Company Overview and News

 
Hong Kong’s millennials join red-hot property party, snap up 50pc of units launched over weekend

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About half the 94 units at Wings At Sea released by Sun Hung Kai Properties over the weekend have been snapped by those in the 22-37 age group

 
Group led by Hong Kong conglomerate New World Development wins Singapore plot for US$306.76 million

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Hong Kong conglomerate New World Development is part of a consortium that has won the tender for a luxury residential site close to Orchard Road, Singapore’s famous shopping and entertainment strip, securing the plot for S$2,377 per square foot, a record for all government residential sites in the city.

 
Mico Chung, the upstart Hong Kong developer who aims to join the ‘big boys’ league

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Once touted as ‘Richard Li’s right-hand man’, does one of Hong Kong’s savviest deal makers have what it takes to found a new property empire to rival that of Henderson or New World?

 
Politics a barrier to plans to help alleviate Hong Kong’s housing shortage, tycoon Victor Li says   

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Hong Kong tycoon Victor Li Tzar-kuoi sees political considerations as a major barrier to a government plan for joint public and private development of agricultural land for housing, casting doubt on whether the model could help boost home affordability in the city.

 
Hong Kong developer New World Development to invest US$2.5b in Skycity airport retail complex

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The group’s subsidiary Roxy will undertake the project set on 25 hectares of land and will complete it in phases between 2023 and 2027

 
Pop-up stores to increase in Hong Kong as rents for retail space continue to rise

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Analysts say pop-up stores allow retailers and mall operators to gather customers’ response quickly and adjust their business plans to capture opportunities

 
Flood of Chinese tech firms will push up office rents in Hong Kong’s TST, say analysts

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Office rents in Tsim Sha Tsui could rise 6 per cent, says Colliers, as new supply, express rail link attract tech companies from the mainland

 
How small can Hong Kong’s apartments be? This builder is aiming for a record at 123 sq ft

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Hong Kong’s developers are shrinking their apartments, as surging prices severely limit the amount of money that first-time buyers and school-leavers can put down on their property, putting all but the smallest units beyond their budgets.

 
New World’s Cheng to launch US$11.97 billion London residential project in Hong Kong

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Henry Cheng Kar-shun, the chairman of Hong Kong’s New World Development, will release his £8.4 billion (US$11.97 billion) redevelopment project in East London to Hong Kong buyers on Friday, April 20.

 
Week In Review: Ping An Good Doctor Plans $1 Billion Hong Kong IPO In Mid-May

2018-04-15 seekingalpha
Ping An Insurance (Group) (OTCPK:PIAIF) (OTCPK:PNGAY) plans to carve out its Ping An Healthcare and Technology (also known as Ping An Good Doctor APP) and IPO in Hong Kong for $1 billion at a valuation of $5 billion. The company plans to go public in the middle of May. In May 2016, Ping An Healthcare and Technology raised $500 million in a Series A. In December 2017, the company raised $400 million from Softbank Union in a pre-IPO round.

 
Developers’ hoard of empty flats aggravates Hong Kong’s housing crisis. Will a tax fix it?

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Close to 300 flats lie disturbingly vacant in a completed new residential development in Ho Man Tin even as the Hong Kong government struggles to resolve the perennial short supply of housing in the world’s most expensive property market.

 
China Tariffs; Censored Caixin Story On Businesswoman Connected To Sun Zhengcai; People's Daily "Manifesto" On Party and State Institutional Reform

2018-04-04 nb.sinocism
China goes on vacation Thursday and Friday for the Qingming Festival, so the news may be a bit light over the rest of the week.

 
Chinese biotech firm Hua Medicine raises US$117 million to go toward clinical trials for diabetes drug

2018-03-29 scmp
Chinese drug maker Hua Medicine, which is studying a potential stock market listing, raised US$117 million in a combined fourth and fifth round of funding to pay for clinical trials and the commercialisation of its diabetes drugs.

 
Ascentage Pharma is the latest mainland biotech company to choose Hong Kong for IPO   

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But company’s chairman says city is ‘new to the game’ and stakeholders will have plenty of ‘lessons to learn’

 
Hang Lung to spend HK$40 million on mall upgrades to woo Mong Kok’s shoppers

2018-03-27 scmp
The appeal of Hang Lung’s Gala Place and Hollywood Plaza malls has been in decline amid a shifting retail landscape, says Knight Frank

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