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.
Hong Kong’s ‘glass king’ of Biel Crystal snaps up Peak mansions in HK$1.1 billion sale
Yeung and Lam like the Plantation Road area as they spent HK$2.8 billion in 2017 on a plot of land along Pollock’s Path, adjacent to their latest purchases.
Hongkong Land net loss expands 150% amid weak sales of mainland China projects
Hongkong Land owns and manages more than 850,000 square metres (9.1 million sq ft) of prime office and luxury retail property in Asian cities including Hong Kong, Singapore, Beijing and Jakarta. It ...
Hongkong Land posts H1 underlying loss of US$7 million on non-cash provisions to China properties
PROPERTY developer Hongkong Land on Thursday (Aug 1) posted an underlying loss of US$7 million for the six months ended Jun 30, compared with an underlying net profit of US$422 million in the ...
Hong Kong mansion sells at 60% of broker’s estimate
The property is a two-storey detached house with a site area of about 912sq m. The house was put on sale by Jones Lang LaSalle Inc and Savills Plc, who had been appointed by receivers Acclime ...
Hong Kong home prices soften for second straight month in June, easing 1.2%
HONG KONG - Hong Kong’s private home prices eased 1.2 per cent in June, the second monthly decline in a row, as more property developers launched new flats at steep discounts to boost sales.
Hong Kong home prices soften again in June, down 1.2%
Hong Kong's private home prices eased 1.2 per cent in June, the second monthly decline in a row, as more property developers launched new flats at steep discounts to boost sales. The fall last month ...
Hong Kong’s June lived-in home prices drop while rents rise as buyers await mortgage cuts
The prices of Hong Kong’s lived-in homes fell to the lowest in eight years while rental charges rose amid record mortgage rates, as the buying momentum ran out after February’s removal of a stamp duty ...
Rents may soar amid Hong Kong’s property gloom as students, talent immigrants spur demand
Housing rents may increase by 8 per cent this year, said Midland Realty Rents may soar to record levels this year in Hong Kong, as a fresh crop of incoming students and talent immigrants spur demand ...
Hong Kong government rejects sole bid in tender for private developers to build subsidised flats
Lands Department rejects bid as tendered premium did not meet reserve price on Chai Wan site, the first of three under pilot scheme.
How the Hong Kong property market is bouncing back in 2024 – especially the luxury sector
Investors remain cautious, but government incentives have helped, high-value properties are continuing to find buyers, and the rental market is stable ...
Pimco, RRJ Near Deal for Refinancing $1 Billion HK Property Loan
Chinese distressed builders Logan Group Co. and KWG Group Holdings Ltd. are close to signing a private loan to refinance a HK$10.2 billion ($1.3 billion) facility that backed the development of a ...
Gaw Capital’s auction of Hong Kong commercial tower has buyers interested
Wai Yip, which was acquired in 2013 for HK$930 million (US$119 million), could fetch as much as HK$1.45 billion, according to Vincorn Consulting’s estimates.
Hong Kong real estate experts say housing balance needs shifting in favour of private sector
Real estate consultant says government should increase proportion of private homes in housing supply as economy improves Hong Kong real estate experts have called for the private sector to play a ...