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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChair of Hang Lung Properties talks business strategy for mainland China’s property marketAdriel Chan, chair of Hang Lung Properties, reveals the company's business strategy for mainland China's property market, plus its unique partnership with LVMH on sustainability.
Persons: Adriel Chan Organizations: Hang Lung Properties, Hang Lung, LVMH
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate in mainland China remains good, says Hang Lung Properties Honorary Chair Ronnie ChanRonnie Chan, honorary chair of Hang Lung Properties, shares his thoughts on mainland China's property market and what's stopping the company from investing in Saudi Arabia.
Persons: Ronnie Chan Ronnie Chan Organizations: Hang Lung Locations: China, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhatever it is you’re doing, do it with excellence, says chair of Hang Lung PropertiesThe leaders of Hang Lung Properties reveal the meaning behind the company's motto, "We do it well," and the importance of giving back.
Organizations: Hang
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHang Lung Properties says finding financing in mainland China has started to get easierAdriel Chan, vice chair at Hang Lung Properties, says "definitely, the requirements have been easing, and obviously, with the new announcements, it should be even easier."
Persons: Adriel Chan Organizations: Lung Locations: China
"Safeguarding national security is the shared responsibility by the entire Hong Kong society," the Development Bureau told Reuters, confirming the media report. Hong Kong Economic Times reported that Hong Kong authorities began to include applicable provisions of the National Security Law in the terms of land sales and short-term leases in the Asia financial hub. That sent Hong Kong property stocks index (.HSNP) down as much as 4.9% to the lowest in six weeks, compared to a 0.1% slip in the benchmark Hang Seng Index (.HSI). "It suggests that developers will be even more cautious in putting a bid in land sale," said Steven Leung, a sales director at UOB Kay Hian. Hong Kong and Chinese authorities say it is necessary to restore stability after anti-government protests in 2019.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHang Lung Properties says Hong Kong property recovery will not be 'V-shaped'Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Likewise, property group CIFI Holdings posted a 23% year-on-year drop in home sales in China for the first half, but reported a 69.5% lift in its property investment revenue. While some investors sold assets to stay liquid, Spiro said the commercial sector generally has more supportive government and fiscal policies. All in all, the Chinese commercial property sector's resilience lies in its ability to rebound faster than its residential counterpart. Down but not outBut unlike housing, the commercial sector is rebounding particularly after lockdowns ended and government incentives kicked in, CBRE said.
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