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Malaysia’s top 40 richest people

LAST year was dotted by the return of higher commodity prices and better economic growth. The world’s economies on average are back in business as growth rates and trade have started to improve once again after some period of uncertainty caused by a cooling China economy and also the slump in global crude oil prices. (145-1)

Kwun Tong residential site attracts 25 bids despite concerns over infrastructure capacity

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Developers’ enthusiasm for land tenders has shown no signs of easing – a residential site in Hong Kong’s Kwun Tong has attracted stronger than expected interest. But valuers said infrastructure in the region might not be able to support the extra population.

Wharf wins luxury residential site in Kowloon Tong for record price

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Wharf pays HK$12.45 billion, or HK$28,530 per sq ft for the plot, smashing the previous record of HK$21,016 per sq ft for Kowloon

Kerry Properties’ executive directors sell down shareholdings

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The buying fell for the first time in the past five weeks while the selling among directors surged for the second straight week based on filings on the Hong Kong stock exchange from January 8 to 12. A total of 47 companies recorded 200 purchases worth HK$129 million (US$16.5 million) versus 28 firms with 117 disposals worth HK$328 million. The buy figures were down from the previous week’s four-day total of 48 companies, 207 purchases and HK$173 million.

Builders seek premium for new launches as they cash in on record property prices in Hong Kong

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Sun Hung Kai Properties and Kerry Properties launch first projects of the year in Ma On Shan and Ho Man Tin

Sino Land’s US$3 billion spending spree makes it Hong Kong’s most active buyer of land this year

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Company snaps up a seventh site this year, to be redeveloped into a residential complex in partnership with electric utility CLP

Luxury set to come to Hong Kong Island’s old industrial south side as developers pay big for land

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Flats to be built on land at Wong Chuk Hang are likely to fetch prices similar to those in the city’s more traditional upmarket areas, analysts forecast

Price of waterfront land in Hong Kong’s Cheung Sha Wan could reach record as 11 firms bid

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After the price of an adjacent plot beats expectations, some analysts see the possibility of a fresh high in a city already among the world’s costliest to buy a home

Rents go up in APM mall amid expectations of strong Christmas sales

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Rents at APM, Sun Hung Kai Properties’s flagship mall in Kowloon East, have gone up by as much as 15 per cent as leases have come up for renewal this year.

Mixed reaction to latest measures to cool Hong Kong property market

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HK Monetary Authority tells lenders to put greater weighing on assessment of credit worthiness, while cutting amount of allowable loans on residential and commercial properties

Shanghai auto show reaffirms design, electric vehicle trends, reminds Hongkongers of what they are missing

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China’s automotive showcase highlights design trends, the changing face of motoring, and limited car choice in Hong Kong showrooms

China stocks head for 2017’s worst week amid crackdown concerns

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A man walks out of the Shanghai Stock Exchange building at the Pudong financial district November 17, 2014. The Shanghai Composite Index is set for a 2.2 per cent tumble for the week ending April 21, 2017. — Reuters picSHANGHAI, April 21 — Chinese shares headed for their biggest weekly loss of 2017, with increased regulatory scrutiny and a crackdown on leveraged trading sapping investor sentiment.

Plot of MTR Corp land next to Wong Chuk Hang station on Hong Kong island draw at least 13 bids

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At least 13 bids have been submitted by developers have bid for plot of MTR Corp land next to Wong Chuk Hang station, and the old Wong Chuk Hang Estate on Hong Kong island, the tender for which closed at 2pm on Monday.

Top 40 richest in Malaysia: 1-5

KUOK is often mistaken for a “Tan Sri” or “Tun”. But the 94-year-old tycoon, who was born in Johor but is based in Hong Kong, is neither.

Chinese developers, Hong Kong government says xie xie

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Mainland Chinese developers have set one record after another at Hong Kong’s land auctions, boosting receipts to a record