Commercial Property
Fortune REIT first half profit up 5.7% to HK$319.5mn
Fortune REIT first half profit up 5.7% to HK$319.5mn
The company’s passing rent up 10.3% while occupancy rate climbed further to 98.1%.
New mortgage loans in June fell by 9.4%
The latest round of tightening of the underwriting standards of mortgage lending introduced last June 10 seen to have caused the falling figures.
Sino Harbour starts trading shares in the Main Board of SEHK
Share price increased 2.73% over initial offer as it closed at HK$1.13 per share.
Hong Kong is the most popular city for international businesses: survey
Almost 70% of international companies surveyed are represented in Hong Kong.
Hong Kong has 22 land transactions in second quarter
An electricity substation in Tseung Kwan O and a research complex and student hostel in North Point are among the transactions which had about $752...
Sino Harbour Property lists on Main Board of HKSE
The property developer offers 300,000,000 new shares at the range of HK$1.10 to HK$1.68 per share.
Hong Kong’s parking rate is Asia’s highest
Hong Kong’s rental yield of car parking spaces tops 4% per annum, relatively higher than the other sectors such as residential and office properties...
Longfor Properties achieves 45.7 percent of year sales target
Contracted sales totalled $2.8 billion in the first half of 2011.
Motive Drive gets Wan Chai hotel site
The 717 square metre site was awarded for $648m.
Kwun Tong business site awarded to Joint Vision
The company got the 7,083 square metre site for $34b.
Building transactions in second half of 2010 down 18%
The transactions’ total consideration for the period was down 2.2% to $370.14bn.
HK to establish Economic, Trade and Cultural Office in Taiwan
Hong Kong plans to establish an Economic, Trade and Cultural Office in Taiwan within the year to further promote long-term cooperation and exchanges...
K. Wah International secures HK$1.47bn syndicated loan
Part of the loan to be used for refinancing, while the remaining will serve as general working capital to boost its financial efficiency.
Hong Kong’s office market makes rapid rebound in Q1 2011
CB Richard Ellis says the country’s prime office rates climbed by 40% at the end of Q1 2011.
May new mortgage loans down 1.4%
Yet approvals for primary market transactions and secondary market transactions grew by $1.2bn and $3.1bn.
Office space shortage drives tenants to Singapore
A consultant went on to say that Hong Kong has not managed its land supply well. This as multinational companies expanding in Asia are said to be...
Hopefluent joins MSCI China Small Cap Index as a constituent
The company was able to handle approximately 50,100 secondary property transactions and was able to achieve the largest market share in Guangzhou.
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