A sizeable gain from the revaluation of investment properties saw earnings at Hongkong Land Holdings rocket 147 per cent in the first half of this year. The property group reported a net profit of US$3.13 billion (S$4.2 billion) for the six months ended ... ( read original story ...)
Advances for Li’s big two
Tycoon Li Ka-shing's two major companies, CK Hutchison (0001) and Cheung Kong Property (1113), posted stronger earnings in the first half of this year driven by strength in the telecommunications business in Europe and strong home sales in Hong Kong. ( read original story ...)
Li Ka-shing’s CK Hutchison buoyed by European recovery
Underlying profits, excluding valuation gains on property, rose 14% as booming home sales in Hong Kong outweighed weaker sales in mainland China. The developer recently revised up its full-year contracted sales target to HK$35 billion, after achieving its ... ( read original story ...)
HSBC says home prices stable, but lower in 2018
Despite increases in interest rates, there won't be any bursting of a property bubble in Hong Kong, it said. It said it expects the US Federal Reserve to raise interest rates only once the rest of this year. It added it expects transactions in the first ... ( read original story ...)
Reach for the skyscraperForeign investors are still betting on London’s property market
The “Walkie Talkie”, a London skyscraper, was bought in July by Lee Kum Kee, a Hong Kong food company, for £1.3bn ($1.7bn), the most paid for a British building. The tumbling value of the pound in the wake of the Brexit vote has attracted bargain ... ( read original story ...)
Asia markets fall after Dow cracks 22,000; Kospi down 1.7%
CapitaLand stock was down 0.53 percent by 3:33 p.m. HK/SIN. Hong Kong's CK Hutchison and Cheung Kong Property Holdings were also among the Asian companies reporting results Thursday. In foreign exchange, the U.S. currency strengthened slightly after ... ( read original story ...)
Chinese foray into city realty, close in on Adyar Villa land
The Guangdong-based integrated property developer had recently announced its intent for an India foray recently. Mo Bin, Country Garden's president and executive director had told media in Hong Kong in January that the company is keen to clinch its first ... ( read original story ...)
Surge in ex-pats investing in UK buy to let, says lender
The other top five countries for expat enquiries included the USA, Hong Kong, Singapore and Switzerland ... difficulties many British expats faced securing loans on investment property in England and Wales. ( read original story ...)
Islamic State: Indonesian maids in Hong Kong being radicalised
But IPAC says it was the war in Syria that has brought support for violent extremism to Hong Kong. "Muslims were interested in the conflict, and jihadi social media had some of the most detailed news," the report says. "They saw fighters as heroes and were ... ( read original story ...)
Bike-sharing operator Gobee.bike offering free rides in Hong Kong amid parking woes
Hong Kong’s largest bicycle-sharing operator Gobee.bike will offer riding credits for cyclists under a new scheme amid a growing problem of haphazard parking in the city. From August 1, Gobee.bike customers can earn 30 minutes of free riding credits when ... ( read original story ...)
Chinese Bank IPOs in Hong Kong Suffer in the Shadows
HONG KONG (Reuters) - Smaller Chinese banks that have listed in Hong Kong in the past year are badly underperforming the rest of the market – and their exposure to China's shadow banking system may be a major reason. The lack of appetite for the initial ... ( read original story ...)
Four arrested over Hong Kong loan-sharking operation with 1,200 per cent annual interest
Police picked up another man aged 20 at Hong Kong International Airport. Officers also seized bank documents and cards. Cheung said the four Hongkongers were accused of laundering HK$1.6 million through two bank accounts between June 2015 and February 2017. ( read original story ...)
Hong Kong billionaire Tony Fung eyeing off ASF’s casino licence in hopes of Surfers project
HONG KONG billionaire Tony Fung is emerging as a potential big winner from the axing of ASF’s $3 billion Spit project which frees up a second casino licence. Major Gold Coast investor Mr Fung and his Aquis Australia was part of a consortium which last ... ( read original story ...)
Hong Kong Airlines signs codeshare agreement with Fiji Airways
Mr Li Dianchun, Chief Commercial Officer, Hong Kong Airlines said, “The commencement of our partnership with Fiji Airways is good news for passengers of both airlines. Our passengers now have a new choice to enjoy the white sandy beaches and ... ( read original story ...)