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Zhongyuan Real Estate: The Zhongyuan Valuation Index (CVI) has stabilized above 50 points for three consecutive weeks, indicating repeated contention in Hong Kong's property prices.
This week, the Central Plains Valuation Index (main Banks) CVI reported 50.35 points, a decrease of 3.85 points from last week's 54.20 points.
'Property Market to Pick up Next Year'
Kowloon Development's Subsidiary Acquires Two Property Investment Companies
KOWLOON DEV (00034.HK) intends to purchase all equity of Peifeng and Langdian.
On December 13, Gelonghui announced that KOWLOON DEV (00034.HK) entered into (i) the first agreement regarding the acquisition of Peifeng; and (ii) the second agreement regarding the acquisition of Langdian with the buyer Best Award Investments Limited (a wholly-owned subsidiary of the company). The total consideration for these acquisitions is HKD 88,864,000. According to the first agreement: the seller agrees to sell and the buyer agrees to purchase the shares sold by Peifeng (equivalent to the entire issued share capital of Peifeng); and the consideration for Peifeng is 33,06.
Express News | Kowloon Development - Unit to Buy Entire Stake of Dynamic Summit and Sunny Palace for HK$88.9 Mln
Market Chatter: One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says
Market Still Lacking Some Conviction On Kowloon Development Company Limited (HKG:34)
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