Hong Kong authorities have tried to implement a raft of measures to cool the city’s property prices but Chief Executive Carrie Lam has said the government has no “magic wands”. The former British colony is one of the world’s wealthiest cities with ... ( read original story ...)
Yougawalla Pastoral Company sells Kimberley cattle stations to Hong Kong billionaire
Mr Hui is the founder of Hong Kong property developer Shimao Group, with projects in Asia and Australia. And now one of China's biggest property developers has expanded his interests in the Kimberley cattle industry. The deal covers 800 hectares of land ... ( read original story ...)
A tale of two cities: how home prices affect Hong Kong and Shanghai’s competitiveness
As Shanghai and Hong Kong battle for supremacy on the economic and financial fronts, property prices in the two cities could potentially become the game changer. According to a study jointly conducted by the United Nations and the Chinese Academy of Social ... ( read original story ...)
Land premiums unlikely to come down under Starter Homes scheme, Hong Kong leader Carrie Lam says
Hong Kong’s leader has poured cold water over suggestions that the government lower land premiums for developers taking part in its new housing initiative for young, middle-income families. Against the backdrop of an overheated property market ... ( read original story ...)
Sunwah Group tempts Hong Kong buyers with Ho Chi Minh City property project
Investors from Hong Kong, the top buyers of property in Ho Chi Minh City where home prices have doubled in less than 10 years, got first preference on a new tower in the Vietnamese city. Sunwah Group, a Hong Kong developer with a heavy focus on Vietnam ... ( read original story ...)
First hand property buyers borrow HK$6.3b in September
Hong Kong home buyers borrowed more last month to finance first hand properties. Mortgage loans financing primary market deals increased by 6.6 percent to HK$6.3 billion, the Hong Kong Monetary Auhority said. Mortgage loans financing secondary market ... ( read original story ...)
Li Ka-shing’s CK Asset to be Hong Kong’s top property seller with record US$6.4b sales
Cheung Kong Asset Holdings said its property sales in Hong Kong were set to hit a record HK$50 billion (US$6.409 billion) this year, making it likely to become the top property seller in the world’s most expensive city to live. “Our sales will climb to ... ( read original story ...)
Hong Kong’s property prices hit record-high in Sept, but growth cools
HONG KONG, Oct 31 (Reuters) - Hong Kong's private home prices extended their record-breaking run for the 11th straight month to reach an all-time high in September, but the pace of growth cooled in the financial hub which is often regarded as one of the ... ( read original story ...)
As China’s home prices cool, some property companies seek to reduce risks
HONG KONG (Reuters) - As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. They are reducing balance sheet leverage, buying land ... ( read original story ...)
Rise of real estate tycoons: Billionaires keep bubbling up in China’s soaring property market
HONG KONG/SHANGHAI — Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed upward since the start of the year, adding US$44.3 billion to ... ( read original story ...)
HK property seen among riskiest
HONG KONG’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel ... ( read original story ...)
Swap Hong Kong property for Australia: Savills Investment
Hong Kong's sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favour of Japan and Australia. "Hong Kong is highly, highly expensive," Kiran Patel, who ... ( read original story ...)
Hong Kong property seen among riskiest at Savills investment
“Hong Kong is highly, highly expensive,” Kiran Patel, who helps manage US$18 billion (RM76.33 billion) as chief investment officer at Savills Investment, said in an interview in Singapore. “Even with the lowest cost of capital, it is hard to justify ... ( read original story ...)
Hong Kong’s Sky-High Property Prices Make City Too Risky for Savills IM
Hong Kong’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel, who ... ( read original story ...)