CK Asset raked in revenue of HKD47.6 billion (USD6.1 billion) in the six months ended June 30, the Hong Kong-based real estate developer said in its interim financial report released yesterday. ( read original story ...)
Hong Kong buyers shun investment in Greater Bay Area homes amid uncertainty over project completions, border reopening
Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China. ( read original story ...)
Hong Kong property investments surge 52% to USD2.2b in Q2
The total investments for H1 is now at USD3.7b. The record-high rate hike by the US Federal Reserve caused investors to delay their decisions during the second quarter of 2022, but Colliers believes ... ( read original story ...)
Hong Kong should stop building Home Ownership Scheme flats, reallocate land for public rental houses, says JLL boss
The waiting time for a public rental property currently stands at 6.1 years, a 23-year high 'There is no reason to help people buy houses when the situation is so critical,' says Joseph Tsang, ... ( read original story ...)
What buyers of uncompleted properties overseas from Hong Kong should do to protect their interests
Buying uncompleted properties overseas comes with inherent risks and buyers should seek professional advice before taking any decision The Estate Agents Authority has embarked on several campaigns, ... ( read original story ...)
China mortgage strikes threaten property sector’s house of cards
HONG KONG -- Chen Peng put his entire life savings, and that of his parents, into a 300,000 yuan ($44,000) down payment for a condominium that should have been finished in 2018. Four years later ... ( read original story ...)
HSBC: H-based Mortgage Rate to Touch Peak with Notably Heavier Weight Next Few Mths
HSBC HOLDINGS (00005.HK)'s Hong Kong mortgage business involves the HIBOR-based mortgage interest rate cap, according to Group Chief Financial Officer Ewen Stevenson, who expected the weight to be ... ( read original story ...)
Head to Head Comparison: Hongkong Land (OTCMKTS:HNGKY) versus Alset EHome International (NASDAQ:AEI)
Hongkong Land (OTCMKTS:HNGKY – Get Rating) and Alset EHome International (NASDAQ:AEI – Get Rating) are both finance companies, but which is the better investment? We will contrast the two businesses ... ( read original story ...)
Unit Of Chinese Property Giant Evergrande Ordered To Pay $1.1 Billion
A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing. ( read original story ...)
China’s Politburo to ensure delivery of unfinished homes to prevent mortgage-boycott crisis from escalating
The statement comes amid a mortgage boycott by homebuyers that has delivered another ... co-founder of MegaTrust Investment (Hong Kong), a boutique China asset manager. “What the real estate market ... ( read original story ...)
Hong Kong residential sales drop 22.2% to 4,826 units in June
There were 1,382 primary sales during the month. Sales activity in Hong Kong’s residential market slowed down in June. Knight Frank reveals there were a total of 4,826 transactions recorded, dropping ... ( read original story ...)
Hong Kong buyers flock to Novo Land in Tuen Mun in pre-emptive move ahead of city’s first prime rate increase in four years
Buyers on Saturday snatched up 78 per cent of the 336 units on offer at Sun Hung Kai's Novo Land development in Tuen Mun Demand was fuelled by steep discounts offered by the developer and speculation ... ( read original story ...)
Hong Kong finance chief says property market remains resilient
Hong Kong Financial Secretary Paul Chan said on Thursday the property market remains resilient although sentiment will be dented by increased mortgage payments amid higher interest rates. ( read original story ...)
Latest interest rates rise shows need to get Covid balance right in Hong Kong
They will have to weigh what they expect to save on the deal against the cost of higher mortgage repayments. Estimates of price falls of up to 20 per cent as higher rates kick in are only speculation. ( read original story ...)