Hailan Holdings (2278 HK): Conditional Offer Open but Success Is Daunting
The acceptance condition is daunting due to the high hurdle rate and the lack of a bump. Risk/reward is unattractive as the current gross spread of...
Hong Kong Property Developers: Eminent Domain
Henderson has the most to lose from any authoritative land resumption, followed by NWD. Perhaps more land donations are forthcoming, and fiduciary...
New Stamp Duty Negative on Transaction Volume in the NearTerm
The Hong Kong government announced a new ad valorem stamp duty, or AVD, late on Nov. 4. Effective Nov. 5, except for first-time homebuyers who are...
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