{"id":104461,"date":"2019-02-27T12:36:39","date_gmt":"2019-02-27T05:36:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-first-half-profit-rises-29-per-cent-propelled-by-surging-home-sales-in-hong-kongs-property-bull-market\/"},"modified":"2019-02-27T13:03:07","modified_gmt":"2019-02-27T06:03:07","slug":"new-worlds-first-half-profit-rises-29-per-cent-propelled-by-surging-home-sales-in-hong-kongs-property-bull-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-worlds-first-half-profit-rises-29-per-cent-propelled-by-surging-home-sales-in-hong-kongs-property-bull-market\/","title":{"rendered":"New World\u2019s first-half profit rises 29 per cent, propelled by surging home sales in Hong Kong\u2019s property bull market"},"content":{"rendered":"


\nNew World Development, Hong Kong\u2019s fourth-largest developer by value, posted the biggest jump in interim earnings in two years, propelled by rising home sales in the first half of its financial year, as it cleared unsold property off its books before a proposed vacancy tax takes effect.The developer\u2019s core profit, excluding revaluation gains on investment properties, rose 29 per cent to HK$5.4 billion (US$687.49 million) in its first half ended December, according to a statement to the Hong\u2026
\n
\nSource : South China Morning Post
\nRead more…New World\u2019s first-half profit rises 29 per cent, propelled by surging home sales in Hong Kong\u2019s property bull market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New World Development, Hong Kong\u2019s fourth-largest developer by value, posted the biggest jump in interim...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104461","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-raR","jetpack-related-posts":[{"id":105905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-bull-market-regains-its-pace-as-sales-value-of-citys-subsidised-homes-soars-to-22-year-high\/","url_meta":{"origin":104461,"position":0},"title":"Hong Kong\u2019s real estate bull market regains its pace, as sales value of city\u2019s subsidised homes soars to 22-year high","date":"April 9, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property bull market regained pace after a brief falter, extending its reach over to the city\u2019s subsidised housing market as the number of transactions and sales value soared.The number of pre-owned flats sold through the Home Ownership Scheme (HOS) increased 60 per cent to 477 units in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-rush-to-bid-for-kai-taks-latest-residential-land-plot-as-bull-market-returns-to-hong-kongs-real-estate\/","url_meta":{"origin":104461,"position":1},"title":"Developers rush to bid for Kai Tak\u2019s latest residential land plot as bull market returns to Hong Kong\u2019s real estate","date":"May 3, 2019","format":false,"excerpt":"\r Developers submitted seven bids for the third-largest residential plot at Hong Kong's former Kai Tak airport, as April sales data showed home transactions jumping by 52.8 per cent from March, in a clear sign of the bull market\u2019s return to the world's most expensive city.Kai Tak\u2019s Area 4C Site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-lands-underlying-profit-rises-38-per-cent-beats-estimates\/","url_meta":{"origin":104461,"position":2},"title":"Henderson Land\u2019s underlying profit rises 38 per cent, beats estimates","date":"March 21, 2018","format":false,"excerpt":"\r Henderson Land Development, owned by one of Hong Kong\u2019s wealthiest families, revealed it holds majority stakes in 51 projects to redevelop old tenement buildings in the city as it reported better-than-expected underlying profit. Excluding revaluation gains on investment properties, underlying profit jumped 38 per cent to HK$19.55 billion in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-february-home-price-index-rises-to-record\/","url_meta":{"origin":104461,"position":3},"title":"Hong Kong\u2019s February home price index rises to record","date":"March 31, 2017","format":false,"excerpt":"\r Home prices of Hong Kong, the world\u2019s least affordable major city, rose for the 11th consecutive month to a record in February, as buyers swarmed new apartment projects to place bookings before the city\u2019s banks raise their mortgage rates. Ferbruary\u2019s home price index rose 1.1 per cent to 312.8,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sun-hung-kai-properties-records-36pc-interim-profit-jump\/","url_meta":{"origin":104461,"position":4},"title":"Hong Kong\u2019s Sun Hung Kai Properties records 36pc interim profit jump","date":"February 27, 2018","format":false,"excerpt":"\r Sun Hung Kai Properties, Hong Kong\u2019s second-largest developer by market capitalisation, reported a 36.7 per cent jump in first-half underlying profits on Tuesday, driven by upward spiral in home prices and strong sales. Underlying profit, excluding revaluation gains on investment properties, climbed to HK$19.97 billion for the July to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-snap-up-hong-kongs-biggest-weekend-property-sales-in-six-years-convinced-that-the-bull-market-is-here-to-stay\/","url_meta":{"origin":104461,"position":5},"title":"Homebuyers snap up Hong Kong\u2019s biggest weekend property sales in six years, convinced that the bull market is here to stay","date":"May 4, 2019","format":false,"excerpt":"\r Hong Kong\u2019s biggest weekend home sale in six years got off to a decent start, as a double-digit surge in April property transactions gave buyers the confidence that the city\u2019s real estate bull market is here to stay.A total of 1,148 new flats were offered across the city at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104461"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104461"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}