Eastern promise: Hongkong developers flock to Shanghai
Article Abstract:
Hongkong's real estate developers are rushing to Shanghai, China, to get a stake in the development boom there. They are, however, wary of re-enacting the scenario of the mid-1980s when there was rampant over-development resulting in very low occupancy rates. They are faced with problems such as insufficient market information on supply and demand, handling current tenants, possibility of government reclamation of land, uncertainty of sales and reliable partners. Some developers feel that rapid construction in prime locations, is possibly, the only way to make a profit.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
China savvy
Article Abstract:
New World Development, a large Hongkong-based real estate firm, is now concentrating on China. New World owns 25 million square feet and a total floor area of about 48 million square feet in China, compared to only 6 million square feet in Hongkong. Moreover, New World bought its Chinese holdings for only $12.8 million. Large residential projects in Canton and Peking are planned. New World, with its favorable cash flow, will probably see its earnings grow from 15% to 25% within the next five years provided money-losing investments are avoided.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Developing risk: will Henderson China investors get what they pay for?
Article Abstract:
Henderson China's impending debut generates little enthusiasm among investors concerned about China's business climate and the valuations given the company's holdings. Currently Henderson Land, which operates in Hong Kong, trades at a 10% premium to its net asset value, while Henderson China trades at a 25% discount. Developers in Hong Kong expect a 20% return and low taxes, but returns in China are uncertain and heavily taxed. Nevertheless, China funds eager to invest their money may save the offering.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Masterly retreat: Roh answers critics by quitting ruling party. Trounced at the polls: ruling party's setback will also affect presidential stakes
- Abstracts: Argentina's economy: nearly time to tango. Argentina's lopsided recovery. Argentina after Cavallo: an economics minister goes, the problems don't
- Abstracts: Freer to choose: Singapore opens retirement fund for stock investment. Back across the causeway
- Abstracts: Traveller's tales. Chatichai fever
- Abstracts: A whole new world. Not for the faint-hearted. China purist: Hongkong lender prospers from Peking links