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Kaycee Valmonte

View of residential buildings at the Mid-Levels

Hong Kong Residential Projects Hit Lowest Sales Rates in 5 Years

2023/08/24 by Kaycee Valmonte Leave a Comment

New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first half of 2023, with only 55 percent of the 7,600 homes completed during the period having found buyers on their first… Read More>>

Mico Chung, Chairman and Executive Director of CSI Properties

CSI Properties Notches Hong Kong’s Largest Office Lease of 2023 in Kowloon East Project

2023/08/23 by Kaycee Valmonte Leave a Comment

CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>

Yang Guoqiang Country Garden

Country Garden Shares Hit All-Time Low After Developer Halts Onshore Bond Trading

2023/08/14 by Kaycee Valmonte Leave a Comment

Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.

Ranked as… Read More>>

Yang Huiyan Country Garden

China’s Country Garden Warns of $7.7B Loss as Sales Slide

2023/08/13 by Kaycee Valmonte Leave a Comment

Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>

Stephen Ng Tin-hoi, chairman of Wharf REIC

Wharf Real Estate Investment Rebounds to $228M Profit After Hong Kong Reopens

2023/08/08 by Kaycee Valmonte Leave a Comment

Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six months of 2023, a turnaround from a HK$1.53-billion loss a year ago as Hong Kong’s reopening has brought back big-spending tourists.

In… Read More>>

Sachin Doshi, Weave Living

Weave Living Launches Tenth Location in Hong Kong’s Sai Ying Pun

2023/08/03 by Kaycee Valmonte Leave a Comment

Warburg Pincus-backed Weave Living has launched the latest location for its Weave Studios line in western Hong Kong island’s Sai Ying Pun area, marking its tenth location across Asia Pacific as the rental housing investor and operator continues to expand… Read More>>

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