After living in Hong Kong as an expat for 17 years, Diana Edwards, her husband and three sons were looking to come home to Brisbane. Having lived away for so long, she initially thought property prices would be “at a lower level”, although she found ... ( read original story ...)
Director, buy-back activity on Hong Kong exchange plunges due to short trading week
The director and buy-back activity plunged based on filings on the Hong Kong stock exchange during the holiday shortened ... in yarn and fabrics manufacturer Texhong Textile Group and property developer Agile Property Holdings. Boyaa Interactive ... ( read original story ...)
Talent Property Group Ltd (0760) Is Yet to See Trading Action on Oct 8
For investors HSI is the main indictor of the performance of Hong Kong stocks. Stocks of Talent Property Group Ltd company can also be found in HSI. As a free float adjusted index, HSI excludes restricted shares held by company insiders and other strategic ... ( read original story ...)
Residential Mortgage Survey Results for August 2017
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 August 2017. The number of mortgage applications in August increased month-on ... ( read original story ...)
U.S. Mortgage Rates Rise, Highest Levels in 6 Weeks
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world. According to the Mortgage Bankers Association's Weekly ... ( read original story ...)
Aviva targets the next generation of investors by snapping up majority stake in Welsh startup Wealthify
The decision by Aviva to buy a stake comes amid a wave of investment in robo-advice, with price comparison site GoCompare recently taking a stake in Mortgage Gym ... Taipei Fubon Bank and £24million from Hong Kong financial advice firm Convoy. ( read original story ...)
Hong Kong’s Property Market Gets a ‘Reality Check’
The scrapped sale of The Excelsior hotel in Causeway Bay may have been a “reality check” in a heated Hong Kong property market, according to Irene Lee, chairman of Hysan Development Co. “We didn’t get it -- or we didn’t bid,” Lee said in a ... ( read original story ...)
Will Hong Kong’s Starter Homes scheme help young families get on property ladder or fatten the pockets of developers?
Yuen Yuk-ting had her life planned out at 26 years old: she would open a bank account with her boyfriend, spend the next four years saving HK$1 million for a down payment on a 400 sq ft flat in Hong Kong, and then get married at 30. That dream was thrown ... ( read original ...
Hong Kong has world’s most expensive real estate, says Century 21 survey
Hong Kong has the most expensive real estate in the world, with the average single-family home in the Kowloon area priced at $3,570.23 per square foot, says a recent survey by Century 21 Canada. This is 3.5 times more expensive than Beijing, the second ... ( read original story ...)
Hong Kong government lacks creative ideas to tackle soaring home prices
The situation is putting further pressure on Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor ... That support even went so far as parents taking out mortgages on the family’s main residence to help fund flat purchases by the children, the authority ... ( read original story ...)
‘Whale’ gamblers also placed bets on B.C. real estate
“Once they’re done gambling, they can take their winnings in U.S. funds or Hong Kong dollars and invest it in property ... loans were made by Jin to BCLC-identified VIPs for them to make mortgage payments on Vancouver homes. Another common transaction ... ( read original story ...)
Hong Kong stocks highest in over two years, boosted by property developers
Hong Kong stocks reached their highest level in almost two and a half years at the close on Wednesday, as property developers, banks and insurers led the gains. The benchmark Hang Seng Index advanced 0.7 per cent, or 206 points, to finish the Wednesday ... ( read original story ...)
Hong Kong developers switch to buying buildings outright as land costs soar
Hong Kong property firms have shifted their attention to buying whole, completed buildings outright in the city’s central districts, as their aggressive and deep-pocketed mainland rivals bid up the price of land to sky-high levels. Vincent Cheung Kiu-cho ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Flirt With 10-year High
amid big gains in Chinese property developers and index heavyweight (0700.HK) The internet giant rose another 0.8% in early action, hitting fresh record highs. It has surged 85% in 2017. Hong Kong markets will be closed Thursday, while there is no trading ... ( read original story ...)