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HK's Biggest Mall Landlord Profit Rose Despite Challenging Market

 August 10, 2016

Despite a challenging market, Hong Kong’s biggest shopping mall landlord Wharf Holdings reported company core profit increased 14% to HKD 5.97 billion for the first half ended June. Core profit from investment property sector increased by 11% to account for 78% of the total...

 August 10, 2016

The Peninsula Hotels owner and operator announced today group underlining profit nearly unchanged when compared with the same time period last year after taking into account the factor its Beijing and Chicago units under partial renovation. The revenue stayed at HKD2.61billion, almost unchanged from HKD2.69billion of a year ago...

 July 30, 2016

Prices of non-landed private apartments in Singapore climbed in June up 0.6% month on month, reversing the 0.9% drop in May, according to flash estimates from the NUS Singapore Residential Price Index (SRPI). Resale prices of completed private homes in all regions recorded increase in the month of June when compared with drop in the month before June                                                                                                                                                  

August 4, 2016

CapitaLand reported pretax profit SGD1.05 billion for the first half, 16.5% lower than SGD1.26 billion same period last year due to lower fair value gains from revaluation of properties. Group revenue increased 4.1% to SGD2.03 billion in the first six months ended June from SGD1.96 billion during the same time period a year ago ...                                                                                                                             

 July 22, 2016

Overall prices of private residential properties in Singapore decreased 0.4% in the latest quarter ended June from the previous quarter, prices fall slowed while vacancy rate picked up ...                                                                                                                                                          

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News 

The World Banks says, in face of challenges, lending demand from middle-income countries reached the highest level it has ever been outside a financial crisis at USD 23.5 billion in 2015. Demand for lending from the bank has risen to levels never seen outside a financial crisis, and is on track to climb to more than USD150 billion in between 2013 to 2016, the World Bank said. (Apr 11, 2016

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New Zealand's former Minister of Finance Bill English was elected the Prime  Minister of the country (Dec 12, 2016)  New Zealand central bank announced to cut interest rate by 25 basis points to a record low of 2.25%, citing weaker growth in emerging markets, slower growth in Europe, and remaining low commodity prices.  (Mar 10, 2016) South Korea central bank decided today to leave the base rate unchanged at 1.50%, citing the trend of economic recovery in the euro area has weakened while economic growth in emerging markets continued to slow. (Mar 10, 2016)

Singapore economy expanded by 0.8% in the second quarter from the first quarter this year, it expanded 2.2% from the same quarter a

year ago. The GDP growth rate is slightly higher than first quarter's 2.1% year on year growth.  (July 13, 2016) Prices of non-landed private residential properties in Singapore rose by 0.4% in the first quarter in CoreCentralRegion(CCR) while prices of those in RestofCentralRegion (RCR) declined by 0.4%. (Apr 1, 2016)

 

World Bank said in the latest report today global GDP is estimated to expand 2.7% in 2017 - among which developed economy will grow 1.8% on average while emerging markets growth will average at 4.2% level. (Jan 11, 2017) lAsian Development Bank(ADB) forecasts gross domestic product (GDP) growth for the region of 5.7% in 2016 and 2017. In 2015, GDP growth was 5.9% said ADB. The Asian version of the World Bank forecasts 6.5% GDP growth for China and 7.4% GDP growth for India for 2016.   (Mar 30, 2016) 

 

Japan's central bank said would maintain its monetary policy steady, leave negative interest rate policy unchanged for the time being. Real GDP growth in the G20 area slowed to 3.0% in the fourth quarter of 2015, compared with 3.1% in the previous quarter, according to OECD.  (Mar 15, 2016)    

Number of sale and purchase agreements (ASP) of all buildings in Hong Kong rose from February’s 2,583 to 3,154 in March, but down when compared with 6,211 transactions in March 2015. Number of ASP for residential units reached 2,369 in March, up from 1,807 in February while down from 4,329 of March 2015. (Apr 6,  2016)

 

China's statistics department said property sales prices in more than half of the tier -1 and tier-2 cities turned downward trend in the second half of October when compared with the first half in the month(Nov 18, 2016)                                                                                                                                      

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