Hong Kong’s developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po. Sino Group and New World ...
Joy City’s Hong Kong delisting throws mainland China’s property strains into relief
Cofco's Joy City Property is quitting the Hong Kong bourse after 12 years, joining the wave of mainland developers that have already exited When the Hong Kong stock market closes at 4pm on Thursday, ...
Hong Kong’s monetary authority eases commercial property mortgage rules for the first time since 2009 as market cracks under recession
The Hong Kong Monetary Authority will ease financing rules for the first time in more than a decade to make it easier to afford non-home real estate, helping to ease a property glut amid the city's ...
HKMC issues record HK$25.3bn public bond
Proceeds from HKMC’s largest public bond offering will be used to help Hong Kong's elderly unlock the value of properties for livelihood needs and boost the silver economy.
How Hong Kong’s ‘cursed homes’ twist hot property market logic
In Hong Kong’s ultra-priced property market, where a square meter can exceed 26,000 euros, superstition has become as decisive as supply and demand: a single death can slash the value of a home by up ...
Hong Kong’s New Home Sales in First 10 Months Exceed Last Year’s Total
Some 15,900 new houses were sold in Hong Kong this year as of Oct. 27, compared with 15,839 in the whole of last year, according to data from Centaline Property. Last month alone, sales exceeded 1,700 ...
Cross-Border Borrowing Issues Come Into Focus as Hong Kongers Flock to Greater Bay Area
Lin called for the faster creation of a cross-border credit cooperation system under the Greater Bay Area framework, with the People’s Bank of China’s credit reporting center and Hong Kong regulators ...
Hong Kong lenders tread carefully amid mixed recovery signs, TransUnion says
Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference ...
Hong Kong bank staff among 32 arrested in HK$140 million loan scam case
Operation between anti-corruption agency and police uncovers network exploiting pandemic-era small and medium-sized enterprise loan scheme.
Hong Kong Signals Deep Property Slump
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Hong Kong Interbank Offered Rate (HIBOR) Sees Decline: Key Insights
HIBOR represents the interest rate at which banks lend to one another in Hong Kong. It is a critical benchmark for various financial products, including mortgages, loans, and bonds. The recent figures ...
How Hong Kong Property Giant New World Ran Into Trouble
Once a symbol of Hong Kong’s property-fueled prosperity, New World Development Co. has become one of its most visible casualties. After years of easy credit and unabated expansion, the property giant ...
Rosewood Hong Kong’s sister property, Rosewood Beijing: culture and luxury in the Chinese capital
An oasis within Beijing’s CBD, this luxe property seamlessly blends Chinese culture and modern opulence with world-class dining and wellness.
Hong Kong’s third-quarter negative equity cases shrink 17% as banks’ staff shift loans
The total value of residential loans that are underwater falls to US$20.18 billion, from US$24.47 billion three months earlier, HKMA says.