SHK Properties presents analysts with a positive surprise

Article Abstract:

Sun Hung Kai Properties Ltd of Hong Kong decided to pay a full-year's worth of dividends to its investors. The property developer, which paid HK$1.55 ($0.1995) per share to its shareholders, reported earnings of HK$9.28 billion for the FY ending Jun 30, 1999, a 28% improvement over its performance for FY 1998. The dividend payout, 10% over the amount predicted by industry analysts, is seen as an indication of a strong cash position and a future expansion in terms of land holdings.

Land Subdivision and Land Development, Subdividers & Developers, Securities issued, listed, Real estate developers, Securities, Sun Hung Kai Properties Ltd.

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Office market is revived in Hong Kong and Singapore

Article Abstract:

Hong Kong and Singapore's office property markets are reviving even as Asia slowly emerges from a crippling recession. Analysts, however, have disparate opinions about the rapidity of the recovery of the office property market in those cities and are quite cautious about the market in other Asian countries. A number of them believe that Singapore's office property sector will rebound much more quickly than that of Hong Kong because of the island state's firmer economic recovery.

Forecasts, trends, outlooks, Commercial and Institutional Building Construction, Singapore, Office Buildings, Office construction, Office leases

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Hong Kong mortgages grow; market unlikely to recover in first quarter

Article Abstract:

Analysts remain pessimistic about the recovery of Hong Kong's property market in 1st qtr 1999 due to increased unemployment and salary reductions. Equity prices are also expected to fall due to an increase in bankruptcies which would, in turn, cause property prices to follow suit. However, new residential mortgages grew by 48% to $1.9 billion in Nov 1998 while local interest rate cuts spurred new apartment sales for the same month.

Commercial Banks, Sales & consumption, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Economic aspects, Mortgages

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