Against a backdrop of an uncertain global macro environment, one constant continues to drive key Asian property markets: The Chinese buyer. Mainland China investors, and their growing appetite for overseas assets, have been a key theme for the property ... ( read original story ...)
Nobody's Scared of Hong Kong's Mortgage War
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Andy Mukherjee is a Bloomberg Gadfly columnist covering industrial companies and ... ( read original story ...)
Fund manager rallies against 'terrible' Hong Kong property deal: 'I'm getting sick of investing in Asia'
A fund manager is issuing a call to action against a major Hong Kong restaurant chain, claiming that a proposed property purchase would only benefit five current and former insiders. Noster Capital's Managing Partner Pedro de Noronha issued a letter this ... ( read original story ...)
Fitch: Hong Kong Banks' Property Exposure Not Key Source of Risk
Hong Kong banks have relatively small direct exposure to the domestic residential mortgage market, which Fitch Ratings views as a much less significant risk to asset quality than exposure to mainland China. Some borrowers have taken additional mortgages ... ( read original story ...)
Mainland Chinese firms expand property footprint in Hong Kong, set to fuel price rises
HONG KONG Mainland Chinese companies have piled into Hong Kong property in 2015-2016, outbidding some of the territory's most powerful developers to gobble up 29 percent of land sold for development in one of the world's most expensive real estate markets ... ( read original story ...)
Hong Kong developer takes aim at Trump rhetoric
HONG KONG -- Hong Kong property tycoon Ronnie Chan Chi-chung came to China's defense on Thursday, saying U.S. President Donald Trump would eventually become realistic and "shut up," amid concerns over a looming Sino-U.S. trade war. "China is not the same ... ( read original story ...)
Hong Kong Dec drawndown mortgage loans rise 11.7 pct from Nov
Jan 26 New mortgage loans drawn down in Hong Kong totalled HK$29.6 billion ($3.82 billion) in December, up 11.7 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday. The following is the breakdown of data from HKMA: Dec ... ( read original story ...)
Evergrande gets HK bourse nod for spin-off of property assets
HONG KONG Jan 25 China Evergrande Group said it had received approval from the Hong Kong bourse to spin off its property projects, paving the way for the country's largest developer to proceed with a backdoor listing of those assets in Shenzhen. ( read original story ...)
No 1 place in mortgage loans goes to HSBC
HSBC (0005), which recaptured the leading position in mortgage loans business last year, is reportedly offering mortgages at Hong Kong Interbank Offered Rate + 1.32 percent, down from HIBOR+1.33 percent. Standard Chartered Hong Kong has reportedly also ... ( read original story ...)
‘Independent kingdom’ at Hong Kong arts hub ruled out
A plan to grant the West Kowloon Cultural District Authority (WKCDA) development rights to a giant strip of hotels, offices and homes will not turn the body into a property developer ... upholding the core values of Hong Kong. In a surprise move, Chief ... ( read original story ...)
Buy-back value rises sharply as Cheung Kong Property repurchases shares worth HK$861 million
There was cautious trading by directors and companies ahead of the inauguration of the US president, with insider activity flat while buy-backs fell, based on filings to the Hong Kong stock exchange ... by Cheung Kong Property Holdings of 16.83 million ... ( read original story ...)
Hong Kong Customs inspects Lunar New Year fairs
Divisional Commander (Intellectual Property General Investigation), Ms Phoebe Wong, said today that Hong Kong Customs would step up inspections in different districts, including at Lunar New Year fairs, and take stringent enforcement actions against ... ( read original story ...)
Li Ka-Shing Sees Hong Kong Property Prices Rising Amid Curbs (1)
(Bloomberg) -- Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the ... ( read original story ...)
Luanda beats London, Hong Kong and Singapore as most expensive city for expatriates
Data points used to calculate the monthly average living costs in each city comprised of averages for monthly rent for a one-bedroom property close to the city ... the average moving cost of relocating to Hong Kong was the highest, at $3,877.29. ( read original story ...)