Hong Kong Office Rents Grow at Fastest Pace in 2 Years

According to JLL's latest Property Market Monitor, rents in Hong Kong's office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market. Overall, rents climbed 1.1% month-over-month in April ... ( read original story ...)

Residential Mortgage Survey Results for April 2018

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for April 2018. The number of mortgage applications in April increased month-on-month by ... ( read original story ...)

The Hong Kong Housing ‘Bubble’ And The Foreign Exchange Rate

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 ...)

Hong Kong’s Retailers Ride High on Shopping Boom

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 ...)

Hong Kong Property Developer Set to Default on Dollar Bonds

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 ...)