Company Overview and News
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
A plot of residential land for sale by tender in the south of Hong Kong Island may be the latest proof that local developers are close to regaining the upper hand in the competition for space to build their projects.
Happy Mid-Autumn Festival. China is on holiday until October 9 so the newsletter is very sporadic this week. There may be one more issue by the end of the weekend, then back to normal publishing next week. (150-0)
Happy Wednesday…A bit under the weather here in DC, pardon any typos. If you are in Beijing have fun with the evening rush hour over the next few days. The city is warning that they will be epic… (145-0)
The real estate sector is beginning to show signs of coming out of its recent downturn as persistently low mortgage rates, an improving world economy, and domestic reconstruction efforts in both Texas and Florida are acting as the catalysts for the sector. On the domestic side, the Federal Housing Finance agency recently reported that mortgage rates for newly built homes was up just 7 basis points in August to +4. (12-0)
President Trump announced an executive order Thursday to grant additional authority to the Treasury Department to enforce economic sanctions on North Korea and foreign companies and individuals that do business with the rogue nation in Northeast Asia. (3-0)
Higher salaries and house prices will encourage spending on luxury goods as malls offer customers an experience they can’t find online
Hello, ladies and gentlemen, and welcome to the NorthStar Realty Europe Q2 Earnings Call. My name is Josh, and I shall be your coordinator for today’s event. [Operator Instructions]
A consortium comprising China Resources Land, Country Garden Holdings and China Merchants Industrial Zone Holdings bought the first piece of prime land near the centre of the Chinese capital city at an auction on Tuesday at rock bottom price, in a sign that stringent market-cooling rules imposed by local authorities are keeping more developers and land buyers on the sideline. (0-2)
Insider activity fell based on filings on the Hong Kong stock exchange from July 24 to 28 with 23 companies that recorded 158 purchases worth HK$119 million versus eight firms with 45 disposals worth HK$55 million. The buy figures were down from the previous week’s 28 companies, 206 purchases and HK$129 million.
Two and a half years after buying prime plot of land, developers finally granted presale permit at 79,458.99 yuan per square metre
A consortium formed by Sino Land, China Overseas Land & Investment and K. Wah International won development rights for a residential project at West Rail’s Kam Sheung Road station in Yuen Long with an upfront lump sum payment of HK$8.33 billion (US$1 billion).
Mainland China’s developers appear to be taking a break from their shopping spree for Hong Kong assets, when a government sale of commercial land attracted only two bids from Chinese companies.
Chinese companies continue to shy away from Hong Kong’s land market with just one mainland backed company known to have submitted a bid for a residential site in Yuen Long.
Nine bids were received for the Murray Road site, valued at between HK$15.7 billion to as much as HK$22 billion, which can be developed into a 30-storey office building.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton