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Market Chatter: Apartments at New World Development-Far East Consortium Joint Development Cost Higher
The prices of apartments sold by New World Development (HKG:0017) and Far East Consortium International (HKG:0035) at the former runway of Hong Kong's Kai Tak airport rose 5% from its previous list,
[HK Stock Connect] New World Dev (00017) and FE Consort Intl (00035) jointly launch the sale of Phase 1 of Park Yoho Genova Development project.
Jointly developed by New World Development (00017) and F.E. CONSORT INTL. (00035), Kowloon East Harbourshore Oasis I (Phase 1 of Harbourshore Development Project) offers only three unique rooftop units known as "SKYFOREST". The units will be sold by tender. The "SKYFOREST" rooftop units include Unit A on the 29th floor of Tower 5, with a layout of three bedrooms and an area of 512 square feet plus a 369 square feet rooftop; Unit C on the 29th floor of Tower 5, with a layout of three bedrooms and one suite and an area of 560 square feet plus a 394 square feet rooftop; Unit G on the 29th floor of Tower 5, with a layout of two bedrooms plus a study room.
Market Chatter: New World Development-Far East Joint Project Prices Kai Tak Apartments to Eight-Year Low
Hong Kong real estate companies New World Development (HKG:0017) and Far East Consortium (HKG:0035) discounted the prices of their joint project in Kai Tak to an eight-year low, the South China Mornin
Fe Consort Intl (00035.HK) received a shareholding increase of 0.1 million shares by Executive Director Qiu Yongxian.
According to the latest equity disclosure information from the Stock Exchange, on June 28, 2024, Fe Consort Intl (00035.HK) was increased its shareholding by director Qiu Yongxian at an average price of HKD 1.07 per share in the exchange with a total of 0.1 million shares, involving approximately HKD 0.107 million. After the shareholding increase, Qiu Yongxian's latest shareholding amount is 2.37815 million shares, and the shareholding ratio is 0.08%.
Kai Tak Parkside I will launch at the fastest this week, and New World Development (00017) is vigorously drafting the blueprint for the development of Kai Tak.
According to the Smart Finance and Economics APP, on July 2, New World Dev(00017) and Fe Consort Intl(00035) announced the latest sales plan for the Bai Wei Sen I residential project on Qide Chengjing Street. The project will start pricing as early as this week. The project officially opened two model units with decorated two rooms and ready for occupancy standards today, marking the high-end housing project's formal entry into the public view. It is understood that Bai Weisen, which is developed in three phases, will provide 1,305 households. The first phase of Bai Weisen I, which is now on stage and has already uploaded a floor book, provides 291 households. The unit type covers one to three rooms, and the practical area of the standard unit ranges from 272 to 560 square meters.
Hong Kong stocks change | Fe Consort Intl (00035) rose nearly 4%. The profit attributable to shareholders increased by more than 30% year-on-year last year.
According to the Zhongtong Finance APP, FE CONSORT INTL (00035) rose nearly 4%, and as of the publication, it rose 3.96%, to HKD 1.05, with a turnover of HKD 4,145,300. On the news side, FE CONSORT INTL released its annual results for the year ending March 31, 2024, with the group earning HKD 10.204 billion, up 57.49% year on year; the profit attributable to shareholders of the company was HKD 226 million, up 31.31% year on year; the earnings per share are HKD 0.082, and the proposed final dividend per share is HKD 0.1. The announcement stated that the group's profitability was affected by several factors during the year, but was supported by the sale of property.
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