Commercial Property
Kowloon Tong lot sale earns $1.6bln
Kowloon Tong lot sale earns $1.6bln
The private residential lot has a site area of 2,808 square metres was sold to Panayork Limited.
Swire Properties to launch EAST Hotel in Beijing
EAST Hotels' 369 rooms and suites offer urban and park views overseeing INDIGO’s 17-hectare outdoor park.
September home sales down 41% following government curbs
Home transactions value last month down 26.7% than in September 2009, while volume was 15% lower.
Minmetals Land buys land in Huizhou for HK$870mln
977,000 sq.m. accessible land located in hot spring reserve and resort area suitable for high-end development.
Swire Properties invests $800,000 in electric vehicles
Group buys 2 Nissan LEAF vehicles as it steps up drive to reduce carbon footprint.
Minmetals Land and Vanke Beijing to acquire RMB336mln lot
280,000 sq. m. land in Xianghe to be developed modern eco-community to accelerate city’s urbanization.
HKMC to launch premium loan guarantee scheme
Scheme will guarantee to banks of up to 70% combined loan-to-value threshold of the premium loan.
Sino Land profit up 63.3% to HK$6 billion
The 63.3% increase was in comparison with the HK$3.7 billion profit for the previous financial year.
Ede Road lot up for auction
The 2,808 square metre lot at 3 & 5 Ede Road in Kowloon Tong will be auctioned for a minimum guaranteed bid of $1.053 billion.
Wharf profit up 28% to HK$4.2bln
Growth attributed to rising retail rents as company among top investors' picks with more conservative portfolio.
Henderson profit down 37% to HK$1.32bln
Failed sales of 20 Hong Kong units pressure company to intensify sales in the second half.
China SCE profit up 110% to HK$701mln
Developer sees better growth as PRC economy rapidly develops and pace of urbanisation continues to accelerate.
Auction of 2 Kowloon sites may earn $6.25bln
Bidding to test developers' resolve after government has shown its determination to bring property prices down.
Government to implement more property measures
Measures to control potential risks in the property sector include increasing land supply and curbing speculative activities in the property market.
Government to impose stricter property data law
Among required information are agreements for sale and purchase date, units being sold, and transacted amount.
Swire Pacific profit soars to $14bln
Group confident that investments in its core businesses during economic downturn instrumental weathering future economic uncertainties.
Home prices to rise by 15% amidst shortages
City’s growing job market and increasing wealth help drive real estate demand while supply rises slowly.
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