HONG KONG’s property market is one of the most expensive in the world. — HONG KONG TOURISM BOARD / ACTION IMAGES VIA REUTERS IN Hong Kong, a city of property superlatives, add this one: World capital ... ( read original story ...)
Enact law making Hong Kong property owners pay monthly fee to maintain ageing buildings, Urban Renewal Authority says
A law should be introduced under which property owners must contribute monthly to a building maintenance fund to sustain Hong Kong’s ageing neighbourhoods, the head of the city’s Urban Renewal Authori... ( read original story ...)
Hong Kong now has more mega-millionaires than New York City
According to 2017 estimates, one in seven people in Hong Kong is a millionaire. And property prices in the country have increased to reflect the growing wealth of its inhabitants. Hong Kong has broken ... ( read original story ...)
HKZMB not expected to rumble Macau property prices
Realtors on this side of the Pearl River estuary do not believe that the Hong Kong-Zhuhai-Macau Bridge (HKZMB) will significantly impact local property prices. The perspective follows a report ... ( read original story ...)
Top 8 Richest Women in Hong Kong
8 Chan Tan Ching-Fen Net worth $1.7 Billion Chan Tan Ching-fen sums up as the top eight richest women in Hong Kong with a net worth of about $1.8 billion. She is the wife of the late Chang Tseng-His w... ( read original story ...)
How crazy rich Hongkongers keep prime property prices high
Despite all the warnings about a correction, we may never really see prices of prime property in the Mid-Levels or other core districts in Hong Kong drop, all because of the limited supply (“Hong Kong ... ( read original story ...)
Hong Kong’s Rich Get Richer Flipping Floors in Property Frenzy
In Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors. Logistics heir Johnny Cheung Shun-yee made roughly HK$900 million ($115 million) in about nine mon... ( read original story ...)
Rise in big mortgages offered by Hong Kong developers to speed up sales raises default fears
The number of Hong Kong developers providing mortgages for homebuyers hit a record in the second quarter of this year, raising concerns over a possible rise in defaults should an increase in interest ... ( read original story ...)
Hong Kong home prices hit another record but seen cooling as rates rise
A 650 square foot (60.4 square metre) flat on Hong Kong Island costs an average of HK$11.6 million ($1.48 million), according to July data from property agency Midland Realty. Soaring real estate ... ( read original story ...)
Hong Kong developer Swire Properties withdraws luxury apartments from market amid souring sentiment
Hong Kong developer Swire Properties withdrew a luxury serviced ... and had decided to continue holding the property as a long-term investment. Taikoo Place Apartments will continue to operate as a se... ( read original story ...)
Hong Kong Monetary Authority steps in to defend currency again as spectre of higher mortgages looms
Hong Kong’s de facto central bank continued to intervene in the currency market, bringing the week’s spending to HK$16.76 billion (US$2.1 billion) of its US$432 billion in foreign reserves, as it defe... ( read original story ...)
‘Unaffordable’ Hong Kong home prices could fall by double digits
Hong Kong residential property prices are expected to come under pressure as interest rates rise. Investment group CLSA predicts a 15 percent decline over the next 12 months. Some remain bullish as la... ( read original story ...)
Top lenders raise mortgage rates
The two biggest mortgage lenders - Hongkong and Shanghai Banking Corporation and Bank of China (Hong Kong) - have raised their mortgage rates. But this did not deter some investors from rushing into t... ( read original story ...)
How legal Hong Kong loophole helps super-rich homebuyers save millions of dollars
Assuming Pan, a permanent Hong Kong resident, already owns property there, he would have paid a 15 per cent levy in a regular transaction. Stamp duties are made ineffective because there’s a back door ... ( read original story ...)