Hong Kong’s property market has been weighed down by high interest rates, which remain at a 23-year high. The government’s efforts to revive home sales through the removal of decade-old curbs in ...
Sun Hung Kai Credit extends its gratitude to all 2024 Hong Kong Olympians by providing exclusive offer to celebrate their remarkable achievements
Hong Kong athletes have delivered exceptional performances at the 2024 Paris Olympics, achieving the city's best-ever results. Sun Hung Kai Credit, like all Hong Kong citizens, is thrilled to cheer on ...
Chinese developer Agile’s chairman Chen Zhuolin sells Hong Kong flat at 54% loss
The 1,239 sq ft three-bedroom flat in Hamburg Villa in Kowloon Tong was sold for HK$14.3 million, 54 per cent less than the HK$31 million paid in 2018, agent says.
Hong Kong’s collapsing land sales threaten city’s funding model
HONG Kong’s real estate slump is choking off one of the financial hub’s most important sources of government revenue. Read more at The Business Times.
Hong Kong homebuyers spoiled for choice as 10,000 more flats to hit market this year
New flats made available this year will total nearly 20,000, according to Midland Realty, as developers pin hopes on a rate cut to spur sales.
Raising revenue from land: what African cities might learn from Hong Kong’s unique land-lease system
African countries can learn a lot from Hong Kong on how to use the gains from rising urban land prices to fund infrastructure and other public services.
Hong Kong’s Distressed Mansion Sales Driven by Cash-Rich Buyers
Hong Kong’s recent streak of distressed luxury property sales should persist through the rest of the year, helped by buyers flush with cash, according to Savills Plc brokers. The market is “dominated” ...
Hong Kong’s economic recovery hinges on having enough adequate housing
Housing and town planning reforms will raise social mobility, promote Hong Kong as an international talent hub and bring back our dynamism.
Swire Pacific, Wharf results dragged down by Hong Kong, China property markets
The subdued office rental market hit Swire Pacific’s property unit Swire Properties, where underlying profit fell 8 per cent year on year to HK$3.57 billion. Meanwhile, sluggish homes sales did the ...
New Hong Kong flats at Early Light’s Uppland project draw tepid response
Hongkongers buy only 17 of 139 new homes available in the New Territories project as record mortgage rates continue to dampen sentiment.
Hong Kong to ease key mortgage insurance rule to help families cope with financial stress
New arrangement will allow homeowners to seek a waiver to rent out their flats in cases of job loss or the arrival of new babies.
Hong Kong’s end-June ‘negative equity’ home loans steady, but could rise if slump persists
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Chinese President’s letter to Hong Kong entrepreneurs seen as boost, ‘special care’ for city
Hong Kong’s economy is under pressure from a grinding slowdown in China, the city’s main trading partner and source of tourism. The former British colony’s real estate sector has also been hit by high ...
Wealthy Hong Kong families sell mansions at losses amid property market downturn
Rich families in Hong Kong are selling their villas, mansions and other properties, accepting losses of millions of dollars, to pay debt as the local property market struggles.