Commercial Property
Fortune REIT profit up 20.7% to HK$597mn
Fortune REIT profit up 20.7% to HK$597mn
Occupancy and rental rates for the 11 properties climbed to record high 98.7%.
Mortgage loans approved down 23% in December 2010
New mortgage loans drawn down during December rose by 11.3% to $31 billion compared with November.
Minmetals Land contracted sales up 450% to RMB2.57bn
The company has also achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively.
Colliers International offers Sheung Wan commercial property for sale
Site is close to Hollywood Road and Soho area in Central, home of most popular dining destinations.
HK issues 6 pre-sale consents
19 applications for pre-sale consent for uncompleted residential units and three applications for uncompleted commercial developments were being...
Hong Kong to introduce reverse mortgage scheme
Survey says 44% of respondents supported the introduction of reverse mortgages in Hong Kong.
Purchase agreements for building units jumped 21.5% in 2010
The number of sale and purchase agreements for all building units received for registration was 162, 739, the Land Registry said.
Housing Authority maintains sound financial position
The authority vows to continue managing its finances efficiently to ensure cost-effectiveness after it expected to have a surplus in the consolidated...
Residential units sales dropped 26% in 2010
11,790 sale and purchase agreements for all building units were received for registration in December.
Minmetals Land acquires 3 real estate developments from China Minmetals
Projects totaling GFA 1.25mln sq. m. HK$2.36 per consideration share has increased the company’s land bank to over GFA 4mln sq. m.
HK Buildings Department received 3,741 complaints
In the past five years, the department issued 14 orders to prohibit changes in the use of buildings which constituted obvious or imminent danger to...
Swire Properties and HKR International ink RMB8 Billion loan facility
The raised capital will be used for Dazhongli project in Shanghai’s Jing’an district with a planned gross floor area of approximately 323,000 sqm.
Hong Kong flat sales up 31.5%
The total consideration of sale and purchase agreements in November was up 30.2% to $74bln on October.
October mortgage applications up 16%
Yet new loans approved dropped 2.2% to $30.8bln while an increase of $1.8bln was registered in approvals for primary market transactions.
Mingfa proposes issuance of HK$1.94bln convertible bonds and warrants to Warburg Pincus
Mingfa believes that collaboration with Warburg Pincus is a huge endorsement of its business vision to increase its for land acquisition and...
95% of Hong Kong’s private buildings now insured
New building management regulation requires all owners' corporations to procure and keep in force third-party insurance.
Swire Properties completes 50% stake sale in PCCW Tower
The company was able to increase its holding in PCCW Tower from 20% to 50% that ensured a stable future for the building.
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