Category: PROPERTY

As of 2016, there are a total of 2,707,000 residential units in Hong Kong compared with 2,497,000 households and the illusion of a supply shortage is due to the HKMA’s mortgage tightening. The property owners who want to sell their units would prefer to ... ( read original story ...)

The frenetic buying of homes, offices and car parks has lifted the total spend on property to HK$300.2 billion (US$38.2 billion) in less than five months this year, the highest level in the past 21 years, according to Hong Kong brokerage Midland Realty. ( read original story ...)

Hong Kong’s millennials, fearing that they will soon be unable to afford property in one of the world’s most expensive cities, have joined the real estate rush. Buyers snapped up about 250 units in four projects with prices ranging from HK$19,975 to HK ... ( read original story ...)

The young couple had a traditional wedding in the city – an expensive practice given Hong Kong’s high costs – but they cannot afford a flat because of soaring property prices. While it may seem unconventional, living apart after marriage has ... ( read original story ...)

Then there’s the specter of rising borrowing costs threatening the local housing market and slowing spending in Hong Kong, which last week reported its fastest economic growth since 2011 in the first quarter -- in part on resilient property prices. ( read original story ...)

Hsin Chong Group Holdings Ltd. is set to become the second Asian company to default on its U.S. dollar bonds this year, the latest sign of rising borrowing costs impacting weaker firms’ ability to repay debt. The Hong Kong-listed builder anticipates it ... ( read original story ...)

Hong Kong remains the world’s most luxurious residential property market for two years running, Christie’s International Real Estate declared this week. The severely unaffordable luxe home market set the highest price per square foot among the 80 ... ( read original story ...)

South China Morning Post, a Hong Kong newspaper, is out today with a report on comments made by a former advisor to the Chinese State Council, Xia Bin, who worked as a senior official at the People's Bank of China. Systemic risks are elusive and spread ... ( read original story ...)

Former New York federal prosecutor Patrick Sinclair said that although it was uncommon for foreign property to feature in a bail package, prosecutors’ concerns showed a “lack of familiarity” with Hong Kong’s independent judicial system. He said US ... ( read original story ...)

BANGKOK, 16th May 2018-Property Perfect and Hongkong Land today unveiled an agreement for the joint development of landed residential property projects in Bangkok, Thailand, targeting the upper-income segment with luxury houses priced as high as Bt100 million. ( read original story ...)

Hong Kong’s roaring property market has blown past another record. Sun Hung Kai Properties Ltd. paid HK$25.2 billion ($3.2 billion) for a plot of residential land by the highly sought-after locale near Hong Kong’s former airport, beating out bidders ... ( read original story ...)

HONG KONG property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp ... ( read original story ...)

China’s HNA Group sent shockwaves in the property-obsessed city in late 2016 when it outbid local and mainland developers at nearly double the market forecast in its first land purchase in Hong Kong. It later bought three more land parcels in the same ... ( read original story ...)

His son, Ma Kiu Sang, told the Post that property now accounts for about 80 per cent of the family’s assets. “I’ve long noticed that buying shops and collecting rents is rather stable and can gain a lot in Hong Kong,” said Ma Ah Muk ... ( read original story ...)