Category: PROPERTY

The government-owned Hong Kong Mortgage Corporation will offer a public annuity scheme as early as next year to allow retirees to invest a lump sum below HK$300,000 in exchange for a stable monthly income until their death. HKMC chief executive Raymond Li ... ( read original story ...)

Hong Kong’s property market is setting new records, quashing attempts by the city’s leaders to tame surging home prices. Existing home prices reached an all-time high in the week ended Feb. 19, according to the Centaline Property Centa-City Leading ... ( read original story ...)

HONG KONG Feb 24 Two mainland Chinese property companies snapped up a piece of Hong Kong residential land at a record-breaking price on Friday, highlighting once again the territory's skyrocketing real estate prices. Unicorn Bay (Hong Kong) Investments ... ( read original story ...)

- Hong Kong citizens continue to see local homes as overpriced and the cooling measures ineffective in stabilising property prices. Housing prices are expected to grow in 2017. - The majority of respondents are unsatisfied with the housing policy last year ... ( read original story ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 -- 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 ...)

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 ...)

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 ...)

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 ...)

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 ...)