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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Speymill Mac. | MCAU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.8225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.8225 | 0.8225 |
| Top Posts |
|---|
Posted at 08/3/2012 10:11 by praipus Weiss Asset Management arrivingBB of Weiss and other value investor holdings Prospects RNS including tender offer |
Posted at 23/6/2009 09:43 by energyi RELATED(1) == == == Fulton Mak, writing in today's SCMP: "I'm surprised to learn that it quit the deal without securing a new buyer and was returning the property to the developers," said Gregory Ku Ka-ho, the managing director at Jones Lang LaSalle (Macau) Many buyers had shown interest in the project and were willing to take it over at HK$3,800 to HK$4,000 per square foot, Mr. Ku said. Owners needed to spend about HK$700 to HK$800 psf to furnish the units, as they would be bare upon delivery, he added. Units at One Central Residences, launched for sale in the second half of 2006, fetched more than hk$8,000 psf when the market peaked in 2007. But selling prices have dropped to between hk$4,800 and hk$5,000 psf in the secondary market. (2) == == == THE SALES EFFORT - described here, failed Thursday, October 16, 2008 Iceland firms put properties on sale Country's economic collapse prompts bid to divest holdings in Hong Kong and Macau. Icelandic companies are offloading real estate in Hong Kong and Macau following the collapse of their country's financial system, raising fears other cash-strapped foreign investors are preparing to exit the local property market. Iceland is among the countries worst hit by the credit crunch, with its financial system in virtual meltdown. Its banks have shortfalls or losses of about £37 billion (HK$504.23 billion), equivalent to £115,000 for each of its 320,000 citizens. The small island nation's largest insurer, Sjova-Almennar Tryggingar, is selling its residential block at One Central Residence in Macau, while in Hong Kong, Iceland-based investment bank Askar Capital is putting it jointly owned luxury homes in Chung Hom Kok on the market. "As the country is in big trouble, it is sensible that private institutions will try to repatriate funds back home," said a source familiar with the Macau deal. Sjova-Almennar Tryggingar bought the Macau property, which is still being built in November 2006 at HK$782.74 million, or HK$4,410 per square foot, from a joint venture between Hong Kong Land Holdings and Shun Tak Holdings. The insurance company has paid 30 percent of the purchase price and is required to pay the balance when the property is ready to be handed over next year. /more: |
Posted at 28/7/2008 15:53 by energyi 11 June 2008High-end US$132 million Residential Investment Speymill Macau Property Company plc (AIM: MCAU), the Macau focused property investment company listed on AIM, is pleased to announce that, on 10 June 2008, it entered into a forward funding arrangement with Companhia de Construcao e Investimento Ho Chun Kei, Limitada, a local Macau developer ("Ho Chun" or the "Developer") to finance the development of a high-end residential building in the inner harbour area on the southwest of Macau Peninsula. At completion of the development, the Company has committed to purchase 259 residential units, ranging in size from approximately 870 square feet gross floor area for 2-bedroom units to approximately 1,300 square feet gross floor area for 3-bedroom units. The development will consist of 4 towers and aim to be a landmark residential development with a clubhouse and car park. The residential units will offer excellent views over to Zhuhai as well as landmark views over Penha Hill and Central Macau Peninsula. It is currently envisaged that the units will be sold prior to completion and handover in 2010. The total consideration is HK$1,028,036,000 (US$132 million), of which 30% is to be settled immediately, with the remainder becoming payable upon completion. The Developer has achieved all relevant government approvals, planning and building permits as well as licenses for the development. The development is currently undergoing the formal process of achieving government gazetting for its revised land conditions and this process is expected to be completed within the next 12 months. The location of the development should benefit from the opening of Ponte 16, increased accessibility through the development of the light transit railway and the continued regeneration of the inner harbour area. Ho Chun started developing Macau real estate in the late 1970s and is currently principally engaged in real estate development, property management, infrastructure construction and project management. It is one of Macau's prominent developers and has developed and constructed more than 100 buildings in Macau. Commenting on the investment, Peter Churchouse, a director of the Company, said, "This acquisition offers a great opportunity to invest in the emerging inner harbor area of Macau with its close proximity to the historic parts of Macau Peninsula, the central business and gaming districts. We believe that the smaller size of the units should be attractive for local residents as well as international buyers. We remain confident in the demand for modern housing units in a supply-constrained economy that is growing its labour force very rapidly. Further I would like to take the opportunity to thank our investors for their continued support of the Company and its strategy." /see: |
Posted at 26/3/2007 07:10 by energyi BEARISH Story on Macau Casinos in today's SCMP, entitled:"Winning Run ends as Macau Plays tumbles" It talks about: + the 22-26% falls in the main two US markers, WYNN, and LVS + shares in Melco have plunged as much as 40% from their Dec.19th debut on Nasdaq + "the shares remain hugely expensive, and investors and analsyts are worried about rising costs in Macau, underwhelming growth in visitor spending and infrastructure bottelnecks" + "the current trend doesnt support the massively bullish argument- that you build it, and they will come, and that each time you open a new property, you are going to see a surge in visitations from the mass-market Chines visitor + Despite an 18 percent rise in vistations, spending per visitor rose only 1 percent + Gaming revenues from the walk-in mass market appeared to be growing at a 30 to 40 percent clip, and the VIP market looked aneamic at 3 per cent + Important, because margins on mass-market are 35 to 40 percent, against only 10 to 15 percent on VIP business (due ti big fees paid to VIP tour organisers). However, there was an error in the data collection. The real figures were more like: 15% and 9%, respectively. = = THIS IS CASINOS, But some of the disappointment is likely to spill over into the Macau property market, especially if disappointing share performance continues |
Posted at 19/1/2007 02:20 by energyi DIVERSITY IN MACAU'S Property MarketRich and Eminent Flats at The Manhattan are priced at $3,200 per square foot and the smallest flat is 1,600 square feet, so the building isn't aiming at casino floor workers. Jimmy Yeung, sales director of Midland Realty Macau, says that the target clients of this kind of selective luxurious apartments are not ordinary families, but moneyed classes from greater China and around the world. Macau has gotten on the jet set's radar as it begins to add world class shopping and other facilities, so it follows that Macau should have some world class homes as well. With the support from these four types of buyers, international investors still believe there's a healthy market for luxurious apartments in Macau. No Fold Forecast "I cannot say for sure how many fold the price of real estates in Macau will go up in the coming year, the year after next year or at any specific time," Rico Kwok of Centaline admitted. "But from my experience as a practitioner in the purchase and sale of properties and based on my own data analysis: first, I cannot see by any chance that the property market of Macau will adjust downward in the future; second, the property market of Macau enjoys a variety of conditions for it to appreciate, especially [since] the prices of real estate remain moderate and luxury apartments are fully fitted with the necessary amenities". Midland's Yeung pointed out, "In the future, the price of luxury apartments and that of old Chinese building and flats diverge farther and farther. Since there are sufficient buyers who favour luxury apartments, their prices will simply go up and never come down. People will sell old Chinese buildings and flats, which have relatively less attractive conditions, when they change apartments. There are many old Chinese buildings around, thus their prices are being pushed down. If people simply wish to have a place to live, the people of Macau still have sufficient choices." For most workers, rises in salary cannot catch up with the rise flat prices. But more local people are becoming rich and the number of rich people coming from abroad to Macau is on the rise. A bowl of wonton noodle soup will never be HK$10 again, and the era of HK$800 square foot luxury apartments is already a part of history. Neither one is likely to come back. ...more: |
Posted at 27/12/2006 07:43 by wassapper Energyi - Maybe the Gave's are right? |
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