Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million Chen Zhuolin, the chairman of distressed mainland Chinese developer Agile Group, has ...
Lesbian daughter of tycoon who offered millions to find her a man is now an iconic LGBTQ+ activist
In 2012, a tycoon tried to find a man to marry his lesbian daughter, Gigi Chao, for a handsome sum. It turned her into an LGBTQ+ icon.
Hong Kong developer New World to focus on managing debt, SCMP reports
Hong Kong property developer New World Development aims to focus on its debt load before any consideration of mergers or acquisitions, according to chairman Henry Cheng, the South China Morning Post ...
Property prices in Asia’s major markets set to rise in 2025: Hong Kong leads
Property prices across Asia's major markets, including Hong Kong, Australia, and Singapore, are expected to rise in 2025. Find out why and what this means for investors.
Hong Kong mortgage fintech FG Holdings files for IPO
FG Holdings, a Hong Kong mortgage fintech company, files for US IPO of up to 2M shares. Anticipated price $4.00-$5.00.
Hong Kong property tycoons plough money into rebounding IPO market
Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery.
China’s tycoons sell luxury Hong Kong homes at steep discounts
Some wealthy Chinese have been selling their high-end homes in Hong Kong, one of the world’s most expensive luxury property markets, at fire sale prices this year.
Chinese Courier SF Seeks Up to $793 Million in Hong Kong Listing
China’s biggest express-delivery firm SF Holding Co. is seeking to raise as much as HK$6.2 billion ($793 million) in its Hong Kong listing in another test of appetite for large share sales in the city ...
Goldman Sachs downgrades Hong Kong stocks to underweight
Hong Kong stocks are cheap but may miss out on the benefits of China's efforts to support its economy, analysts at Goldman Sachs said, while downgrading their recommendation on the market.
Hong Kong Relaxes Mortgage Rules to Bolster Property Market
Hong Kong eased its mortgage rules to allow homebuyers to fork out lower downpayment, aiming to address a prolonged property slump in the city. The loan-to-value (LTV) ratio for all residential ...
Hongkong Land’s Q3 profit rises on China build-to-sell completions
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Hongkong Land reports higher underlying profit for 3QFY2024 on greater build-to-sell completions
In the group’s investment property segment, Hongkong Land’s central office portfolio vacancy stood at 7.6%, compared to 12.2% for the overall central district grade A office market.
Lui Che-woo, Hong Kong property and casino magnate of K. Wah and Galaxy, dies at age 95
Lui Che-woo (pic), who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95.
Hong Kong residential property prices to rebound next year, though unsold inventory looms
Residential property prices in Hong Kong are set to rebound next year thanks in large part to lower interest rates, though a large cache of unsold inventory will keep a cap on gains. “We expect Hong ...