun 2023 11:42:08 +0000 The biggest residential plot of land in Hong Kong’s southern Stanley district in two decades was withdrawn from sale by the government on Tuesday, after all four tenders failed to meet its reserve price. The plot on Cape Road is expected to accommodate about 650 flats with a gross floor area of 480,236 sq ft. It is the area’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. “The government will not sell a... https://www.scmp.com/business/article/3206312/hong-kong-withdraws-stanley-residential-plot-after-all-four-bids-fail-meet-reserve-price-amid-market?utm_source=rss_feed https://www.scmp.com/business/article/3206312/hong-kong-withdraws-stanley-residential-plot-after-all-four-bids-fail-meet-reserve-price-amid-market?utm_source=rss_feed Tue, 10 Jan 2023 12:51:06 +0000 It may be difficult to imagine now, but when The Peninsula hotel opened in Hong Kong, in 1928, it was laughed off as a white elephant in which nobody would stay. So recalls the late Lawrence Kadoorie, son of the hotel’s founder, Elly Kadoorie, in archive footage belonging to the Hongkong and Shanghai Hotels company. Despite The Pen having been designed as “the finest hotel east of Suez”, as far as the well-heeled international passengers disembarking from ships in the harbour were concerned,... https://www.scmp.com/magazines/post-magazine/travel/article/3169830/location-talent-cosmopolitanism-why-hong-kong?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/travel/article/3169830/location-talent-cosmopolitanism-why-hong-kong?utm_source=rss_feed Sat, 12 Mar 2022 05:45:16 +0000 Half a dozen real estate developers owned by Hong Kong’s wealthiest families have thrown their hats into the ring to bid for the largest plot of harbourfront commercial land in Central, in a test of the property market that offers a peek into the city’s future standing as an Asian financial hub. Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market value, controlled by the Kwok family, confirmed that it submitted a bid for Site 3 at Connaught Place in Central, a 516,316 square... https://www.scmp.com/business/article/3137906/hong-kongs-largest-developers-and-richest-families-pile-blockbuster?utm_source=rss_feed https://www.scmp.com/business/article/3137906/hong-kongs-largest-developers-and-richest-families-pile-blockbuster?utm_source=rss_feed Fri, 18 Jun 2021 09:17:25 +0000 Pan Sutong, the embattled real estate tycoon facing a breach of contract law suit, has been replaced in a venture in Hong Kong’s Ho Man Tin residential district, the latest twist in the financial struggles of one of the city’s high-flying developers. Pan’s Goldin Properties Holdings reached a novation agreement to transfer its right to develop Ho Man Tin Station Package One parcel to Great Eagle Group of the Lo family, said MTR Corporation. Great Eagle paid a HK$1 billion (US$129 million)... https://www.scmp.com/business/article/3123747/pan-sutong-transfers-right-develop-ho-man-tin-district-great-eagle?utm_source=rss_feed https://www.scmp.com/business/article/3123747/pan-sutong-transfers-right-develop-ho-man-tin-district-great-eagle?utm_source=rss_feed Tue, 02 Mar 2021 09:30:16 +0000 A weekend apartment sale by Sun Hung Kai Properties flopped in Kam Tin, near Yuen Long where the police clashed with protesters, as nearly two months of incessant public unrest left their impact on Hong Kong’s real estate. Sun Hung Kai sold only seven of 145 units of its Park Yoho Napoli project in Kam Tin, a mere 3km from Yuen Long, where tens of thousands of protesters marched today in protest against a July 21 mob attack on commuters. Police fired tear gas to disperse protesters. Escalating... https://www.scmp.com/business/article/3020356/yuen-long-clashes-cast-pall-over-sun-hung-kais-weekend-home-sales-even?utm_source=rss_feed https://www.scmp.com/business/article/3020356/yuen-long-clashes-cast-pall-over-sun-hung-kais-weekend-home-sales-even?utm_source=rss_feed Sat, 27 Jul 2019 11:41:29 +0000 For Lo Ka-shui, his tentative victory in a high-profile family feud over a HK$24 billion (US$3 billion) property inheritance has proved to be something of a mixed blessing. Having seen off an attempt by his mother to win back control of Great Eagle Holdings, one of Hong Kong’s wealthiest property dynasties, he faces the daunting prospect of trying to keep the company’s international hotel empire growing. The protracted trade war between the world’s two largest economies has dampened sentiment... https://www.scmp.com/business/companies/article/3019400/victory-bitter-family-feud-control-great-eagle-one-hong-kongs?utm_source=rss_feed https://www.scmp.com/business/companies/article/3019400/victory-bitter-family-feud-control-great-eagle-one-hong-kongs?utm_source=rss_feed Mon, 22 Jul 2019 00:00:12 +0000 Commercial developer Great Eagle Holdings is offering its first residential project in three decades with prices below the prevailing rate, having secured the land in Tai Po for a record low five years ago. The builder, best known for its portfolio of hotels, is selling flats at the Ontolo project at Pak Shek Kok for a little as HK$11,446 per square foot, the cheapest on the market in the upscale area near the Science Park. The average price in the first batch of 150 flats is HK$13,567 per... https://www.scmp.com/property/hong-kong-china/article/3019201/great-eagle-launches-ontolo-first-residential-project-29?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3019201/great-eagle-launches-ontolo-first-residential-project-29?utm_source=rss_feed Thu, 18 Jul 2019 12:46:57 +0000 Last week marked the end of one era and the start of another. The retirement of Hong Kong’s second-richest man, Lee Shau-kee, as chairman of Henderson Land Development means that the so-called Big Four property developers have all officially handed over the reins to the second or even third generation of their respective families. As the old guard of these powerful companies recede from the stage, the new generation of family tycoons should seize the opportunity to chart their own paths and take... https://www.scmp.com/comment/opinion/article/3013069/new-generation-hong-kong-property-tycoons-faces-greater?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3013069/new-generation-hong-kong-property-tycoons-faces-greater?utm_source=rss_feed Wed, 05 Jun 2019 03:30:06 +0000 A Hong Kong court on Wednesday ruled against the matriarch of Great Eagle, one of the city’s richest real estate clans, in her bid to prevent some of her children from taking control of the family conglomerate. The Court of First Instance ruled against Lo To Lee-kwan, 99, who launched the legal action in 2016 against HSBC International Trustee, manager of a family trust that held the majority shares in the Hong Kong-listed Great Eagle Holdings. She wanted the trust manager removed because she... https://www.scmp.com/news/hong-kong/law-and-crime/article/3011336/great-eagle-matriarch-loses-battle-control-one-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3011336/great-eagle-matriarch-loses-battle-control-one-hong?utm_source=rss_feed Wed, 22 May 2019 08:58:27 +0000 Hong Kong’s government received a positive response in its sale of the first commercial land plot on the former Kai Tak Airport’s runway. Nine bids were received when the call for tender closed on Friday, from Sun Hung Kai Properties, CK Asset Holdings, Great Eagle Holdings, K&K Property, Sino Land, K Wah International and the Far East Consortium, according to agents and valuers familiar with the submissions. Two other unidentified developers also submitted bids. Property market correction over,... https://www.scmp.com/property/hong-kong-china/article/2183625/first-mix-use-land-plot-former-kai-tak-airport-runway-gets?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2183625/first-mix-use-land-plot-former-kai-tak-airport-runway-gets?utm_source=rss_feed Fri, 25 Jan 2019 05:52:42 +0000 The matriarch of one of Hong Kong’s richest estate empires praised a son she is locked in a family feud with as being “good and smart” on Monday. Lo To Lee-kwan, the 98-year-old widow of late tycoon Lo Ying-shek, also reminisced about her family’s road to success during her first day of testimony in High Court. But it is the actions of her third son, Lo Ka-shui, that she said had taken her by surprise in a case that is essentially a battle for control of Great Eagle Holdings, which Lo founded... https://www.scmp.com/news/hong-kong/hong-kong-law-and-crime/article/2149225/matriarch-hong-kong-property-empire-living?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-law-and-crime/article/2149225/matriarch-hong-kong-property-empire-living?utm_source=rss_feed Mon, 04 Jun 2018 12:01:05 +0000 Hong Kong’s largest bank committed a “serious breach of trust” when it favoured one side of a family feud that split one of the city’s richest real estate clans, the High Court was told on Tuesday. The row for control of the Hong Kong-listed Great Eagle Holdings, valued at HK$27.7 billion (US$3.55 billion), stems from a lawsuit filed two years ago by the widow of property tycoon Lo Ying-shek, who died in 2006. Lo To Lee-kwan, 98, wants to dismiss HSBC International Trustee which has been tasked... https://www.scmp.com/news/hong-kong/hong-kong-law-and-crime/article/2148302/great-eagle-holdings-co-founder-tells-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-law-and-crime/article/2148302/great-eagle-holdings-co-founder-tells-hong?utm_source=rss_feed Tue, 29 May 2018 08:45:30 +0000 Champion Reit, the real estate investment trust controlled by the Hong Kong family behind Great Eagle Holdings, is offering its office tower at Langham Place in Mongkok for sale with an estimated price of HK$26 billion (US$3.33 billion). The landlord is targeting mainland buyers, according to property consultant Savills. Langham Place Office Tower, which is the second highest commercial building in Kowloon, is under global tender sale by Savills, as appointed by owner Champion Reit. China Life... https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed Mon, 17 Jul 2017 12:55:33 +0000 Lo To Lee-kwan, the 97-year-old matriarch of Hong Kong property giant Great Eagle Holdings, said it was her own decision to file a lawsuit to dismiss HSBC as a trustee of her family business as the bank did not follow her guidance on managing the estate. “I asked it to acquire more Great Eagle shares [as] that is good for the company. But it did not carry out the request. It said I had no right [to instruct it],” Lo said. It is the first time the wife of the company’s late founder Lo Ying-shek... https://www.scmp.com/business/companies/article/2098740/its-my-decision-97-year-old-lo-matriarch-says-she-pushed-lawsuit?utm_source=rss_feed https://www.scmp.com/business/companies/article/2098740/its-my-decision-97-year-old-lo-matriarch-says-she-pushed-lawsuit?utm_source=rss_feed Fri, 16 Jun 2017 14:38:07 +0000 Family-owned businesses, when they are well-managed and cohesive, can outperform other types of corporate structure, according to a 2015 Credit Suisse report, which studied 920 family-controlled enterprises with at least US$1 billion in market value. Their average annual revenue grew 10 per cent from 1995 to 2015, better than the 7.3 per cent increase among members of the MSCI Index in the same period. “Family businesses appear to demonstrate superior cash returns and economic value creation,... https://www.scmp.com/business/companies/article/2096990/dirty-fighting-some-hong-kongs-wealthiest-families-may-undo-value?utm_source=rss_feed https://www.scmp.com/business/companies/article/2096990/dirty-fighting-some-hong-kongs-wealthiest-families-may-undo-value?utm_source=rss_feed Mon, 05 Jun 2017 14:30:45 +0000 A record low winning bid for a residential site in Tai Po surprised the market yesterday as it became evident the government is open to settle for cheaper land prices as it seeks to increase housing supply. Mid-tier commercial developer Great Eagle Holdings won the tender for a waterfront site in Pak Shek Kok, near Science Park, for HK$2.412 billion, or HK$3,300 per square foot. The bid was at least 17 per cent lower than what the market had been expecting. It's also nearly half the price for... https://www.scmp.com/property/hong-kong-china/article/1520729/great-eagles-record-low-winning-bid-snags-tai-po-waterfront?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1520729/great-eagles-record-low-winning-bid-snags-tai-po-waterfront?utm_source=rss_feed Wed, 28 May 2014 19:45:00 +0000 Shares in Langham Hospitality Investments, the hotel-focused business trust being spun off from Great Eagle, fell more than 9 per cent yesterday, making it the second-worst debut in Hong Kong this year. The trust, which operates three luxury hotels in Kowloon, started trading in a gloomy market weighed down by another heavy sell-off in Japan. The Nikkei 225 Index dropped 5.2 per cent as a strengthening yen triggered heavy profit-taking. The Hang Seng Index fell 0.31 per cent. The yen gained 0.17... https://www.scmp.com/business/money/markets-investing/article/1250088/langham-shares-drop-9pc-debut?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1250088/langham-shares-drop-9pc-debut?utm_source=rss_feed Thu, 30 May 2013 16:00:00 +0000 No SFC licence for former Merrill staffer The Securities and Futures Commission has banned Joyce Hsu Ming-mei, a former employee of Merrill Lynch (Asia Pacific), from getting any licence from the regulator to work in the financial industry for life. The SFC action came after the Court of Appeal in November dismissed Hsu's appeal against her conviction and a 42-month imprisonment sentence. The District Court in February 2011 found her guilty of theft and access to computer for dishonest intent.... https://www.scmp.com/business/china-business/article/1144079/business-digest-february-6-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1144079/business-digest-february-6-2013?utm_source=rss_feed Tue, 05 Feb 2013 16:00:00 +0000 Great Eagle Holdings is to spin off its hotel properties in Hong Kong to try to cash in on an influx of mainland travellers that drove the city's tourist arrivals to a record of more than 46 million last year. In a statement filed with the stock exchange, Great Eagle said a proposal has been submitted to seek a separate listing of its hotel properties on the exchange's main board in the form of share-stapled units. A stapled security is a combination of two or more securities, such as a share in... https://www.scmp.com/business/companies/article/1135511/great-eagle-set-spin-its-hong-kong-hotel-holdings?utm_source=rss_feed https://www.scmp.com/business/companies/article/1135511/great-eagle-set-spin-its-hong-kong-hotel-holdings?utm_source=rss_feed Thu, 24 Jan 2013 16:00:00 +0000 Great Eagle Holdings, a key hotel operator and landlord in Hong Kong, said underlying profit jumped 36.4 per cent last year thanks to higher rental income amid the city's economic boom. Underlying earnings were HK$896.4 million, up from HK$657 million the previous year while revenue climbed 10.9 per cent to HK$4.18 billion. A final dividend of 35 HK cents was declared, up from 25 HK cents. Despite the recent volatility in the global financial markets, chairman Lo Ka-shui said: 'Current low... https://www.scmp.com/article/632348/great-eagle-profit-soars-rental-income?utm_source=rss_feed https://www.scmp.com/article/632348/great-eagle-profit-soars-rental-income?utm_source=rss_feed Wed, 02 Apr 2008 16:00:00 +0000 Shares of Great Eagle Holdings soared 12.19 per cent yesterday as investors speculated the company would hand out generous dividends after the proposed sale of the office tower and retail arcade of its Mong Kok property for HK$12.5 billion. The stock gained HK$2.95 or 12.19 per cent to end at HK$27.15, beating the 0.53 per cent gain in the Hang Seng Index. On Thursday, the company announced the sale of its Langham Place office tower and retail arcade to its 48.45 per cent owned Champion... https://www.scmp.com/article/626428/great-eagle-soars-langham-deal?utm_source=rss_feed https://www.scmp.com/article/626428/great-eagle-soars-langham-deal?utm_source=rss_feed Fri, 15 Feb 2008 16:00:00 +0000 Great Eagle Holdings, a hotel and investment property firm controlled by the Lo family, said its first-half net earnings rose sixfold, thanks to the first contribution from Champion Real Estate Investment Trust and lower financing costs. Net profit for the six months to June totalled HK$613.81 million, compared with HK$101.6 million a year earlier. Turnover rose 3.67 per cent to HK$1.91 billion. Finance costs fell 31.2 per cent to HK$282.14 million after some of its borrowings were paid... https://www.scmp.com/article/608434/great-eagle-earnings-soar-first-champion-reit-contribution?utm_source=rss_feed https://www.scmp.com/article/608434/great-eagle-earnings-soar-first-champion-reit-contribution?utm_source=rss_feed Tue, 18 Sep 2007 16:00:00 +0000 Great Eagle Holdings said profit plunged 95.96 per cent last year profit mainly on a decline in gains from revaluation of investment properties and a fall in rental income after the sale of Citibank Plaza. Net profit dived to HK$405.51 million or 68 HK cents per share from HK$10.03 billion or HK$16.93 per share in 2005. Revaluation gains from investment properties shrank to HK$342.17 million from HK$12.98 billion, after the company sold its interest in Citibank Plaza in Central to Champion... https://www.scmp.com/article/588539/great-eagle-net-dives-citibank-plaza-sale?utm_source=rss_feed https://www.scmp.com/article/588539/great-eagle-net-dives-citibank-plaza-sale?utm_source=rss_feed Wed, 11 Apr 2007 16:00:00 +0000 Great Eagle Holdings, a Hong Kong-listed landlord, said the spin-off of Champion Real Estate Investment Trust will help it slash as much as 55 per cent its debt, enabling expansion in hotels and other investment properties. Great Eagle, which reaped about $10 billion from the listing of the reit two weeks ago, said its net attributable debt would drop to about $4.4 billion, for a gearing ratio of 22 per cent, if all the proceeds are used for debt repayment. Its debt stood at $14.31... https://www.scmp.com/article/551731/reit-takings-ease-great-eagle-debts?utm_source=rss_feed https://www.scmp.com/article/551731/reit-takings-ease-great-eagle-debts?utm_source=rss_feed Mon, 05 Jun 2006 16:00:00 +0000 An asset reshuffle by Great Eagle Holdings to prepare for the float of its real estate investment trust has boosted the value of overall property sales 91.3 per cent last month from March, according to agents. Land Registry figures yesterday showed the total value of sale-and-purchase agreements, including residential, commercial and car park transactions, amounted to $48.5 billion last month. 'It is the highest transacted value for the past 11 months,' Midland Realty chief analyst Buggle... https://www.scmp.com/article/547457/run-reit-flotation-sees-sharp-rise-property-sales?utm_source=rss_feed https://www.scmp.com/article/547457/run-reit-flotation-sees-sharp-rise-property-sales?utm_source=rss_feed Wed, 03 May 2006 16:00:00 +0000 Great Eagle Holdings aims to raise as much as $7.1 billion with the Champion Reit, its single-building real estate investment trust spin-off that begins its roadshow today. According to a term sheet sent to investors, Champion Reit, which comprises only the Citibank Plaza in Central, will sell 1.23 billion units at $5 to $5.75 each, giving a yield of 4.84 to 5.57 per cent. This compares with the Link Reit's 3.63 per cent yield and the Prosperity Reit's 5.26 per cent based on yesterday's... https://www.scmp.com/article/547217/great-eagle-aims-7b-champion-reit?utm_source=rss_feed https://www.scmp.com/article/547217/great-eagle-aims-7b-champion-reit?utm_source=rss_feed Tue, 02 May 2006 16:00:00 +0000 Move comes after Prosperity shares slip below offer price and Great Eagle unveils spin-off ambitions Cheung Kong (Holdings) yesterday announced plans to inject more assets into its real estate investment trust as the shares of Prosperity Reit dropped below its initial public offering price. The move also came after Great Eagle Holdings said on Monday that it was about to launch Champion Reit, which comprises Citibank Plaza in Central with 1.49 million square feet of grade A office... https://www.scmp.com/article/546338/cheung-kong-eyes-asset-boost-reit?utm_source=rss_feed https://www.scmp.com/article/546338/cheung-kong-eyes-asset-boost-reit?utm_source=rss_feed Tue, 25 Apr 2006 16:00:00 +0000 Champion Real Estate Investment Trust, the prime office property spin-off from Great Eagle Holdings, aims to attract investors with an above-average yield of between 4.8 per cent and 5.5 per cent as it hopes to raise as much as US$900 million in next month's float. Champion Reit, which has only Citibank Plaza in Central that offers 1.49 million square feet of Grade A office space, plans to sell 1.23 billion shares. Of this issue, 90 per cent will be offered to institutional investors and the... https://www.scmp.com/article/546213/promise-high-yield-spices-great-eagle-reit?utm_source=rss_feed https://www.scmp.com/article/546213/promise-high-yield-spices-great-eagle-reit?utm_source=rss_feed Mon, 24 Apr 2006 16:00:00 +0000 Core earnings disappoint as interest costs erode strong rents Great Eagle Holdings is banking on a proposed asset spin-off to slash its hefty debts and fuel earnings, after last year's robust rental growth was largely overshadowed by a sharp rise in interest expenses. The property investor, which aims to raise up to $5.46 billion by floating its prime office asset in a real estate investment trust this year, saw last year's core earnings edge up only 5.75 per cent despite a 70 per cent rally... https://www.scmp.com/article/545624/great-eagle-banks-reit-spin-boost-growth?utm_source=rss_feed https://www.scmp.com/article/545624/great-eagle-banks-reit-spin-boost-growth?utm_source=rss_feed Thu, 20 Apr 2006 16:00:00 +0000 Great Eagle Holdings has moved a step closer to launching its Citibank Plaza real estate investment trust after the stock exchange's listing committee approved the spin-off plan yesterday. The approval means Great Eagle will be the first developer to bring a reit to market this year - expected to be early next month - although it still has to be approved by the Securities and Futures Commission. The success of last year's Link Reit has prompted at least a dozen property firms to announce or... https://www.scmp.com/article/543863/exchange-approves-great-eagle-reit?utm_source=rss_feed https://www.scmp.com/article/543863/exchange-approves-great-eagle-reit?utm_source=rss_feed Thu, 06 Apr 2006 16:00:00 +0000 Company may be considering plan to sell the $12.8b Citibank Plaza and other properties through a reit When Great Eagle Holdings abandoned its $2.6 billion plan to spin off its commercial property arm Tai Shan Properties in 1997, the second time it had done so since 1994, assistant director Adrian Lee Ching-ming said: 'It is very unlikely that we will try it again.' Nine years later, the company says it is considering selling certain of its investment properties through a real estate... https://www.scmp.com/article/539199/great-eagle-puts-fresh-face-key-asset-spin?utm_source=rss_feed https://www.scmp.com/article/539199/great-eagle-puts-fresh-face-key-asset-spin?utm_source=rss_feed Sun, 05 Mar 2006 16:00:00 +0000 Lo Ka-shui (centre), managing director and deputy chairman of Great Eagle Holdings, joins exhibition curator Simon Birch and Frog King (Kwok Mang-ho) at yesterday's launch of the city's largest multi-artist public art installation at Langham Place in Mongkok. 'The Box - A Hong Kong Exhibition' will feature the work of 31 leading Asian artists who were born in, or have deep connections to the city. Each artist will have to fit their work into the box shape, which is a metaphor for Hong... https://www.scmp.com/article/502047/boxing-talent?utm_source=rss_feed https://www.scmp.com/article/502047/boxing-talent?utm_source=rss_feed Thu, 26 May 2005 16:00:00 +0000 In the story 'Great Eagle may sell at Langham' on page B2 of yesterday's Business Post, the consolidated net attributable debt of Great Eagle Holdings should be $14.66 billion as at December 31, 2004. We apologise for any inconvenience caused. https://www.scmp.com/article/500574/corrections-clarifications?utm_source=rss_feed https://www.scmp.com/article/500574/corrections-clarifications?utm_source=rss_feed Fri, 13 May 2005 16:00:00 +0000 $5.36b benchmark expected as commercial and luxury sites offer rich pickings in latest auction list The disused Central Market, described as the jewel in the crown among 35 sites the government has released in its new land application list, could fetch as much as $5.36 billion, which analysts say would set a new benchmark for the sector. Developers are licking their lips at the prospect of securing the 0.42 hectare site - earmarked for office, retail or hotel development - in the wake of... https://www.scmp.com/article/491381/central-market-jewel-grabs?utm_source=rss_feed https://www.scmp.com/article/491381/central-market-jewel-grabs?utm_source=rss_feed Fri, 04 Mar 2005 16:00:00 +0000