24 April 2018

Property and Construction

  • Chinese property tycoon Yang Guoqiang believes that once a land plot is secured, development work should be initiated as quickly as possible. Photo: Country Garden

    Why Country Garden boss is obsessed with project devt speed

    - Apr 19, 2018 9:48am
    Yang Guoqiang, the founder of Chinese property developer Country Garden Holdings (02007.HK), received little formal education, but he is known to be a keen learner and a strong person when it comes to executing plans. Yang...
  • Li Ka-shing paid HK$610 million for 9.21 million CK Asset Holdings shares at between HK$60 and HK$70 each,  Photo: Bloomberg

    Li Ka-shing keeps buying his company’s shares

    - Apr 17, 2018 11:22am
    Three weeks after he announced his retirement, Hong Kong billionaire Li Ka-shing still has his money where his mouth is. The city’s richest man spent HK$610 million to snap up 9.21 million CK Asset Holdings shares at between HK$60...
  • Outgoing chairman John Slosar needed most of the income he had from Swire Pacific over the past seven years to be able to buy his dream home on The Peak from his own company. Photo: Bloomberg/Reuters

    Slosar wants to buy a home from Swire

    - Apr 10, 2018 11:47am
    Almost everyone in Hong Kong has to work hard to realize their dream home, and that dream is getting more and more expensive through the years. Consider John Slosar, the outgoing Swire Pacific chairman, who decided...
  • Hong Kong's premium office space has ranked as the world's most expensive over the past two years, and this has prompted many financial majors such Goldman Sachs to move to other locations in Hong Kong. Photo: AFP/HKEJ

    Goldman Sachs to move to Causeway Bay

    - Apr 4, 2018 4:16pm
    Even the golden Goldman Sachs may be struggling to stay in expensive Central. Well, there are other places in Hong Kong to choose from. A local report says the top US investment bank has signed a five-floor...
  • Sunac boss Sun Hongbin  admitted that the Leshi investment was a failure and the company has already written off all the losses last year. Photo: Bloomberg

    Verbal abuse at a Sunac press conference

    - Apr 3, 2018 5:25pm
    Sunac China Holdings’ (01918.HK) founder Sun Hongbing is one property tycoon who has timed the market almost perfectly over the past few years. During the market downturn in 2015 and 2016, Sun aggressively snapped up land...
  • Hui Ka-yan, chairman of China Evergrande Group, speaks at a news conference in Hong Kong on Monday following the company’s 2017 results announcement. Photo: Bloomberg

    Why Evergrande is hiring more fresh graduates

    - Mar 27, 2018 3:47pm
    There is a popular saying in the business community that goes “If you want to sell something, find China Evergrande.” Well, if you want to sell yourself, you might as well seek out that very same...
  • If the government goes ahead with the planned vacancy tax, the city's powerful property developers are likely to put up a strong opposition. Photo: HKEJ

    How serious is Paul Chan about imposing tax on vacant flats?

    - Mar 19, 2018 3:34pm
    Financial Secretary Paul Chan Mo-po has hinted at the possibility of imposing a vacancy tax on property owners hoarding empty flats as part of efforts to address Hong Kong’s housing shortage. However, it is doubtful if...
  • Hong Kong tycoon Li Ka-shing waves goodbye after announcing his retirement at a news conference on Friday. Photo: Reuters

    Li Ka-shing announces retirement, will stay on as senior adviser

    Mar 16, 2018 6:03pm
    Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...
  • Swire's redeveloped office properties in Quarry Bay are attracting some big foreign firms looking for a cheaper alternative to the Central district. Representative image: Bloomberg

    EY calls Quarry Bay its new home

    - Mar 16, 2018 5:18pm
    You don’t count as part of the Big Four unless you are in the core business district, right? Wrong!  Just take a look at Ernst & Young, the accounting and consulting giant that is set to have...
  • A Hilton Grand Vacations Club in Carlsbad, California. HNA Group seeks to sell some or all of its 25 percent stake in the timeshare business. Photo: Hilton Grand Vacations

    HNA in talks to sell stake in Hilton Grand Vacations: WSJ

    Mar 13, 2018 9:37am
    HNA Group is in discussions to sell some or all of its 25 percent stake in Hilton Grand Vacations Inc., the timeshare business spun off last year from Hilton Worldwide Holdings Inc., the Wall Street Journal reports,...
  • A Hong Kong property covered by Link real estate investment trust. As long as the economic backdrop allows for rental increases, REIT income will remain more protected than bond alternatives. Photo: HKEJ

    Why REITs outperform bonds during an interest rate upcycle

    - Mar 12, 2018 12:26pm
    Since 2015, Admiral Investment has reported on the long-term performance of Asia-Pacific and Asian REITs against other asset classes that are commonly considered by institutional and individual investors. The first paper, published in early 2015 and...
  • The debt-laden conglomerate is able to dispose of its assets at a profit at a time when it really needs cash. Photo: Reuters

    The biggest thing HNA should be grateful for

    - Mar 9, 2018 3:45pm
    HNA Group is a lucky dog. The debt-laden conglomerate seems to have a change of fortune, disposing of its assets at a profit at a time when it really needs cash. Its subsidiary Hong Kong International...
  • Airbnb has indicated that it is willing to tweak rules related to short-term rentals in Singapore to address concerns of the local government. Photo: Bloomberg

    Airbnb ready to make concessions in Singapore

    Mar 6, 2018 9:22am
    Airbnb, the online marketplace that enables people to list or rent homestay accommodation and vacation facilities, said it is ready to make some concessions on short-term rentals in Singapore as it seeks to appease concerns of...
  • The Liaison Office paid more than HK$120 million for 14 two-bedroom units at The Merton in Kennedy Town, or about HK$18,000 per square foot. Now those units cost more than HK$23,000 psf. Photo: EJ Insight/HKEJ

    Liaison Office sits on huge paper gain from Island West homes

    - Feb 23, 2018 12:51pm
    Beijing’s Liaison Office has been snapping up residential units in the city – chiefly in Sai Wan – and with property prices skyrocketing as a result of rising demand and acute land shortage, those units are gaining a...
  • The Empire Group has been chosen to redevelop The Mariners' Club in Tsim Sha Tsui. Photo: Elsa Esthers / Wikimedia Commons / Mariners' Club

    Empire Group gives hope of rebirth to Mariners’ Club

    - Feb 12, 2018 11:19am
    The Mariners’ Club, one of the most undervalued assets in Hong Kong, is finally going to have its long-planned redevelopment. For the past 50 years, the blue building next to the Tsim Sha Tsui Post Office on...
  • Even with the same asset class, buildings can respond to rental upcycles in different ways.  Photo: Reuters

    Why REIT can still perform well during interest rate upcycles?

    - Feb 9, 2018 4:09pm
    As the US economy expands, the global interest rate environment is now clearly on an upcycle, with both short- and long-term interest rates expected to increase over the next one or two years. In this environment,...
  • The Seoul High Court jailed Jay Y. Lee for two and a half years, reducing the original term by half, and suspended the sentence for charges including bribery and embezzlement. Photo: AFP

    Samsung scion Lee walks free as S Korea court suspends jail term

    Feb 5, 2018 3:39pm
    A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year’s detention amid a corruption scandal that brought down the former...
  • My friend was able to buy a studio-type unit at City Hub, a trendy apartment block in To Kwa Wan. Photo: HKEJ

    A six-week hunt for a mini flat

    - Feb 5, 2018 11:19am
    In Hong Kong, some people buy flats not because of expectations of price appreciation but as a hedge to reduce risks. They are no different from investors who sell their stocks with handsome profits but still...
  • The deal valued Wanda at 242.9 billion yuan, 13 percent above its market cap of 215 billion yuan when it delisted from the Hong Kong market in 2016. Photo: Reuters

    Some thoughts on Wanda Commercial’s 34 billion yuan deal

    - Feb 1, 2018 9:47am
    Tencent Holdings has partnered with Suning Commerce Group, and Sunac China Holdings to buy a 14 percent stake in Wanda Commercial Properties for 34 billion yuan (US$5.4 billion). The deal is seen as the world’s...
  • Vincent Lo has informed Shui On Land that he has "from time to time been reviewing options with respect to his interest in the company," according to a regulatory filing Wednesday. Photo: Bloomberg

    Will Vincent Lo privatize Shui On Land?

    - Jan 31, 2018 5:42pm
    Is Vincent Lo, the man who helped create Shanghai’s famous Xintiandi shopping and entertainment district, really serious about privatizing his flagship firm, Shui On Land? In response to media speculation about possible privatization by major shareholder...

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