“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 ...)
Chinese property firms make a beeline to raise capital in Hong Kong amid mainland freeze
Chinese property companies are making a beeline for Hong Kong to raise capital, as one of the world’s best-performing stock markets offers an attractive alternative to the funding squeeze back on the mainland. Agile Group Holdings, a developer based in ... ( read original story ...)
Micro flats go on sale at The Astro in Hong Kong’s Cheung Sha Wan to strong demand
Among the four developments releasing new flats on Saturday, the average selling price per square foot was highest at Babington Hill, due to its central location on Hong Kong Island. Nano flats sell for HK$3m as property prices predicted to soar 20 per ... ( read original story ...)
Airbnb another casualty of high property prices in Hong Kong, destination that bucks global trend for more non-hotel stays
Hong Kong is bucking the global appetite for alternative accommodation as hotels continue to dominate the local market, according to recent research. As part of Booking.com’s annual Guest Review Awards based on 140 million customer reviews worldwide, the ... ( read original story ...)
Why do Hong Kong tycoons hold on to their wealth while Westerners give back so much?
When property and casino magnate Lui Che-woo of K Wah Group obliged, I wondered if I would get straight answers. But that’s exactly what I got over a lunch of takeaway fishball noodles with Hong Kong’s third-richest man. A huge cultural difference ... ( read original story ...)