The six-bedroom house spanning 8,032sq ft of floor area has a private garden, swimming pool and parking space. Read more at straitstimes.com. ( read original story ...)
How an old empty Hong Kong building became a homeless shelter and could serve as the template to get more people off the streets
The building was donated rent-free to the three-year project by Hong Kong property developer Chinachem, whose chief executive, Donald Choi, is an architect with a passion for repurposing old buildings ... ( read original story ...)
Hong Kong’s Key Rate Quadruples Within a Month on FX Peg Defense
Hong Kong’s benchmark borrowing cost quadrupled in a month as the city’s de-facto central bank drained liquidity at a record pace to stem the currency’s weakness. ( read original story ...)
Desperate Chinese property developer willing to ‘swap wheat for house’
A desperate developer in China's softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments. ( read original story ...)
Hong Kong developers lower prices to generate sales amid interest rate hikes, high supply
Hong Kong property developers are offering new projects at lower starting prices to stimulate sales in an environment of rising interest rates and increasing supply of flats. Sun Hung Kai Properties ... ( read original story ...)
‘Spicy policies’ helped fortify Hong Kong’s market, save homeowners from negative-equity trap, defaults, ex-HKMA CEO Chan says
Eight rounds of mortgage tightening under Chan's watch, dubbed as 'spicy policies', helped the city tackle property speculation, fend off widespread defaults Negative equity has not been an issue in ... ( read original story ...)
Hong Kong’s interbank rate climbs to two-year high as HKMA’s intervention saps liquidity from city’s currency market
Liquidity is declining after the authorities bought the local currency and the Hong Kong Monetary Authority followed in the Federal Reserve’s footsteps in raising interest rates. ( read original story ...)
Hong Kong Interbank Rate Posts Biggest Weekly Jump in Two Years
Hong Kong’s benchmark borrowing costs jumped the most in over two years last week, as liquidity shrank after the Federal Reserve’s interest-rate hike.Most Read from BloombergPutin Gets Unexpected ... ( read original story ...)
6 Hong Kong heritage and historical buildings that dodged demolition, and 6 that did not, since 1997
These 12 sites have dominated Hong Kong's preservation debate during the last 25 years as old vies with new in a rapidly developing city PMQ, Tai Kwun and the Central Market are among the lucky ... ( read original story ...)
Hong Kong’s buyers snap up 70 per cent of new homes on offer, casting aside HKMA’s 75-point interest hike as banks deferred raising mortgage rates
Buyers snap up 70 per cent of 332 new flats on offer at three projects across the city Henderson sold 70 per cent of Baker Circle Dover in Hong Hum, while SHKP's Silicon Hill in Tai Po sold 90 per ... ( read original story ...)
In Hong Kong’s property market, HK$10 million no longer buys what it did in 1997
Average home prices on the secondhand market have increased 2.4 times since 1997, with some flats appreciating by more than 450 per cent. ( read original story ...)
Hong Kong’s Rate Hikes to Drive Down Costly Housing Prices
Rising interest rates in Hong Kong are pushing up costs for homeowners and threatening to drive down prices in the world’s most expensive housing market. ( read original story ...)
Developers’ aggressive loan schemes could put financially weak buyers at risk if Hong Kong home prices fall, analysts say
However, if home prices drop, the buyers may need to pay extra to take into account the drop in the value of the property when they shift to another mortgage plan, Wong added. The Hong Kong Monetary ... ( read original story ...)
Hong Kong property developer achieves capital markets first
New World Development becomes the first Asian corporate to issue a USD-denominated dual-tranche social and green offering in the public bond markets. ( read original story ...)