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19.05.26 - 13:00
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Non-traditional Hong Kong bidder tops property giants in Tung Chung HK$1.6b land auction (SCMP)
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Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city.
Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot, according to a statement from the Lands Department on Tuesday.
The winning bid topped analysts' estimates, which ranged between......
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19.05.26 - 09:42
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Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales (SCMP)
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Hong Kong actors Nick Cheung and William Chan have become the latest high-end homeowners to sell their units amid a strengthening recovery in the city's luxury property market.
Transactions in the segment more than doubled in the first quarter of the year, compared with the same period in 2025, according to consultancy CBRE.
Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million (US$16.86 million) to buyers identified as Lee Yuen Ann Geoffery and Xu Ranying, Land Registry......
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19.05.26 - 08:12
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Standard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters (SCMP)
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Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters.
Investors welcomed the plan, lifting the lender's shares 2.5 per cent to HK$201.60 in Tuesday's morning session, outperforming the benchmark Hang Seng Index, which rose 0.4 per cent.
The London-headquartered lender, which focuses on emerging markets in Asia, the Middle East......
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19.05.26 - 01:00
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Hong Kong property upswing poised to hold despite interest rates risk: Moody′s (SCMP)
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Hong Kong's residential property market recovery is unlikely to be derailed by a potential increase in interest rates amid the Middle East conflict, as demand is supported by professionals relocating to the city and surging rents, according to Moody's Ratings.
At the same time, the moribund office and retail property sectors were showing signs of improvement on the back of leasing activity despite continued headwinds, the credit-rating agency said in a commentary released on Monday.
“We expect......
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18.05.26 - 12:06
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Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit (SCMP)
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The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm's global coordinating arm assumed responsibility for audits linked to the collapsed developer's accounting scandal.
Evergrande's liquidators, Tiffany Wong and Eddie Middleton of Alvarez & Marsal, were seeking 57 billion yuan from PwC International, PwC Hong Kong and PwC China jointly,......
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