It owns and manages approximately 850,000 square meters of office and luxury retail property primarily in Hong Kong, Singapore, Beijing, and Jakarta. 3 Stocks to DOUBLE This Year The 10 Best Stocks to ... ( read original story ...)
Hong Kong chief executive election 2022: John Lee declares he has no plans to interfere much in the private property market, only aims to ‘stabilise’ it
Please consider supporting SCMP's journalism by subscribing. Hong Kong chief executive candidate John Lee Ka -chiu has said he does not plan to interfere much in the private property market, as his ... ( read original story ...)
Grand Mayfair I in Yuen Long sells out as Hong Kong chief executive candidate John Lee spells out housing policy
Hong Kong chief executive candidate John Lee Ka-chiu’s housing policy is likely to help more Hongkongers get on the property ladder, but he will have to come up with innovative solutions to solve the ... ( read original story ...)
Despite Covid, Hong Kong’s Office Market Enjoys 6 Months of Positive Absorption
The Grade A office market recorded a positive net absorption for the sixth consecutive month in March 2022, despite that the continued Covid social distancing measure, leading to a quiet leasing ... ( read original story ...)
Hong Kong residential transactions slip 1.5% to 2,869 in March
Secondary sales accounted for 94.4% of all transactions. Hong Kong’s residential market was quiet in March, but purchasing momentum in the secondary market gradually picked up, says Knight Frank. Data ... ( read original story ...)
How This Female Billionaire Managed To Sail Through China’s Property Slump – For Now
Wu Yajun, chairperson of real estate developer Longfor, now has a wealth of $15.2 billion. Compared with the 40% drop in net worth from 2021 levels suffered by Country Garden’s Yang Huiyan, 70% by ... ( read original story ...)
New HK Administration Must Focus On Housing Issue
Hong Kong has gone through many struggles over the past few years, first the 2019 protests, then the Covid pandemic. Recently as Hong Kong is ope ... ( read original story ...)
HKMC Raises Fixed Mortgage Rate by 0.25%
The Hong Kong Mortgage Corporation Limited (HKMC) announced to raise the interest rates for the fixed-rate mortgages for 10, 15 and 20 years by 0.25%, respectively. After the adjustment, the fixed ... ( read original story ...)
Hong Kong home prices fall to the lowest level since January 2021 as distressed owners slash prices, sell at a loss
Prices fell 0.7 per cent to 381.3 in March, the lowest since 381.9 in January 2021, government index shows Owners of 264 homes sold their homes at a loss in the first quarter, the highest since the ... ( read original story ...)
Hong Kong developers rushing 800 flats to market as easier Covid-19 rules break lull in home sales
As Covid-19 restrictions are loosened, developers expect homebuyers to throng to sales offices. Wheelock’s takings last weekend suggests there is still a lot of pent-up demand. ( read original story ...)
Newmark picks a down-time to open Hong Kong office, betting on recovery in the world’s most expensive commercial property market
The Hong Kong space expands Newmark’s global footprint of 160 offices, with 6,200 employees and US$2.9 billion in revenue last year. ( read original story ...)
HSBC profits plunge by 25% due to large loan impairments
HSBC saw a surge in mortgage lending in Britain in the first three months of 2022, but has reported an earnings dive following the escalation of the Russia-Ukraine war. ( read original story ...)
China property firms joined central bank talks on ways to help sector, sources say
HONG KONG/BEIJING- Several Chinese property developers attended talks with China's central bank last week to discuss the sale of distressed assets and other ways to support the real estate industry ... ( read original story ...)
Hong Kong’s homebuyers turn up in droves in a bout of revenge buying to snap up half of Wheelock’s Monaco Marines flats at Kai Tak
An estimated 70 per cent of customers bought for their own use, with investors making up the remainder of the purchases, bolstering confidence in the market’s buying power, agents said. ( read original story ...)