“The outlook for the jeweler sector in Hong Kong this year is positive against the backdrop of a recovering economy in mainland China ... and the booming stock and property markets that create a positive wealth effect,” the company said in a statement ... ( read original story ...)
Think Hong Kong property is expensive? Sydney’s One Barangaroo reaches HK$612million
Australia’s most exclusive houses near Sydney Harbour are being marketed to Hong Kong and Chinese investors from a whopping HK$66.13 million to a penthouse priced at HK$612 million. One Barangaroo, developed by Crown Resorts, is billed as Australia’s ... ( read original story ...)
Trial scheme allows 15 young buyers to snap up Hong Kong flats with ‘super low’ down payments
Only those aged between 25 and 35, who were permanent residents and had never owned property in Hong Kong, were eligible for the scheme, called the NewGen First Home Program. Prices at the 27-storey tower ranged from HK$5.87 million (US$752, 500 ... ( read original story ...)
Chinese Mainland, Not Hong Kong, Faces Big Property Bubble, Expert Says
The Chinese mainland faces a bigger property bubble than Hong Kong, reflecting the mainland’s excessive construction, over-borrowing and misalignment of home prices and purchasing power, said Shih Wing-ching, founder of Centaline Property Agency. ( read original story ...)
Is Hong Kong Real Estate About To Crash?
“Peter, is there going to be another property crash in Hong Kong?” I get asked this question often. It’s understandable. Many people are worried the residential property market in Hong Kong is overheating. And it has certainly gone up. It saw a ... ( read original story ...)
Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam on Monday rejected calls by lawmakers to relax mortgage policies, and said the city’s property market was still too overheated for any such relaxation. The authority, Hong Kong’s de facto ... ( read original story ...)
Property in Indonesia: Astra & Hongkong Land to Launch New Project
Astra International, one of Indonesia's largest diversified conglomerates, announced it will develop a luxurious residential apartment complex, called Arumaya, in South Jakarta in cooperation with Hongkong Land, a Hong Kong-based multinational property ... ( read original story ...)
Swire Properties tops out latest office tower in Hong Kong’s new ‘eastern CBD’
The redevelopment of Taikoo Place, which has been part of the Swire empire for 140 years, marks the property developer’s intention ... advisory & transaction services at CBRE Hong Kong. “Firms are investing more time and resources in selecting and ... ( read original story ...)
Hong Kong home prices post record-breaking growth in 2017
with the average cost per square foot of an apartment about HK$12,100 ($1,547.31), according to property agency Midland Realty. On the prime Hong Kong Island, the average cost is about HK$16,200 per square foot. High property costs have spurred political ... ( read original story ...)
Caution required on help to buy Hong Kong homes
Hong Kong housing starts fall by one third in 2017, but no supply shortage seen The government-owned Hong Kong Mortgage Corporation is considering insurance to help those who do not have enough money to pay 30 per cent as an initial down payment. ( read original story ...)
Hong Kong’s Hang Lung Properties sees 2017 underlying profit fall on declining China mall rental income
Hong Kong developer Hang Lung Properties, which owns the Fashion Walk shopping area in Causeway Bay and eight shopping centres in China, reported a 13 per cent fall in 2017 underlying profit, citing fewer property sales and a decline in rental income from ... ( read original story ...)
5 of the most exclusive addresses in Hong Kong
Headds that Mount Nicholson on The Peak is an exclusive residential development setting record prices, and is in hot demandamong super rich property investors. Stubbs Road,above Happy Valley, has some of the most exclusive developmentson Hong Kong Island. ( read original story ...)
Hong Kong’s new justice chief grilled over property scandal
Hong Kong’s new justice secretary has been grilled over a controversy surrounding illegal additions to her home that has highlighted concerns about the rule of law in the semi-autonomous Chinese city. Teresa Cheng faced intense questioning in the Hong ... ( read original story ...)
Hong Kong’s new justice chief dogged by property scandal
HONG KONG – Lawmakers have been grilling Hong Kong's new justice secretary over a controversy surrounding illegal additions to her home that has highlighted concerns about rule of law in the semiautonomous Chinese city. Teresa Cheng faced intense ... ( read original story ...)