Hongkong Land’s net profit soars 147% in first half

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 ...)

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 ...)

Hong Kong investors are biggest spenders on UK property

In spite of gloomy predictions about the economic impact of Brexit, the UK's real estate market was the most active in Europe during the first quarter of 2017. A new report from global real estate services firm JLL reveals that UK was the world's most ... ( read original story ...)

HK-listed Co-Prosperity seeks bigger stake in Yong Tai

KUALA LUMPUR: Hong Kong-listed Co-Prosperity Holdings Ltd is increasing its shareholding in tourism and cultural property developer Yong Tai Bhd (YTB) via a private placement exercise. YTB told Bursa Malaysia that Co-Prosperity’s wholly-owned subsidiary ... ( read original story ...)

Asia markets fall after Dow cracks 22,000; Kospi down 1.9%

CapitaLand stock was down 0.8 percent. 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 hitting 15-month lows ... ( read original story ...)