00242 SHUN TAK HOLD
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SHUN TAK HOLD News
Market Chatter: Hong Kong Real Estate Developers Continue Sweetening Price Offerings to Drive Sales
Hong Kong's Distressed Commercial Real Estate Sales Soar in H1
Market Chatter: Hong Kong Office Vacancy Rate Hits New High in June
Collateralized mortgaging: After the withdrawal of the spice, new Hong Kong people have become a new purchasing power, and it is expected that the price of Hong Kong's entire year will narrow down by 3% to 5%.
According to Cao Deming, the mortgage ratio of new Hong Kong residents has been consistently high, increasing from 18.6% in the first quarter of last year to 29.2% in the second quarter of this year.
Hong Kong Rents Reach Pre-Pandemic Levels on Mainland Demand
Channels: There are signs that the impact of the withdrawal of hot measures in Hong Kong is slowing down, and it is expected to affect the performance of mortgage and insurance in the third quarter.
According to the report from The Intelligent Finance and Economics App, on June 12th, Cao Deming, the vice president of Jieluo Mortgage Brokerage, stated that the Hong Kong property market saw a brief rebound in transactions after the removal of the stamp duty. Coupled with new buyers gradually moving into properties purchased earlier this year, the demand for new mortgages has significantly increased.
We Think Some Shareholders May Hesitate To Increase Shun Tak Holdings Limited's (HKG:242) CEO Compensation
Ricard Court: Hong Kong property prices rose for two consecutive months, and the increase narrowed markedly in April
The Zhitong Finance App learned that Chen Haichao, head of the research department of Li JiaGe Real Estate, said that Hong Kong property prices rose for two months, reflecting the effect of removing spiciness. However, the increase narrowed significantly in April, dragged down by new listings being sold at low prices, making it difficult for second-hand owners to continue to harden their prices. Some anxious landlords may need to cut prices accordingly, putting pressure on second-hand property prices;
China Property Stocks Rally as More Cities Unveil Rescue Steps
China May Need Large-Scale Funding to Lower Housing Inventories
Interpretation of ESG Annual Report | Shun Tak Group (00242) Releases 2023 ESG Report Committed to Creating a Sustainable Built Environment
Recently, Sindh Group (00242) released the “2023 Sustainability Report”. This is the 10th sustainability report published by Sindh Group to outline the Group's philosophy and commitment to sustainable development and clearly disclose its sustainability initiatives and performance over the past year.
SHUN TAK HOLD: ANNUAL REPORT 2023
The Hong Kong Buildings Department approved 14 building plans and issued 15 entry sheets in February
The Hong Kong Buildings Department approved a total of 14 building plans in February, including 5 for Hong Kong Island, 4 for Kowloon and 5 for the New Territories; these include 9 residential and commercial developments, 2 commercial developments, and 3 community service developments.
CBRE: Progressive residential rating system has a big impact on developers with more luxury properties
The Hong Kong government mentioned earlier that it will introduce a progressive rating system for residential properties. Lin Ling, executive director of CBRE Hong Kong Valuation and Advisory Services, believes that this measure will have an impact on medium to luxury properties, and is expected to have a big impact on developers with more luxury properties.
Australia, China, India May Cut Rates Even If Fed Doesn't
China's Economy Expected To Surge 5.3% This Year, Fueled By Property Sector Stabilization And Regional Growth: AMRO
China's Service Economy Expands Further, Adding to Signs of Recovery
Hong Kong Homebuyers Flock to New Projects, Shunning Used Flats
Zhongyuan Real Estate: The Hong Kong property market is expected to reach 5,000 first-hand transactions in March and is expected to recover a 15% decline by the end of the year
The property market clearly regained prosperity in March. In March, the Hong Kong property price index will reflect the new situation in the property market after the withdrawal. The index is expected to stop falling and stabilize, or even rise slightly.
Shun Tak Group (00242.HK): Net loss of HK$677 million in 2023
Glonghui March 26 | Shun Tak Group (00242.HK) announced that for the year ended December 31, 2023, revenue was approximately HK$4,068 billion, up 16.5% year on year; the consolidated loss attributable to company owners for the year was HK$677 million (2022: HK$558 million). The relevant loss attributable to owners (mainly adjusted for unrealized fair value changes arising from investment properties) will be HK$209 million (2022: HK$102 million). Basic loss per share was HK22.4 cents (2022: HK18.5 cents).
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