Topic
- Some buyers had complained of poor workmanship, substandard materials and mismatches between blueprints and actual features
- Shui On Land met a group of buyers on January 18, where they ‘accepted our explanation and improvement plan’, it says
Hong Kong developers are boosting their land holdings in China, taking advantage of weaker competition from their debt-stricken mainland rivals to pick up choice assets at auctions.
Shui On Land, the flagship property company of the Hong Kong-based Shui On Group, has acquired three residential parcels in Wuhan for US$2.67 billion.
Hong Kong IPO filings by SenseTime Group, Ximalaya and Shui On Xintiandi could foreshadow a brisk pace for listings later this year.
CCP centenary has attracted hundreds of wealthy Shanghai locals to Xintiandi since authorities reopened the site in early June.
The country’s third-largest property developer reports a 45 per cent decline in first-half core profit – its first decline since H1 2016.
A day after police intervene with pepper spray at estate, residents demand explanation for decision to change entrance codes.
Xintiandi Plaza convinces 16 international brands to open their first outlet on the mainland, hoping to provide female shoppers one-of-a-kind shopping experience.
Stephanie Lo Bo-yue has mapped out the Hong Kong-listed developer’s asset-light strategy on the mainland.
He broke away from the family fold at just 23 to form his own business, and now the fourth of nine children is set to hand over the reins of his burgeoning property empire to his daughter
The plot near Xintiandi – expected to generate more floor space than Hong Kong’s IFC One and Two – requires a total investment of US$3.8b, say analysts
Developers resort to lotteries as buyers far exceed the number of units on sale
Shui On increasingly rely on selling equity interests in specific projects to local developers
Vincent Lo Hong-sui, chairman of Shui On Land, has introduced a string of measures to shake up his firm's senior management to improve property sales, expand its land bank and streamline development strategies.
Shui On Land, a mainland developer that has been selling assets to cut debt, said yesterday that chief executive Freddy Lee had quit after less than three years and chairman Vincent Lo Hong-sui would resume a more active role.
Shui On Land, chaired by Vincent Lo Hong-shui, said net profit was 1.05 billion yuan (HK$1.32 billion), up from 825 million yuan in the first half of last year.
Vincent Lo Hong-sui, the chairman of Shui On Land, is back in the spotlight as he moves to improve the firm's performance. Lo said he had withdrawn from the "front line" over the past two years but had decided to take a more active role.
The conversion of a luxury boutique hotel in a historical district of Shanghai into a multi-storey flagship retail outlet will be the first project to be tackled by China Xintiandi, a commercial property unit to be spun off by Hong Kong-listed Shui On Land.
