Overall real estate transactions in August fell 10 per cent month on month to 4,729 units, while value declined 20 per cent to US$4.4 billion.
Hong Kong property deals slump to 6-month low as cooling measures wear off
Overall real estate transactions in August fell 10 per cent month on month to 4,729 units, while value declined 20 per cent to US$4.4 billion.
Hong Kong developers launch price war to ‘kick-start market’ ahead of Fed rate cut
Hong Kong’s property developers kicked off a new round of price cuts to offload new-home inventories after the US Federal Reserve gave its strongest hint yet about an imminent rate cut. KT Marina, a ...
Hong Kong Property Pain Worsens for New World and Scion CEO
New World Development Co.’s shares fell as much as 14% Monday morning, as Hong Kong’s property downturn weighs on the firm owned by the billionaire Cheng family.Most Read from BloombergA Guide to ...
How Atelier Shan transformed this gloomy Hong Kong village house into a chic minimalist home
This formerly dim, dark village house on Lamma Island was the first rough draft for a minimalist, meditative retreat from the bustle of city life ...
China considers allowing refinancing on $5.4 trillion in mortgages, Bloomberg News reports
China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to reduce their borrowing costs, Bloomberg News reported on Friday, citing people familiar with the matter.
China mulls $7.9 trillion in mortgage refinancing as economy stutters
The government plan would let homeowners switch banks for cheaper loans, as the property slump drags down consumer spending and household wealth.
Stick to commitment on stable Hong Kong land supply
With the Hong Kong property market remaining sluggish there is no need to revive the old land application mechanism.
Chinese property firm Kaisa posts 36.3% increase in losses
But the property crisis in recent years again weakened the firm, with its total debt estimated at 234.5 billion yuan ($33.0 billion) at the end of the first half of 2024, according to a filing to the ...
Hong Kong court convicts 1 person and acquits 6 others in landmark terrorism trial
A Hong Kong court has convicted one person and acquitted six others ... Chun-pong of conspiring to cause explosions likely to endanger life or cause significant property damage. He was acquitted of ...
Hong Kong sales plan for 2024 subsidised flats revealed, but is deal sweet enough to tempt?
The Hong Kong Housing Authority, the city's largest public home provider, on Tuesday approved the Home Ownership Scheme sales arrangement for this year with about 7,132 subsidised homes on offer at a ...
New batch of Hong Kong subsidised flats still good deal even with lower discount, advisers say
The latest batch of subsidised flats will still be attractive to Hong Kong’s low- to middle-income buyers despite the discount being the lowest in six years and a drop in private property prices, ...
Hong Kong’s Old Airport Becomes Symbol of City’s Property Pain
Hong Kong’s Kai Tak Airport was legendary among pilots—who had to thread their way between high-rises to land—and passengers, who gripped their armrests and held their breath as they peered into ...
Hong Kong developers ready 2,800 new flats, await interest-rate catalyst for sales
Property agents predict September sales may quadruple from August's level if the Fed embarks on policy easing as expected Hong Kong developers are poised to launch at least six new projects with a ...