HONG KONG, July 2 These are some of the leading
stories in Hong Kong newspapers on Wednesday. Reuters has not
verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
-- Property conglomerate China Yintai Holdings, which
partnered with California-based Tesla Motors last month
to provide free charging facilities for its electric cars, hopes
the alliance will lend its brand a touch of glamour and
associate it with innovation and eco-friendliness.
-- Medium-sized Chinese developer Landsea Group, the parent
company of Landsea Green Properties, is gearing up to
build more high-end housing in its product mix on expectation
that Beijing will gradually wind back home purchase curbs.
-- Opus Hong Kong, the mid-levels east project of Swire
Properties, offloaded its third flat for HK$430
million ($55.48 million), or HK$79,497 per sellable sq ft,
slightly lower than its lowest guidance price of HK$450 million.
HONG KONG ECONOMIC JOURNAL
-- Audit firm Ernst & Young said Hong Kong's initial public
offerings in the first half totalled $10.4 billion, making it
number four in the world. It expected the amount of funds raised
by the bourse would surpass London in the second half and Hong
Kong to become one of the top three.
HONG KONG ECONOMIC TIMES
-- Hong Kong banks raised the valuation of several
properties by 4.7 to 6.4 percent to catch up with the rebound in
residential housing prices since the end of May.
For Chinese newspapers, see...............
($1 = 7.7507 Hong Kong Dollars)
(Reporting by Clare Jim; Editing by Subhranshu Sahu)