|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||4.7600 - 4.7600|
|52-week range||4.2500 - 5.3100|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||86.55|
|Forward dividend & yield||0.26 (5.53%)|
|Ex-dividend date||17 Mar 2021|
|1y target est||N/A|
As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message in closed meetings this year amid broader efforts to bring the city to heel under a sweeping national security law and make it more "patriotic," according to three major developers and a Hong Kong government adviser familiar with the talks. Beijing is no longer willing to tolerate "monopoly behaviour," the source added.
SINGAPORE (EDGEPROP) - Residential development The Pavilia Farm in Hong Kong has sold a total of 2,936 units across three phases, representing about 90% of total units and bringing in nearly HK$36 billion ($6.24 billion) in sales, says Hong Kong-listed developer New World Development. (See also: Hong Kong residents buy US$1.3 billion worth of homes in London after UK opened path to citizenship in July)Artist’s impression of a unit at The Pavilia Farm (Credit: New World Development)The project co
The past few years have seen a remarkable shift in fortunes between China’s tech-savvy moguls and their old-school Hong Kong counterparts — a trend that shows few signs of fading any time soon.