SINGAPORE - Gaming tech firm Razer is seeking to raise up to US$545 million (S$743 million) through an initial public offering (IPO) in Hong Kong that could value the company at up to US$4.55 billion. Razer, which is on a roadshow until Nov 6, has ... ( read original story ...)
Games Win Puts Focus on Banks’ Push for Gay Rights in Hong Kong
Because of the lack of legal status, some employees have refused to move to Hong Kong, according to an executive at a global bank who asked not to be identified because of the political sensitivity of the issue. But instead of easing rules, the Hong Kong ... ( read original story ...)
A tale of two cities: how home prices affect Hong Kong and Shanghai’s competitiveness
As Shanghai and Hong Kong battle for supremacy on the economic and financial fronts, property prices in the two cities could potentially become the game changer. According to a study jointly conducted by the United Nations and the Chinese Academy of Social ... ( read original story ...)
Land premiums unlikely to come down under Starter Homes scheme, Hong Kong leader Carrie Lam says
Hong Kong’s leader has poured cold water over suggestions that the government lower land premiums for developers taking part in its new housing initiative for young, middle-income families. Against the backdrop of an overheated property market ... ( read original story ...)
Sunwah Group tempts Hong Kong buyers with Ho Chi Minh City property project
Investors from Hong Kong, the top buyers of property in Ho Chi Minh City where home prices have doubled in less than 10 years, got first preference on a new tower in the Vietnamese city. Sunwah Group, a Hong Kong developer with a heavy focus on Vietnam ... ( read original story ...)
First hand property buyers borrow HK$6.3b in September
Hong Kong home buyers borrowed more last month to finance first hand properties. Mortgage loans financing primary market deals increased by 6.6 percent to HK$6.3 billion, the Hong Kong Monetary Auhority said. Mortgage loans financing secondary market ... ( read original story ...)
Li Ka-shing’s CK Asset to be Hong Kong’s top property seller with record US$6.4b sales
Cheung Kong Asset Holdings said its property sales in Hong Kong were set to hit a record HK$50 billion (US$6.409 billion) this year, making it likely to become the top property seller in the world’s most expensive city to live. “Our sales will climb to ... ( read original story ...)
Hong Kong’s property prices hit record-high in Sept, but growth cools
HONG KONG, Oct 31 (Reuters) - Hong Kong's private home prices extended their record-breaking run for the 11th straight month to reach an all-time high in September, but the pace of growth cooled in the financial hub which is often regarded as one of the ... ( read original story ...)
As China’s home prices cool, some property companies seek to reduce risks
HONG KONG (Reuters) - As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. They are reducing balance sheet leverage, buying land ... ( read original story ...)
Rise of real estate tycoons: Billionaires keep bubbling up in China’s soaring property market
HONG KONG/SHANGHAI — Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed upward since the start of the year, adding US$44.3 billion to ... ( read original story ...)
Hong Kong stocks slide to pare monthly gain as slowing manufacturing stokes bad loan concern
Hong Kong stocks fell for a second day, trimming a monthly advance, on mounting concern that bad loans at Chinese banks will increase after Bank of China reported worse-than-expected earnings growth and official data showed China’s manufacturing ... ( read original story ...)
Hong Kong to host 2022 Gay Games as LGBT acceptance grows in parts of Asia
HONG KONG (Reuters) - Hong Kong will host the 2022 Gay Games, fighting off bids from cities in the United States and Mexico to become the first Asian city to stage the sports and cultural event. The win comes amid growing momentum for the gay rights ... ( read original story ...)