Category: PROPERTY

Cheung Kei Group, the property developer owned by the owner of Hong Kong’s most expensive mansion, has completed its £410 million (US$530 million) purchase of a landmark 12-story office building in London’s Canary Wharf, in the biggest real estate ... ( read original story ...)

HONG KONG (Reuters) - Cheung Kong Property Holdings Limited (1113.HK), owned by Hong Kong's richest man Li Ka-shing, said it plans to change its name to CK Asset Holdings Limited, to better reflect the company's strategy also in infrastructure investment ... ( read original story ...)

Property analysts have called on Chief Executive Carrie Lam to treat Hong Kong’s runaway property prices as the new administration’s top priority, adding that realistic steps must be taken to release supply of land. Record property prices have driven ... ( read original story ...)

despite the Hong Kong Monetary Authority’s best efforts to make mortgages more expensive and cool Hong Kong’s red hot property market. In recent months, money has been flowing into Hong Kong’s capital markets both southwards from the mainland via the ... ( read original story ...)

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 May 2017. The number of mortgage applications in May increased month-on-month by 13 ... ( read original story ...)

And some experts are warning that if this happens, it might not be pretty. "Normalization of U.S. interest rates will eventually raise the mortgage burden of Hong Kong borrowers, posing risks" to the city's export-driven economy and housing market ... ( read original story ...)

The Hong Kong Monetary Authority has warded off speculation with measures like a 15% tax for non-residents and another 15% tax on quick sales. It has made mortgage restrictions extremely tight. There's virtually no overborrowing, and if prices do dip ... ( read original story ...)

Hong Kong’s Urban Renewal Authority announced on Monday the highest acquisition offer on record – of HK$15,383 per square foot – extended to property owners affected by three redevelopment projects in Kowloon. The offers are to be issued on Friday. ( read original story ...)

Hong Kong’s property market has seen steep price appreciation over the past several years – with prices soaring an average of 60 percent in the last five years. Some industry players are worried that the market could be facing a situation similar to ... ( read original story ...)

and technology and innovation," Xi told dozens of Hong Kong's senior officials on Thursday evening, in comments carried by local television. Making housing more affordable in the Asian financial hub, one of the most expensive property markets in the world ... ( read original story ...)

June 30 New mortgage loans drawn down in Hong Kong totalled HK$28.3 billion ($3.63 billion) in May, up 33.5 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from the authority: 2017 ... ( read original story ...)

Property is at the centre of everything in Hong Kong today, much like it was 20 years ago on the eve of the handover. Soon after the handover, prices collapsed, hitting rock bottom in the spring of 2003. They have since clawed their way back up, and some. ( read original story ...)

Prices at Wonderland have risen, waned and risen again, as Hong Kong property has swung through boom and bust to become one of the world’s most expensive markets. The lack of affordable housing has become a major political issue for Hong Kong as it ... ( read original story ...)

As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and ... ( read original story ...)