17 August 2018

Property and Construction

  • Property agency boss Shih Wing-Ching is overseeing an effort to weed out the practice of fake home listings. Photo: HKEJ

    Why HK property agents are acting on fake market listings

    - Aug 15, 2018 4:56pm
    Shih Wing-Ching, chairman of Centaline Property Agency, has revealed that only 10,000 secondary home listings could be authentic, out of a total of 160,000 such listings in Hong Kong. That means only 6 percent of listings...
  • CK Asset Holdings will redevelop Hutchison House into a 41-storey office building. Photo: HKEJ/CNSA

    Hello, Cheung Kong Center 2.0

    - Aug 3, 2018 11:26am
    A mini Cheung Kong Center will rise in Central in about five years. A plan to redevelop Hutchison House was disclosed this week when CK Asset Holdings announced its interim results. In a conference call with...
  • Country Garden's Yang Guoqiang is known to have pushed the build-fast-and-sell-fast business model to the extreme. Photo: Reuters

    Should Country Garden rethink its super-fast project speed?

    - Aug 3, 2018 10:36am
    Chinese property firm Country Garden witnessed a series of work-site accidents since last month, prompting the developer to halt construction at numerous projects for a few days as it sought to conduct safety inspections. Given the...
  • The land readjustment and land bond mechanisms have been proposed to unleash a good quantity of privately owned land for housing development. Photo: Reuters

    Market mechanism is critical for new land proposals

    - Jul 31, 2018 5:12pm
    The Ronald Coase Centre for Property Rights Research at the University of Hong Kong has made a couple of proposals to unleash a good quantity of privately owned land for housing development. The first one is...
  • Hang Lung chairman Ronnie Chan (right) gave Philip Chen a very generous parting gift even after the group's share price has halved. Photo: HKEJ

    Philip Chen got HK$270 million for eight years in Hang Lung

    - Jul 17, 2018 12:17pm
    When it comes to rewarding his management team, Hang Lung Group chairman Ronnie Chan is no doubt generous. Take the case of Philip Chen whom he had lured from Cathay Pacific eight years ago with a HK$20...
  • An apartment unit with a view of the Victoria Harbour will cost you. But even the most expensive studio unit at Victoria Harbour doesn't have a sea-view. Photo: AFP

    Most expensive studio unit at Victoria Harbour without sea-view

    - Jul 9, 2018 12:52pm
    Hong Kong property developers are unequaled when it comes to naming their residential projects: the names invariably evoke exotic places wrapped in legends and myths; they always exude charm, luxury and exclusivity. But the end-product, despite the...
  • Within the sector, however, individual REITs typically have rather different growth rates. Photo: Reuters

    REITs: What determines their performance?

    - Jun 27, 2018 3:46pm
    When REITs were first introduced to the Asia-Pacific markets, they were described as fixed-income like products because of their dividend distribution rules. Because the law usually requires REITs to distribute substantially all of their net income...
  • A subdivided unit in Beijing's Xincheng District, about half the size of a standard parking lot in Hong Kong,  was sold for  2.5 million yuan in a hotly contested auction on Tuesday. Photo: Reuters/

    Beijing nano flat fetches sky-high price

    - Jun 22, 2018 12:43pm
    Hong Kong’s property market is crazy, but Beijing’s is crazier. A subdivided unit in the capital city near the National Center for the Performing Arts, dubbed The Giant Egg, was sold for 2.5 million yuan (US$384,00)...
  • Many real estate investors, especially asset managers, invest in all four major types of assets as classified by ownership base and capital structure. Image: Admiral

    Four major types of real estate investments

    - Jun 13, 2018 2:31pm
    Real estate investment can be classified by its ownership base and its capital structure. Imagine a simple two-by-two matrix. One axis will separate real estate investment into “public” and “private” tranches, and the other axis into...
  • Emergence of Airbnb and an influx of foreign visitors has led to a jump in the number of MInshuku in Japan. Photo: Reuters

    Japan home-sharing business confronts new regulation

    - Jun 7, 2018 4:55pm
    Japan’s new law on private home-sharing setups will take effect from this month, prompting Airbnb, the world’s largest private home-sharing website, to remove 80 percent of its listings in Japan. The equivalent of Homestay or Bed...
  • Visitors look at the North Korean side from an observation deck at the Imjinkak pavilion, near the demilitarized zone that separates the two Koreas in Paju, South Korea. Photo: Reuters

    Peace talks ignite land buying frenzy along South Korea border

    May 14, 2018 8:51am
    With North Korea pledging to reduce tensions and renew ties with its southern neighbor, South Korea’s hottest property market is now along the heavily fortified border between the two countries. Demand for property in small towns...
  • The Hongkong and Shanghai Hotels reported strong occupancy rates and room revenues for the first quarter, but investors are more interested about the share price and dividend. Photo: Bloomberg

    How long is long term for Peninsula shareholders?

    - May 10, 2018 11:59am
    How long is long-term? That was the question raised by some loyal shareholders of Hong Kong and Shanghai Hotels at the group’s annual general meeting on Wednesday. No, they’re not unhappy about the service at The...
  • Mall landlords are coming up with well-thought-out marketing programs to drive visitors to the shopping venues. Photo: Reuters

    Why REITS can still perform well during interest rate upcycle

    - May 2, 2018 12:40pm
    Hong Kong is about to enter an interest rate upcycle. This is no surprise as the Hong Kong dollar is pegged to the US dollar, which has been in a rate upcycle since the end of...
  • DCT is a perfect fit for Prologis in terms of alignment of asset portfolios, says Prologis CEO Hamid Moghadam. Photo: Bloomberg

    Warehouse giant Prologis to acquire DCT in US$8.4 bln deal

    Apr 30, 2018 9:16am
    San Francisco-based warehouse giant Prologis will acquire smaller US rival DCT Industrial Trust in a stock and assumed-debt transaction worth US$8.4 billion. DCT shareholders will receive 1.02 Prologis shares for every DCT share they own, Reuters...
  • Hainan has been popular with people looking to acquire holiday homes in China’s only tropical island, but new property rules could put an end to this buying spree. Photo: China Daily

    Tough rules for non-local buyers to hit Hainan property market

    - Apr 25, 2018 8:55am
    In anticipation of supportive policies to celebrate the 30th anniversary of Hainan as a special economic zone, not a few investors bought Hainan concept stocks, including Agile Property Holdings (03383.HK), which has a large land bank...
  • 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...

EJI Weekly Newsletter

Please click here to unsubscribe