Beijing will let stressed real estate developers tap escrowed pre-payments, building on surprise cuts to interest rates and fresh support for M&A. It’s an imperfect, partial solution to a worsening ... ( read original story ...)
Exclusive: China drafts rules to ease property developers’ cash crunch
China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, ... ( read original story ...)
Shimao’s founder offers to sell two floors at The Center in Hong Kong as developer digs into his own pockets to pare company’s debt
Shimao is seen as one of China’s more conservative borrowers, in a property industry where most developers rely on bank loans to finance their land purchases and constructions, amid a tight cap on ... ( read original story ...)
Hong Kong housing officials raise concerns about small flat size, design procedures of subsidised home ownership scheme
Housing Authority members note unsold batch of 500 shoebox flats under Green Form Subsidised Home Ownership Scheme, saying low take-up rate suggests such tiny homes do not meet buyers' needs Alice ... ( read original story ...)
Hong Kong’s new lawmakers are mostly affluent homeowners, with property in mainland China and overseas. How well can they represent ordinary residents?
Assets declaration shows 69 out of 90 legislators are property owners, nearly half with mainland investments Not-so-diverse Legco raises questions about members' ability to reflect views of ... ( read original story ...)
Henderson prices flats at The Harmonie, Hong Kong’s first residential project this year, lower than The Vertex launched two years ago
The prices of flats at The Harmonie in Cheung Sha Wan are 4.2 per cent lower than The Vertex, which was launched in December 2019. ( read original story ...)
Hong Kong’s first carbon-focused fund eyes investments in projects to improve China’s climate-change ratings
Hong Kong’s sole household piped-gas supplier is launching a carbon-focused fund to extend its reach into the “smart energy” business. It will seek to invest in projects that aim to cut carbon ... ( read original story ...)
Cooling measures: Hong Kong couple still willing to pay nearly $1m in stamp duty for S’pore condo
SINGAPORE - The new property cooling measures took property agent Jaeson Lin's foreign clients by surprise but they decided to bite the bullet and buy their new apartment. . Read more at straitstimes. ( read original story ...)
Longfor Joins Peers With Spinoff, IPO for Property Management Arm
Longfor has applied to list its property management arm in Hong Kong, following in the footsteps of many of its peers The unit, Longfor Intelligent Living, ... ( read original story ...)
Chinese spy Christine Lee is daughter of Hong Kong immigrant
Christine Lee moved with her parents to Northern Ireland in 1974 before relocating to the West Midlands in 1985 and marrying her first husband in Birmingham when she was 21. ( read original story ...)
Hong Kong High Court judge urges feuding family of late billionaire tycoon Henry Fok to drop lawsuit
Warring relatives should think about alternatives to the courtroom for resolving questions surrounding Fok's HK$11.3 billion estate, judge says Five offspring from Fok's first family are at ... ( read original story ...)
High Five: Hong Kong
Little Black Book, From real estate to delivery services, CEO and chief creative engineer at M&C Saatchi Hong Kong, Spencer Wong, opens up on five projects from totally different sectors ... ( read original story ...)
Hong Kong stocks retreat on tech pullback, property slump while PetroChina, CNOOC temper losses
Tech takes a breather after a 5 per cent surge on Wednesday as Alibaba, Tencent lead peers lower; gains in PetroChina, CNOOC temper losses An index tracking mainland developers slumps by the most in a ... ( read original story ...)
Does Carrie Lam’s ambitious plan to overhaul the Hong Kong government go far enough?
Some critics ask whether combining housing and development, for example, would better position government to tackle housing shortage. ( read original story ...)