Post Tagged with: "Property investment"

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

China Vanke, mainland China?s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Chinese developer Kaisa?s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa?s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land said late Thursday that it would revise commission fees at its Grand Central project in Kwun Tong to 2 per cent starting from January, offering a partial concession to property agents angered by the developer?s decision to slash the fee last week. Management from Centaline Property Agency held […]

2018, Hong Kong?s second-best year for property sales at US$93 billion, ended with a whimper in December

2018, Hong Kong?s second-best year for property sales at US$93 billion, ended with a whimper in December

Hong Kong recorded its second-best year for property sales in 2018 on the back of a red hot first half, in which transactions worth HK$403.7 billion (US$51.5 billion) were reported. However, the market has cooled since August, when a 28-month bull run came to an end, with December recording a […]

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Land scarcity is a major threat to Hong Kong?s booming data centre industry and its status as a regional hub, according to Sunevision Holdings, the technology arm of Sun Hung Kai Properties. The city?s data centre market is projected to increase from US$705.5 million in 2016 to US$1.5 billion in […]