21 November 2017

Property and Construction

  • The consortium led by Sino Land plans to build a premium residential development at this site in Cheung Sha Wan to make the most of the panoramic harbour views. Photo: HKEJ

    Does Sino Land record purchase signal home market peak?

    - Nov 16, 2017 1:09pm
    It is said that the local residential property market would not peak without Sino Land bidding up government land.  This is a myth, of course, or is it? On Wednesday the real estate giant chaired by...
  • A giant video screen displays performers from the Hong Kong Philharmonic during the Swire Symphony under the Stars event in Hong Kong on November 11. Photo: Ben Kwok

    Swire’s slow symphony under the stars

    - Nov 13, 2017 2:43pm
    Lying down on a mat and enjoying the “Swire Symphony under the Stars” at the Central harbourfront over the weekend, I could not be more thankful for a wonderful evening and the enchanting classical music, all...
  • China’s housing market has become quite mature, with existing commercial housing units reaching nearly 500 million. Photo: China Daily

    China minister reveals roadmap for property tax

    - Nov 10, 2017 4:57pm
    China’s finance minister, Xiao Jie, recently outlined the principles and roadmap in relation to rollout of a property tax. The message was included in a book that was published to help the public understand the lengthy work...
  • Data shows that the housing price rally will slow down in the following months or even head south. Photo: HKEJ

    Hong Kong housing market shows signs of cooling off

    - Nov 10, 2017 1:10pm
    Hong Kong’s private market housing price index rose to 340 points in September, according to data from the Rating and Valuation Department. The housing price index has been on the rise for 18 straight months, and...
  • Peter Woo has picked an easy-to-remember stock code for the spin-off of his shopping malls Times Square and Harbour City. Photos: HKEJ/Bloomberg

    Hot stock codes no one dares to pick

    - Nov 10, 2017 11:22am
    Most of us Hongkongers have something to remember about 1997. Peter Woo, the majority shareholder of The Wharf (Holdings) Limited, knows this. So when his flagship conglomerate decided to spin off its signature shopping malls into a real...
  • The Link REIT, Hong Kong's largest REIT, is currently the largest Asia-Pacific REIT by market capitalization. Photo: HKEJ

    How Hong Kong REITs can boost their growth

    - Nov 6, 2017 10:50am
    The Royal Institution of Chartered Surveyors held a forum in October, discussing why the development of REITs in Hong Kong seemingly lags behind the development in other Asian countries. Currently, the market value of Hong Kong...
  • The deal would help Aecon, which helped build Toronto’s iconic CN Tower, get access to capital to take up more major projects in Canada. Photo: Wikimedia Commons

    CCCI to buy Canada construction group Aecon for US$1.2 bln

    Oct 27, 2017 8:14am
    China’s CCCC International Holding Ltd. will buy Canadian construction company Aecon Group Inc. for C$1.51 billion (US$1.18 billion), including debt, in a deal that would require Canadian government approval. Shares in Aecon, which helped build Toronto’s...
  • Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh on Tuesday. Photo: Reuters

    Saudis unveil US$500 bln plan to build new mega city

    Oct 25, 2017 8:46am
    Saudi Arabia unveiled plans to build a new city on the Red Sea coast, a project that will involve more than US$500 billion in investment as the oil-rich kingdom seeks to diversify its economy.   The initiative, called...
  • Chicago is one of the US cities competing to house Amazon's second headquarters. Photo: Reuters

    Amazon receives 238 proposals for second headquarters

    Oct 24, 2017 8:46am said on Monday that it has received 238 proposals from cities and regions across North America after the company invited bids to host its planned second headquarters. The e-commerce giant revealed that 54 states, provinces,...
  • China's housing rental market remains underdeveloped, a situation that authorities are now trying to address.  Photo: China Daily

    Xi’s ‘go rental’ message could alter China housing dynamics

    - Oct 23, 2017 8:16am
    Chinese President Xi Jinping shed light on his housing policy with less than 50 words during his address on Oct. 18 at the opening session of the Communist Party’s 19th congress. “Houses are built to be...
  • The Blueprint co-working space offers a host of facilities including a bar and café. Photo: Swire Properties

    How Swire doubled the membership fee at a co-working space

    - Oct 18, 2017 11:59am
    Name a business that can charge customers double the previous price even though new competitors are entering the fray almost every day. Property? Sure. Small units? Bingo. Let’s talk about Swire Properties, which has relaunched its...
  • According to some investors, REITs are more transparent because their rental income and dividend rates are relatively predictable. Photo:

    Invest in REITs to better prepare for retirement

    - Oct 6, 2017 12:53pm
    Yuan-denominated bonds issued in Hong Kong, commonly called dim sum bonds, were first issued in 2007. The issuance has grown rapidly, with the volume peaking at about 300 billion yuan (US$45 billion) in 2014. However, the volume...
  • Chinese cities have adopted restrictions in housing sales, and the lock-up period ranges from two to 10 years. Photo: China Daily

    Fresh curbs may bring mixed impact on China property market

    - Sep 29, 2017 5:25pm
    Eight Chinese cities have unveiled new property curbs recently. The policy focus has further shifted toward restricting re-sale from purchase limitations or tighter mortgages. It’s estimated that more than 100 Chinese cities above county level have...
  • As migrants keep flooding into top and second-tier cities and new home supply is limited, China's efforts to cool the property market will go only so far. Photo: China Daily

    Why China’s latest property curbs will have limited impact

    - Sep 27, 2017 12:49pm
    China has seen a new round of property-cooling measures, with eight second-tier cities announcing over the weekend that they were tightening rules related to home sales. The news triggered a heavy sell-off of mainland property stocks...
  • As accounting results lag actual business performance, Chinese property counters are seen as great value plays in particular by mainland investors. Photo: China Daily

    Chinese property plays rally: What a difference stock link makes

    - Sep 15, 2017 10:54am
    Numerous Chinese property counters have rallied two or three times so far this year. Such amazing jump is rare. We can probably explain the whopping gains with the unique cashflow and profit realization pattern of developers...
  • At least on paper, a single tax will force marriageable individuals to get hitched, and therefore cut the demand for housing by half. Photo: Bloomberg

    How to solve the housing crisis: the 13th option

    - Sep 7, 2017 11:24am
    Among the many options Hong Kong is exploring to solve the housing shortage, here’s one that Chief Executive Carrie Lam is unlikely to seriously consider and mention in her first policy address: tax all singles. But...
  • Wanda Group is taking legal action against what it says were false reports and rumors spread on social media in relation to its chairman Wang Jianlin. Photo: Reuters

    Wanda sues over ‘false’ reports on its chairman

    Sep 7, 2017 8:40am
    Dalian Wanda Group, controlled by billionaire Wang Jianlin, has filed defamation suits against at least 10 Chinese social media accounts that published reports the company says sent its shares and bonds tumbling, the Wall Street Journal...
  • All of the 953 flats at Parc City in Tsuen Wan were sold in just two days for about HK$9 billion. Photo: HKEJ

    1,300 home seekers scramble for four flats at Parc City

    Sep 6, 2017 5:48pm
    Despite the slim odds, about 1,300 home seekers sought to buy four available units at Parc City in Tsuen Wan, forming a long queue outside the sales office at Nina Tower as early as 9 a.m....
  • Top 10 developers have about 13 percent of the Chinese property market, and the ratio is expected to climb further in coming years.  Photo: China Daily

    Diverging fortunes of China’s large and small property firms

    - Sep 6, 2017 9:58am
    China’s housing market has shown signs of moderation after local and central governments took some measures to rein in the sector and keep a lid on prices. New-home price gain in 70 large cities narrowed for...
  • Real-estate agencies in Hong Kong have reported impressive numbers, but the incomes of their individual employees haven't been too good. Photo: HKEJ

    Why property agencies are doing fine despite stringent policies

    - Sep 1, 2017 9:45am
    Hong Kong’s secondary housing market has contracted substantially in recent years due to government tightening measures. This has sparked doubts about the business growth prospects of real-estate agencies and brokers. The concerns were not surprising as...

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