00242 SHUN TAK HOLD
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SHUN TAK HOLD News
信德集團：2023年年報
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
The central banks of Australia, China, India, Korea and Thailand may decouple from the Fed and cut rates even if the U.S. central bank stands pat this year, Nomura analysts say in a note. The APAC cen
China's Economy Expected To Surge 5.3% This Year, Fueled By Property Sector Stabilization And Regional Growth: AMRO
The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China's economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.What Happened: AMRO
China's Service Economy Expands Further, Adding to Signs of Recovery
A private gauge of China's services activities notched a 15th straight month of growth, adding to signs of green shoots in the world's second-largest economy as government stimulus measures kick in.
Hong Kong Homebuyers Flock to New Projects, Shunning Used Flats
Hong Kong homebuyers are snapping up new properties after the government cut taxes last month.
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).
SHUN TAK HOLD: 2023 ANNUAL RESULTS ANNOUNCEMENT
Knight Frank: Maintaining an L-shaped forecast for property prices in Hong Kong this year, it is expected to drop by up to 5%
Maintaining the original L-shaped forecast for this year's property price trend, there is still an opportunity for property prices to fall by 3% to 5% in the first half of the year, stabilized slightly in the second half of the year, and is expected to remain flat or fall by up to 5% throughout the year.
American League: It is expected that the turnover of commercial stores in Hong Kong will rise by 20% year-on-year this year, and prices are still under pressure
Recently, the Hong Kong Government introduced a number of favorable policies to promote the development of the real estate industry
Li Jia Court: Hong Kong's 50 target housing estates recorded 150 sales last week, a 54-week high
The Zhitong Finance App learned that Chen Haichao, head of the research department of Lijiagge Real Estate, said that the “bamboo shoots” of second-hand housing estates have yet to be added after the previous round of rapid digestion. As owners tend to hesitate to sell one after another, the transaction progress has slowed slightly.
China's Economy Has yet to Bottom Out, Nomura Says
China's economy has yet to bottom out, with the property market continuing to slide and the risk of a fiscal cliff on the rise, Nomura Research economists say in a note. While there is some resilience
Hong Kong Real Estate: Last week, 69 second-hand transactions in Hong Kong's top 20 housing estates hit the second highest in more than 1 year
The Zhitong Finance App learned that Wang Pindi, director of the Hong Kong Real Estate Research Department, said that according to figures recorded by the Frontline Branch, the top 20 major housing estates in Hong Kong recorded 69 second-hand sales transactions last week (March 11 to March 17). Although this is a decrease of about 14.8% from the previous week (March 4 to March 10), it is still the second highest in over a year.
Hong Kong Housing Rebound Starts to Cool as Weekend Sales Fall
Hong Kong’s home sales rebound is beginning to lose steam, if last weekend’s transactions at major estates are any guide.
Shun Tak Group (00242.HK) held a board meeting on March 26 to approve publication of annual results
Glonghui March 14 | Shun Tak Group (00242.HK) announced that it will hold a board meeting on March 26, 2024 (Tuesday) to (among others) approve the publication of the company's and its subsidiaries' annual results announcements for the year ended 31 December 2023, and consider recommending payment of a final dividend (if any).
SHUN TAK HOLD: DATE OF BOARD MEETING
CICC: Where is the Hong Kong property market?
On February 28, the Hong Kong Special Administrative Region Government announced the withdrawal of all residential property demand management measures (mainly adjustments to stamp duty policies). Since the New Deal, Hong Kong property market transactions have clearly picked up, drawing market attention.
Komo: Removing spiciness will boost sales in the Hong Kong property market in the short term, but we should not be overly optimistic
Komo expects that the Hong Kong property market turnover will improve by 30% year on year, but residential property prices will still fall 5% to 10%. Compared with property market turnover, property prices are driving Hong Kong developers' stock prices even more strongly.
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