China’s economic slowdown is wreaking havoc on Hong Kong’s luxury property market.The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years ...
People’s ‘assets are disappearing’: Midland Realty chairman sounds the alarm as he urges removal of all Hong Kong property cooling measures
Hong Kong should do away with property sector cooling measures altogether as declines in real estate values and the stock market are putting Hongkongers’ assets at risk, says the chairman of Midland ...
Hong Kong luxury rents dropped in fourth quarter but rose slightly in 2023, good for 9th spot on Knight Frank global list
Rents rose 0.9 per cent in 2023, raising Hong Kong from 10th to ninth place in the latest Knight Frank Prime Global Rental Index Singapore sits in fourth place with a 5 per cent annual gain, while ...
BPAHK Urges HK Govt to Withdraw Spicy Measure in Property Mkt, Reduce Stamp Duty on Stocks
Lo said that the recovery of Hong Kong's property and stock markets was not as expected. Lo hoped for the withdrawal of spicy measures in the property market and the reduction of stamp duty in the ...
Timely rule change to help flat buying in Hong Kong’s Greater Bay Area
Relaxing daily cross-border remittance caps will make it easier to purchase homes in the development zone, and thus provide incentive for jobseekers and entrepreneurs to move Hongkongers are often ...
Hong Kong’s corruption-busters to take the world to school with new academy designed to train fraud fighters using hi-tech virtual reality
First course this month gets 40 applications from around the world for just 20 places, Independent Commission Against Corruption says Danny Woo, the ICAC commissioner, says inaugural academy course ...
In Hong Kong, abandoned villages have been reclaimed by nature
Thick roots tumble across a dilapidated house, the snake-like trunks of a banyan tree framing where the front door once stood. Its walls have been hollowed by decades of typhoons, monsoons and summer ...
Year of the Dragon: Hong Kong MPF members advised to diversify their investments as markets remain volatile, analysts say
Markets will continue to experience volatility due to uncertainties in economic growth, interest rates and geopolitical events, analyst says The MPF gained 9.5 per cent in the last Year of the Dragon ...
3D-printed concrete buildings? Hong Kong research team hits brick wall in bid to take cutting-edge tech mainstream
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...
Rural chief: HK fortune favours end to property duties
The head of the Heung Yee Kuk, Kenneth Lau, said on Sunday he hopes the government will take note of the Lunar New Year fortune he drew for Hong ...
Hong Kong court orders Chinese property developer Evergrande to liquidate
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble ...
Truong My Lan family sells Hong Kong building for $820 million
The deal, reported by Mingtiandi, an Asian real estate news platform, was closed at a sum of HK$6.4 billion (approximately $820 million). The property in question, the Nexxus Buil ...
3 U.S.-Listed Hong Kong Stocks to Buy as Chinese Markets Collapse
The trend was exacerbated by last year’s ordered liquidation of heavily indebted property developer Evergrande (OTCMKTS:EGRNY). It deteriorated even further to see outflows from Chinese and Hong Kong ...
Hong Kong’s Wang On Group disposes of notes in indebted developer China South City, warns of US$4.2 million annual loss
The Hong Kong conglomerate sold the notes for about US$3.8 million, about 45 per cent of their principal amount Wang On Group expects to see a loss of about HK$32.9 million (US$4.2 million) in the ...