Category: PROPERTY

The land shortage is the root of most socio-economic problems in Hong Kong, leading to high property prices, expensive rents and less competitive products or services in some industries. It contribute... ( read original story ...)

China's financial and political elite are continuing to hold assets overseas in the wake of the Panama Papers revelations, with relatives of President Xi Jinping still owning millions of dollars' wort... ( read original story ...)

Our Hong Kong Foundation, a think tank backed by property developers and former chief executive Tung Chee-hwa, is the driving force behind the Lantau reclamation project. The group has deployed a ... ( read original story ...)

Banks in Hong Kong are aggressively cutting property valuations as the housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. "The banks’ assessment ... ( read original story ...)

Since about three years ago, leading Hong Kong property developers have been offering mortgage loans for homebuyers to counter tighter mortgage rules that banks have to observe. The Hong Kong Monetary ... ( read original story ...)

Hong Kong will add artificial islands to counter a runaway property market that’s made the city the world’s least affordable for housing. The government will aim to reclaim 1,700 acres (688 hectares) ... ( read original story ...)

Hong Kong set up a task force on land supply in 2017 and began a five-month consultation process this year. “The land and housing policies did not give any big surprise,” said Thomas Lam, executive di... ( read original story ...)

HONG KONG: Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. “The ... ( read original story ...)

Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA Ltd. “The banks’ asse... ( read original story ...)

Hong Kong’s property market is coming under stress. Jittery individual owners, aware of the risks from rising mortgage rates, turbulent stock market and weakening economic outlook, are offering massiv... ( read original story ...)

LePont is one of the first projects to be sold after Hong Kong commercial banks raised benchmark lending rates for the first time in 12 years by 12.5 basis points last Thursday. The move effectively i... ( read original story ...)

The anticipation of further interest rate rises appears to be a factor weighing on the market, following the move last week by 11 local banks to tighten mortgage lending rates by 12.5 basis points. Ho... ( read original story ...)

HONG KONG, Sept 27 (Reuters) - Hong Kong commercial banks raised their benchmark lending rates on Thursday for the first time in 12 years, increasing the cost of home mortgage repayments in one of the ... ( read original story ...)

As tighter U.S. monetary policy feeds into Hong Kong mortgages, flat values look set to fall. That may open a door for younger residents, many of who have been priced out of world’s bubbliest property ... ( read original story ...)