hongkong land news
It, however, believes the “work-from-home” trend will not impact demand for prime office. In this recent run, the eight-year-old settled back from the tricky gate before running on. Penta repräsentiert eine neue Generation von Lifestyle-Hotels im Quartier, die modernen Reisenden für Urlaub und Geschäftsreisen Komfort und Stil in einer entspannten Atmosphäre bieten. The firm also sold off parking spaces at Taikoo Shing, a residential development near Cityplaza, aiming to raise at least HK$690 million. The company operates through two segments, Commercial Property and … Its HK Central office portfolio delivered resilient performance with a flattish average rent of HK$120/sf/mth in 2020, while year-end vacancy rose to 6.3% from 2.9% a year ago. The drop in profits follows extended restrictions on public gatherings and social activity in Hong Kong, which have hurt retail rent revenue for both firms. In a statement to shareholders, chairman Merlin Swire said that while pandemic-related travel bans and social distancing dealt a blow to hotel and retail income in 2020, the firm’s office portfolio delivered a solid performance. Chief executive Robert Wong highlighted Hongkong Land’s “strong and profitable” development properties business, primarily focused on the premium residential market in mainland China and Southeast Asia. Learn how your comment data is processed. Swire Properties CEO Guy Bradley says offices held up as other segments suffered. OCBC Share Price, Earnings release: You will need to make your own independent judgment regarding the analysis. Hongkong Land, which owns the Exchange Square complex, Jardine House and other Central landmarks, was also pressured by a flight of tenants from the traditional business hub, which saw vacancy rise to 7 percent by year-end — the highest level since 2004. Factoring in net losses due to lower property valuations, however, yielded a loss attributable to shareholders of more than $2.6 billion. Hongkong Land Holdings Limited, together with its subsidiaries, is engaged in the investment, development, and management of real estate properties in Greater China, Southeast Asia, and internationally. PEKING/HONGKONG (dpa-AFX) - Weiterer Schlag gegen die Demokratiebewegung in Hongkong: China hat eine umstrittene Wahlrechtsreform für seine Sonderverwaltungsregion offiziell verabschiedet. Those asset sales included unloading Swire’s entire interest in the Cityplaza One office tower for close to HK$10 billion and a pair of Miami office towers for $163 million. Juli 1997 gehört Hongkong wieder zu China, wird aber nach dem Grundsatz "Ein Land, zwei Systeme" regiert. Impacted by rental concessions and negative rental reversion, its HK retail portfolio’s effective average rent declined to HK$164/sf/mth in FY20 (HK$212/sf/mth without taking rental concessions into account). 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See Hongkong Land's Dividend History. Hongkong Land had scraped out a profit of $198 million in 2019. Hongkong Land (SGX:H78)’s underlying profit in FY20 declined by 11% y-o-y to US$960m (9% above our estimate), on the back of weak development property delivery due to COVID-19. Keswick said the value of the group’s Hong Kong investment properties portfolio fell by 10 percent compared with the prior-year level, owing to lower open-market rents. We use cookies to personalize content and ads, to provide social media features and to analyse our traffic. +++ 10:50 Altmaier mit Astrazeneca geimpft +++ Bundeswirtschaftsminister Peter Altmaier ist geimpft. Some corporations founded during the early colonial era still keep this name, including Hongkong Land, Hongkong Electric Company, Hongkong and Shanghai Hotels and the Hongkong and Shanghai Banking Corporation (HSBC). News: Corona-Versagen, Maßnahmen, AstraZeneca, Impfstoff, Hongkong ... tatkräftige Regierung wäre dem Land und seinen Bürgern sehr zu wünschen gewesen. Hongkong Land, which owns the Exchange Square complex, Jardine House and other Central landmarks, was also pressured by a flight of tenants from the traditional business hub, which saw vacancy rise to 7 percent by year-end — the highest level since 2004. 30-Mar: SPH Announcements. Hotels and Malls Suffer One of the races of the day comes early and it is FAST MOST FURIOUS (4) that can go one spot better than a last start effort that saw him finish a narrow runner-up behind Solar Wai Wai at Happy Valley on February 24. The name was also commonly written as the single word Hongkong until 1926, when the government officially adopted the two-word name. Reported profit, meanwhile, amounted to HK$4.1 billion, down 69 percent. Despite Hongkong Land holding some of Central’s priciest office towers, and Swire having Pacific Place and other commercial landmarks in its portfolio, the Hong Kong heavyweights laboured to put the best spin possible on what both termed a “challenging” year spent wrestling with the fallout of COVID-19. Knight Frank is a leading independent real estate consultancy in Hong Kong. During board meetings, Li stated on a number of occasions his goal of surpassing the Jardines-owned Hongkong Land as a leading developer. 29-Mar: SPH REIT Announcements We are proud to be designing, building and managing properties across Asia that will positively impact how people live, work and engage in communities now and for generations to come. [News] Mighty Templar Joins the Crew08/13 [News] Wear the New Valorium Clothing Doctor Outfit and Enjoy the Resource Tycoon!06/04 [News] New Battle Pet Sponge Warrior 05/26 [News] New Mount Ancient Ape Shows Up in Angel's Fortune05/21 [News] First … “The rental income drop at our Hong Kong malls was more than offset by the recovery in the Chinese mainland,” he said. Search and find the perfect home, property investment or commercial property or speak to us today. Die G7-Staaten und die Europäische Union kritisieren die jüngste Wahlrechts-Änderung in Hongkong scharf. The cash generated by the asset sales is to go towards reinforcing core investments such as the flagship Pacific Place complex. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. Find the latest HPH Trust USD (NS8U.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. “Our five malls in the Chinese mainland continue to strengthen our retail portfolio, being well established as top lifestyle destinations in their cities, and proving the merits of our long-term placemaking strategy.”. Hongkong Land's FY20 dividend was US$0.22 per share (flat for three consecutive years). Singapore Share Investors | SGX Stock Analysis | Analyst Research Reports | Singapore Investment Blogs | Singapore Stock Market News | SGX Stock Picks | SGX Share Price | SGX Stock Forum | Singapore Stock Recommendation | SGX Stock Recommendation, STI Constituents Share Price & FTSE ST Indices, DBS Share Price , A pair of blue chip Hong Kong developers on Thursday reported financial results that documented the impact of the COVID-19 pandemic on the city’s biggest landlords, with both Swire Properties and Hongkong Land Holdings reporting plunging profits. [24] The successful bid by Cheung Kong for development sites above the Central and Admiralty MTR stations in 1977 was the key to challenging Hongkong Land as the premier property developer in Hong Kong. Hongkong Land chairman Ben Keswick said the group’s investment portfolio and development business were “expected to remain resilient in 2021” despite uncertainty about the duration of the pandemic. Source of the report is credited at the end of article whenever reference is made. Your email address will not be published. Support us and give our facebook page a 'like' or 'share' if you like the articles here! This site uses Akismet to reduce spam. With parent firm Swire Pacific seeing its Cathay Pacific unit suffer a record $2.79 billion loss, Swire Properties continued to dispose of non-core assets in 2020. 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Required fields are marked *. Seit dem 1. About Hongkong Land Corporate Profile Our Philosophy Focused on prime office, retail and residential developments, our diverse portfolio spans 18 cities in Asia. The subsidiary of the centuries-old conglomerate said that underlying profit attributable to shareholders, a figure adjusting for changes in the fair value of investment properties, totalled HK$12.7 billion, down 47 percent from the year before. Asia real estate and outbound investment news, 2021/03/11 by Christopher Caillavet Leave a Comment, Hongkong Land’s posh places in Central have been hit hard by the pandemic. Management expects negative office rental reversion in 1H21F. Welcome to FrieslandCampina Ingredients Before you explore all our products and expertise, we want to inform you that this website contains materials and information intended only for a professional (dairy) ingredients audience (B2B) and is not meant for consumers. Mit mehr als 30,8 Millionen Infektionen und rund 555.100 Toten sind die Vereinigten Staaten in absoluten Zahlen das weltweit am stärksten von der Corona-Pandemie betroffene Land. Key downside risks are a prolonged COVID-19 outbreak and more property market tightening policies in China, while higher rental reversion could be a potential re-rating catalyst. Swire Properties posted full-year revenue of HK$13.3 billion ($1.7 billion at current rates), down more than 6 percent from 2019, led by a 51 percent drop in hotel revenue. Diese Vereinbarung sieht … Management expects negative rental reversion in 1H21F but remains optimistic of the leasing demand due to the prime location of the office cluster, and believe the “work-from-home” trend will not negatively impact corporations’ demand for prime office space. Filed Under: Finance Tagged With: daily-sp, Featured, highlight, Hong Kong, Hongkong Land, Swire Properties, Your email address will not be published. Join the Mingtiandi Asia Value-Add Forum 2021, Join the Mingtiandi Multi-Family Investment Forum 2021, Join the Mingtiandi Logistics Real Estate Forum 2021, Join the Mingtiandi Sustainable Real Estate Forum 2021, Join the Mingtiandi Data Centre Forum 2021, Join the Mingtiandi Office Strategies Forum 2021, Join the Mingtiandi Proptech Forum in November. “With our balanced portfolio and strong balance sheet, we are well placed to withstand the effects of this difficult time and to benefit from improved conditions in the future,” said chief executive Guy Bradley. Year-end occupancy held up well at 99.7% as, With local shopping activities resuming, we expect local luxury retail sales to stage a solid recovery in FY21F which should benefit. In Shanghai, the group’s mixed-use development on the West Bund broke ground in October and is proceeding on schedule, with completion expected in multiple phases until 2027. Das Land hatte bereits vor der EMA-Entscheidung die Nutzung des Impfstoffes eingeschränkt. UOB Share Price, Located on the 11th floor of the Grand Hyatt, the Plateau Spa is a self-contained resort within a hotel, offering privacy, seclusion and an escape from the vibrant city of Hong Kong. The London-listed developer reported 2020 revenue of $2.1 billion, down 9.7 percent from a year earlier, while underlying profit attributable to shareholders fell 11 percent to $963 million.