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Sun Hung Kai Properties Ltd

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  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's highest profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • HK court: Property tycoon guilty of corruption Friday, 19 Dec 2014 | 3:15 AM ET

    HONG KONG— A Hong Kong jury found a billionaire property developer and a former top government official guilty of corruption Friday after a high profile trial that amplified anger at the city's elite. The property magnate Thomas Kwok was convicted of conspiracy for making HK $8.5 million of payments to city official Rafael Hui. On the other hand, I'm unhappy...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's most high-profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting millions of dollars in bribes from the city's largest property developer, Sun Hung Kai Properties Ltd.. Raymond Kwok, co-chairman of the company, was found not guilty of three charges in the graft case. Hong Kong returned to Chinese rule in 1997 and has a separate legal...

  • Hong Kong's property developers locked in a price war Wednesday, 11 Sep 2013 | 9:00 PM ET

    HK's property developers are locked in a price war as measures to cool its expensive real estate markets force them to impose discounts to hit sales targets.

  • Chinese No Longer Hot for Hong Kong Property Monday, 24 Jun 2013 | 8:49 PM ET

    Cash-rich mainland Chinese, have fled Hong Kong's real estate market, scared off by cooling measures that have sent them scouring overseas for better options.

  • Li Ka-Shing Warns of Volatile Hong Kong Property Tuesday, 26 Mar 2013 | 7:16 PM ET
    Li Ka-shing, chairman of Cheung Kong (Holdings) Ltd. and Hutchison Whampoa

    A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka-shing: speculators stay away.

  • Malaysian casino operator Genting envisions red and gold pagodas and a panda exhibit on the 87-acre plot of Las Vegas land it bought this week, a new gambling playground for rich Chinese.

  • China Shares Slump 3% on Tightening Fears Thursday, 21 Feb 2013 | 4:12 AM ET

    China markets resumed their decline, after a one-day recovery on Wednesday, dampened by fresh worries about monetary tightening and expansion of property sector curbs.

  • Property Poses Biggest Risk to Hong Kong Economy Wednesday, 20 Feb 2013 | 6:32 PM ET

    Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats.

  • Asian Shares Close Lower on Profit Taking Wednesday, 16 Jan 2013 | 5:10 AM ET

    Asian shares ended in the red on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.

  • Sun Hung Kai Properties: Good Year For Hotels  Sunday, 9 Dec 2012 | 6:40 PM ET

    Ricco DeBlank, CEO of Hotels, Sun Hung Kai Properties sees occupancy rate of around 92% in its hotels in Hong Kong. He also projects double digit growth from 2011's record year in the region.

  • HONG KONG, Nov 1- Mainland Chinese shares posted their strongest daily gains in more than three weeks on Thursday, boosting Hong Kong stocks, following positive China economic data and a report that local governments were easing restrictions on property purchases. The China Enterprises Index of the top Chinese listings in Hong Kong jumped 1.1 percent.

  • The study by commercial real estate services firm CBRE comes just days after Hong Kong announced its first residential property tax targeted at overseas buyers as U.S. quantitative easing and record-low interest rates boost the risk of a housing bubble in the Asian financial centre.

  • HONG KONG, Oct 30- Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory. Investors also took profits on Chinese banks, recent outperformers after strong third-quarter earnings from three of China's ``Big Four'' banks.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • HONG KONG, Oct 29- Hong Kong shares fell on Monday as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.

  • HONG KONG, Oct 24- Mainland Chinese shares rose on Wednesday, outperforming most Asian peers and lifting the Hong Kong market to just short of a year-high after a survey of purchasing managers showed China's economy making a steady recovery. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.4 percent.

  • HONG KONG, Oct 12- The billionaire Kwok brothers' corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong's highest-profile graft case in decades.