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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)
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 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
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.
Sun Hung Kai Properties and Kerry Properties launch first projects of the year in Ma On Shan and Ho Man Tin
Company snaps up a seventh site this year, to be redeveloped into a residential complex in partnership with electric utility CLP
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
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 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.
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
China’s automotive showcase highlights design trends, the changing face of motoring, and limited car choice in Hong Kong showrooms
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.
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.
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.
Mainland Chinese developers have set one record after another at Hong Kong’s land auctions, boosting receipts to a record