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Old April 8th, 2010, 05:44 PM   #41
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Cheung Kong sales hit $10b in quarter
7 April 2010
The Standard

Cheung Kong Holdings (0001) has reaped HK$7 billion from selling 800 homes since launching Festival City in Tai Wai.

Together with the sale of flats in La Mer in Tung Chung, the developer sold HK$10 billion worth of homes in the first quarter, almost four times more than a year ago, said executive director Justin Chiu Kwok-hung.

Chiu said the Tai Wai residence saw 300 transactions and drew 50,000 visitors during the five-day holiday.

By yesterday afternoon, around 90 percent of all available flats were sold for between HK$7,500 and HK$11,000 per square foot.

In nearby Fo Tan, Sino Land (0083) sold three homes at The Palazzo during the holiday. A 2,379-square-foot apartment fetched HK$25.5 million, or HK$10,719 psf. Its Lake Silver development in Wu Kai Sha saw two deals.

Cheung Kong Real Estate director William Kwok Tsz-wai earlier said mainlanders accounted for 5 percent of all buyers.

Meanwhile, sales began at Henderson Land's (0012) Green Lodge in Yuen Long, with 20 homes sold.

The project has 32 split-floor units, 28 duplex homes and two houses, measuring 1,300 to 4,600 square feet.

A bid by buyers for the two houses for around HK$8,000 psf was short of the target price of up to HK$10,000 psf.

Sun Hung Kai Properties (0016) has sold 30 homes at Yoho Midtown in Yuen Long since Friday. Its Aria at Kowloon Peak saw nine deals yesterday, bringing total holiday transactions to around 62.

Midland Realty said secondary home deals at 10 major residential estates were down 37.9 percent on last year as primary homes absorbed some of the purchasing interest.

Sales at City One in Sha Tin fell 55 percent to just eight units.
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Old April 17th, 2010, 07:27 PM   #42
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More floor plans by tower and floor : http://cybersearch.midland.com.hk/re...tId=P000000532
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Old July 28th, 2010, 01:00 PM   #43
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Bumper bonus for SHKP staff - but not all
7 July 2010
South China Morning Post

Talk on the property strip is that developer Sun Hung Kai Properties has recently distributed bonuses equivalent to up to three months' pay.

Who got lucky and who did not is now a matter of hot debate among the staff, Ah Pak hears. "The company usually distributes bonuses before or after the [Lunar] New Year. But we would have to check with our human resources department on this," a company spokeswoman told him.

So, the fat bonus could not have been across the board, he concluded from this cagey response.

Rewind the clock to earlier this year and readers may recall that Sun Hung Kai achieved what seemed to be a miracle in Yuen Long by pushing prices to as high as HK$9,000 per square foot when it released its Yoho Midtown for sale in February. Within about four months, nearly 80 per cent of the 1,890-unit Yoho Midtown was sold, with a 1,362 square foot flat going for HK$12.25 million or HK$9,001 per sq ft.

Would it be the staff responsible for the sales and marketing of Yoho Midtown that received an early bonus?
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Old October 30th, 2010, 03:55 PM   #44
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Lau Wong-fat says property deals will be accounted for
8 October 2010
South China Morning Post

New Territories power broker Lau Wong-fat is preparing to offer the public a full explanation over allegations that he failed to report a series of property deals under conflict of interest rules.

As the influential head of the Heung Yee Kuk moved to fend off accusations of impropriety over his property deals in front of the Executive Council, he again blamed his staff for any breaches of the rules. The kuk, of which he is the chairman, is an advisory body representing the indigenous inhabitants of the New Territories.

"I am preparing the information, and once I have put everything into good order, I will give a full account," Executive Council member Lau (pictured) said. "I have just scolded my staff again since they kept making updates to the register bit by bit."

The latest revelation is over his failure to declare ownership of 70 lots of farmland. It is the third alleged breach of the declaration guidelines in the past 10 days.

Lau admits he owns the lots in Luk Keng, in the north of the New Territories, which were bought by Lapton Properties - a company owned by himself and his son. But despite reporting his stake in the company to both registers in Exco and Legco, where he has stated ownership of 15 pieces of land in North district, there has been no report of any land owned under Lapton Properties.

Asked when he was planning to explain matters to the public in person, Lau said he should have put things in order by the time the Legislative Council resumes next week after the summer recess.

Lau was forced to make a public apology after he was found on Monday last week to have failed to declare the purchase of three houses in Yuen Long in April and 16 flats in Yoho Midtown in February. All the transactions were made through Carofaith Investment, in which he holds a 40 per cent stake.

Eight more undeclared deals raised more concerns of potential conflict of interest. Another company controlled by Lau's son, Kenneth Lau Ip-keung, and his daughter-in-law, bought eight flats, also in Yoho Midtown, with Lau Wong-fat's company on the day the government announced a series of measures to cool property prices.

His son subsequently sold three of them before the transactions were completed and made a profit of HK$800,000.

A few days later, discrepancies were found between Lau's Exco and Legco declarations of interest. Lau had renewed the declarations to both in an attempt to clear up the matter.

Lawmakers have called for a detailed government investigation.

Chief Executive Donald Tsang Yam-kuen should weigh in on the matter, Wong Yuk-man says.

"This is no longer Lau's problem only," the League of Social Democrats' lawmaker said.

Wong said explanations were needed not only from Lau and Tsang but the government, which was also obliged to elaborate on its declaration mechanism, and announce any misbehaviour, in accordance with the rules.

Democratic Alliance for the Betterment and Progress of Hong Kong lawmaker Ip Kwok-him said Lau's further declaration should be carefully looked into.

Political scientist Ivan Choy Chi-keung said Lau should resign from Exco to save its reputation.
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Old November 5th, 2010, 06:15 PM   #45
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By 049966 from a Hong Kong discussion forum :





































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Old January 27th, 2011, 06:16 PM   #46
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Tall in their area!

Source : http://cckphoto.com/album/?p=604



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