戴德梁行：今日全球楼市速览(2010.03.31)

2. Commonwealth Bank of Australia – has opened its 1st branch on China's mainland in Shanghai to capitalize on the rising trade between China and Australia. The Shanghai branch will run corporate banking services. The bank opened a representative office in Beijing as its 1st foray into the mainland market. (Shanghai Daily).

Hong Kong

1. Billionaire Li Ka-shing's property flagship Cheung Kong Holdings reported a 53 percent surge in net profit last year to HK$19.9 billion from 2008 as home sales rose along with investment property values. Turnover from property sales grew by 55 percent to HK$21.5 billion and profit contribution gained 28 percent to HK$8.4 billion, which Li found to be ``satisfactory.'' Revenue from mainland projects rose 76 percent to HK$6.7 billion. (The Standard).

2.Chinese Estates returned to the black last year, posting a net profit of HK$8.65 billion from a net loss of HK$1.49 billion in 2008. Fair value gains on investment properties hit HK$8.56 billion as housing prices recovered in the mainland and Hong Kong - versus a loss of HK$7.47 billion in 2008. (The Standard).

3.Henderson Land said net profit for the 18 months to December was HK$14.3 billion. This compares with HK$15.5 billion for the year to June 2008. The property giant moved the end of its financial year from June to December. Excluding the HK$7.2 billion increase in the value of investment properties, underlying profit from July 2008 to last December was HK$6.1 billion. (The Standard).