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Category: PROPERTY

Posted on 12/05/2022

Hong Kong defends local dollar in first currency intervention in 18 months, as capital flows out in pursuit of higher US yields

The HKMA bought a combined US$722 million worth of Hong Kong dollars in two interventions on Thursday Such a trend will gradually push interest rates up, including mortgage rates in Hong Kong, ANZ ... ( read original story ...)

Posted on 12/05/2022

Hong Kong defends its dollar for first time since 2019

It is a move that will add pressure at a time when the city's economy is struggling. . Read more at straitstimes.com. ( read original story ...)

Posted on 12/05/2022

Two Hong Kong hotels sell for US$295 million, as cash-rich investors bet on hospitality sector rebound once borders reopen

Two hotels changed hands in deals worth more than HK$2.3 billion (US$295 million) in Hong Kong on Wednesday, as cash-rich investors swooped in to pick up assets from the city’s slumping hospitality ... ( read original story ...)

Posted on 12/05/2022

Hong Kong retail rental market to sink while Singapore’s swims thanks to quarantine-free tourist arrivals, end of Covid-19 restrictions

Hong Kong landlords will watch retail rents drop this year, while those in the Lion City will enjoy a modest increase as it lifts Covid-19 restrictions and welcomes vaccinated visitors without ... ( read original story ...)

Posted on 11/05/2022

Chinese Online Property Platform KE Holdings Debuts in Hong Kong

KE Holdings Inc., a Chinese online property platform backed by SoftBank Group Corp., debuted in Hong Kong on Wednesday after choosing a listing path that doesn’t involve selling new shares or raising ... ( read original story ...)

Posted on 11/05/2022

WEAVE LIVING GROWS HONG KONG ISLAND FOOTPRINT WITH NEW CENTRAL & WESTERN DISTRICT PROPERTY

Pacific's leading fully-integrated lifestyle rental accommodation provider, today announces the acquisition of an en-bloc property located at 338–346 Queen's Road West in Sai Ying Pun for HKD900 ... ( read original story ...)

Posted on 11/05/2022

UK property sales to Hongkongers in London and other cities set to spike amid weaker pound, influx of migrating buyers

The pound is near a two-year low against the US dollar, and observers expect it to depreciate further, playing into the hands of Hong Kong buyers despite rising interest rates. ( read original story ...)

Posted on 11/05/2022

Guangzhou’s Nansha: a cradle for young HK enterpreneurs

Huang Fei looks at what's driving the startup boom in Guangzhou's Nansha. On the southern tip of Guangzhou, one Hong Kong investor is riding the tidal wave of entrepreneurial activities. Herro Sun saw ... ( read original story ...)

Posted on 10/05/2022

And finally… Hong Kong moves to ban construction of nano flats

Developers say high property prices forced them to build small homes to make them affordable to more buyers. At one development in Hong Kong, which has some of the highest property prices in the world ... ( read original story ...)

Posted on 10/05/2022

Who is Janet Lam?: As John Lee secures top job, Hong Kong meets charity singer who will become first lady

Chief executive-elect John Lee thanked his wife Janet Lam for ‘looking after the family’ as he clinched the vote for city’s leader on Sunday. ( read original story ...)

Posted on 08/05/2022

Hong Kong’s new chapter: Time to do the hard work

With the new political mandate, it'll be up to the new HKSAR administration under John Lee's leadership to protect, defend and perfect the system for the welfare of Hong Kong's residents. ( read original story ...)

Posted on 08/05/2022

Hong Kong residents choosing Harrogate for a new life

Many Hong Kong exiles have sold their property or businesses in the city before moving to the UK, which means they can afford the district’s high house prices. Mr Waddington said in one new ... ( read original story ...)

Posted on 08/05/2022

Hong Kong’s high poverty rates, worsening housing crisis, curtailed freedoms as city leader Carrie Lam leaves office

After 5 years as chief executive, Carrie Lam Cheng Yuet-ngor is on track to depart with the lowest approval ratings of any leader since the handover from Britain. ( read original story ...)

Posted on 08/05/2022

Greek property sees increased demand from Chinese buyers seeking permanent residency under golden visa scheme

Inquiries from mainland Chinese and Hong Kong buyers shot up 40 per cent in the first quarter of 2022, according to consultancy Henley & Partners Demand for houses in Greece may have been boosted by ... ( read original story ...)

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