A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas. » Read More
HONG KONG, Oct 3- These are some of the leading stories in Hong Kong newspapers on Wednesday. --Sun Hung Kai Properties Ltd has sold about 700 units at its new residential project, Century Gateway, in Tuen Mun for HK $5 billion, said deputy managing director Victor Lui.
Anthonia Hui, CEO of Al Wealth Partners says that patriarchs should be running their businesses professionally rather than sticking solely to dynastic successions. She explains why.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
While the corruption case against the joint chairmen of Asia’s biggest developer Hong Kong’s Sun Hung Kai Properties will lead to share price volatility over the next 12 months, analysts say the company remains a buy based on its high-quality asset base and solid income stream.
Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.
Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation. Chinese property and resource counters remained under pressure.
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CNBC asked the pros for their investing advise in this kind of market. Here's a sampling of what they had to say.
Real estate is not dead -- even in the United States. Ritson Ferguson, manager of the ING Global Real Estate Fund, offered CNBC his favorite global real estate stocks.