Post Tagged with: "Property investment"

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

China Vanke, mainland China?s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Chinese developer Kaisa?s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa?s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land said late Thursday that it would revise commission fees at its Grand Central project in Kwun Tong to 2 per cent starting from January, offering a partial concession to property agents angered by the developer?s decision to slash the fee last week. Management from Centaline Property Agency held […]

2018, Hong Kong?s second-best year for property sales at US$93 billion, ended with a whimper in December

2018, Hong Kong?s second-best year for property sales at US$93 billion, ended with a whimper in December

Hong Kong recorded its second-best year for property sales in 2018 on the back of a red hot first half, in which transactions worth HK$403.7 billion (US$51.5 billion) were reported. However, the market has cooled since August, when a 28-month bull run came to an end, with December recording a […]

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Land scarcity is a major threat to Hong Kong?s booming data centre industry and its status as a regional hub, according to Sunevision Holdings, the technology arm of Sun Hung Kai Properties. The city?s data centre market is projected to increase from US$705.5 million in 2016 to US$1.5 billion in […]

Creditor of vanished tycoon Ye Jianming says three floors in Hong Kong?s Convention Plaza worth minimum HK$1.79 billion

Creditor of vanished tycoon Ye Jianming says three floors in Hong Kong?s Convention Plaza worth minimum HK$1.79 billion

One of the creditors of missing mainland tycoon Ye Jianming has claimed that the three floors of ?office space at the Convention Plaza in Wan Chai that have been offered for auction should fetch a minimum of HK$1.79 billion, ?according to a court document. Ye?s company, CEFC China Energy, paid […]

How do Shanghai and Beijing defy China?s property slowdown?

How do Shanghai and Beijing defy China?s property slowdown?

Overseas investors? surging investment in commercial properties in China?s top cities has helped Shanghai and Beijing defy the credit tightening and market slump to sustain their high transaction volumes this year, a trend that is expected to extend into 2019, according to property consultants. Their share of Shanghai?s total 105 […]

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

Hong Kong?s government, which relies on land sales for a substantial part of its revenue, has sold its final residential plot for the year at a 12.7 per cent discount to market valuation, in a further sign of the city?s cooling property market. Kai Tak Area 4B Site 2, the […]

Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong

Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong

Sino Land?s Grand Central residential project in Kwun Tong, East Kowloon, saw another round of buying frenzy on Sunday, as 336 of the 338 units on offer were snapped up by eager investors. According to the developer, 3,300 people had registered for the sale. ?Although two of the units were […]

Fewer developers submit bids for Kai Tak runway plot even as valuation is slashed to January 2017 levels

Fewer developers submit bids for Kai Tak runway plot even as valuation is slashed to January 2017 levels

The third residential parcel on Kai Tak?s runway missed market expectations as fewer than expected developers submitted tenders, while one surveyor slashed its valuation of the plot to January 2017 levels because of downbeat sentiment, lack of full sea view and retail component. The 97,393 square feet plot on the […]