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 ...)
Hong Kong firm beats Brexit blues — Buys London ‘Walkie Talkie’ skyscraper
AFP/File | The ‘Walkie Talkie’ skyscraper, seen in the centre front of this photo, fetched the e highest price ever paid for a single building in Britain at £1.3 billion (1.5 billion euros, $1.7 billion) LONDON (AFP) – A Hong Kong firm struck a ... ( read original story ...)
Hong Kong’s oyster sauce king buys London’s ‘Walkie Talkie’ tower for record £1.3 billion
Lee Kum Kee Group, the Hong Kong company best known for its oyster sauce condiment, has bought a London office tower for a record £1.3 billion (US$1.7 billion), landing the biggest commercial property deal in the United Kingdom. Lee’s property ... ( read original story ...)
Link Reit may sell 20 Hong Kong shopping malls to take advantage of record property prices
Link Reit, Hong Kong’s first real estate investment trust, is considering a plan to sell more than 20 retail shopping centres around the city, the latest landlord to put its property portfolio on the market, after a crucial land sale in May established a ... ( read original story ...)
Like a ‘tenant leasing a room back to the landlord’: Justice Sec. defends mainland rail checkpoint
On a Commercial Radio programme on Wednesday, Yuen cited Basic Law Article 7, which stipulates that land and natural resources within Hong Kong is state property, and the Hong Kong government is responsible for their management and lease. Yuen compared ... ( read original story ...)
Asia markets close mixed as oil extends gains; Fed awaited
LG Display share were off 1.22 percent at the close. Hong Kong-listed property stocks were once again responsible for moves in the markets, with Sunac China Holdings gaining 3.98 percent after being sold off in the previous session. Sunac shares fell ... ( read original story ...)