Famed Hong Kong investor Xiao Jianhua was abducted by Chinese authorities ... by financial crises -- first the Asian currency crisis of 1997, and then the subprime mortgage crisis 10 years later. It is only natural that Xi should fear a repeat. ( read original story ...)
Wish you were here? The Hong Kong resort that delivers paradise at a bargain price
And it all comes at a surprisingly low cost by Hong Kong standards. A 1,240 sq ft flat sold for HK$4 million in June; a 1,220 sq ft property in Causeway Bay went for HK$17 million. On average, property on Hong Kong Island costs HK$14,709 per square foot ... ( read original story ...)
U.S. Mortgage Rates Move Lower in Mid-July
The 30-year mortgage rate moved with Treasury yields ... foreign investment in U.S. residential real estate skyrocketed to a new record-high Hong Kong Skyscrapers Most Expense Real Estate Assets in the World According to global real estate advisor Knight ... ( read original story ...)
Capstead Mortgage Corporation (NYSE:CMO) Set to Announce Quarterly Earnings on Wednesday
Capstead Mortgage Corporation (NYSE ... 108,783 were reported by State Bank Of America Corp De. Point72 Asia (Hong Kong) Limited reported 726 shares or 0.02% of all its holdings. Gilder Gagnon Howe Commerce Ltd Liability Co invested in 0% or 3,401 shares. ( read original story ...)
Time to cut property cartel down to size
Who says local academics are timid? A new report by two University of Hong Kong scholars has made a provocative challenge to the property cartel. Lawrence Lai Wai-chung and Chau Kwong-wing, both professors at the Department of Real Estate and Construction ... ( read original story ...)
Cheung Kong Property clinches deal for German smart-meter company
HONG KONG -- Billionaire Li Ka-shing's business empire is buying a German energy management company Ista International, looking to increase its footprint in a field it sees as a stable source of revenue. A joint venture between Cheung Kong Property ... ( read original story ...)
Fortune REIT’s net property income rises 3pc to US$93m
Hong Kong’s second-half growth will slow further as consumption ... down 1.1 per cent from December, as a result of higher property valuations. Its share price rose 11 per cent during the first half to HK$9.78 per share, its closing price on Friday. ( read original story ...)
Rising private debt, high property prices leave Hong Kong banks with negative Moody’s outlook
Mortgages now make up 51 per cent of property values on average in Hong Kong, reduced from 64 per cent in 2009 after eight rounds of tightening measures by the government. Meanwhile, the latest Citibank survey shows that 13 per cent of Hongkongers now ... ( read original story ...)
Arch capital group closes acquisition of AIG United Guaranty Insurance (Asia)
“Our dedicated professionals understand the unique requirements and challenges of the Hong Kong mortgage market and are committed to providing customers with the best possible service.” Rippert is responsible for Arch’s global mortgage insurance and ... ( read original story ...)
Lloyds stung £1bn by PPI and mortgage arrears errors
The mortgage redress scheme is understood to centre on the way ... Walkie Talkie building sold to Hong Kong firm for a record £1.3bn A Hong Kong firm has snapped up London's landmark Walkie Talkie skyscraper for a record £1.3bn. Jeff Bezos briefly ... ( read original story ...)
Fear of rising rates may have obscured the Bank of Canada’s good news story: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That includes people with mortgages. While he and Wilkins were careful to hedge their bets with the warning that perfect ... ( read original story ...)
Hong Kong firm beats Brexit blues with record City skycraper deal
LONDON: A Hong Kong firm struck a record deal for a London skyscraper ... Banks approved the lowest number of new home mortgages for nine months in June, according to data released this week by trade association UK Finance. Official data earlier this ... ( read original story ...)
Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That would mean fewer mortgages for banks, fewer real estate fees for agents. Could the market fall further? ( read original story ...)
Sitting tight in the fintech age, warding off threats
Any potential risks he could think of at the moment could come from property developers' enticing mortgage loans with high loan-to-value ratios, as well as the increased mainland exposure of Hong Kong banks. "But, they're all manageable." Norman Chan Tak ... ( read original story ...)