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Category: PROPERTY

Posted on 30/04/2024

Strained Chinese cities struggle to pay home buying subsidies

Amy Wang was counting on a 100,000 yuan ($13,800) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the ...

Posted on 30/04/2024

Chinese property developer Kaisa’s liquidation hearing adjourned to May 27

A Hong Kong court adjourned a hearing to liquidate Kaisa Group to May 27, as the embattled Chinese property developer said it aims to iron out restructuring terms in the coming four weeks.

Posted on 29/04/2024

Chinese property shares rally on stimulus hopes

Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase ...

Posted on 29/04/2024

Hong Kong homebuyers, enticed by big discounts, snap up all flats on offer at Great Eagle’s Onmantin project

On Saturday, 220 of the 260 flats on offer at Onmantin were already sold as of 7pm after the project received 7,500 orders from prospective buyers.

Posted on 27/04/2024

Hong Kong homebuyers, enticed by big discounts, snap up most flats on offer at Great Eagle’s Onmantin project

On Saturday, 220 of the 260 flats on offer at Onmantin were already sold as of 7pm after the project received 7,500 orders from prospective buyers.

Posted on 27/04/2024

Contractors going at ‘full speed’ to deliver 29,000 light public flats: Hong Kong housing chief

Secretary for Housing Winnie Ho says projects represent 96 per cent of government's target to complete 30,000 light public flats by 2026-27 financial year 'I am confident we can complete all 30,000 ...

Posted on 26/04/2024

Hong Kong home prices rise for first time in 11 months as removal of cooling measures boosts demand

Property sales rose to a 10-month high in March ... need to pay a Special Stamp Duty if they sell their homes within two years of purchasing it. The Hong Kong Monetary Authority followed suit with its ...

Posted on 25/04/2024

HK property on track for highest sales in at least 13 months, but prices still falling

Developers and agents, desperate for transactions, have cut many of the latest deals at deep discounts. Read more at straitstimes.com.

Posted on 25/04/2024

John Lam of UBS, who took on Evergrande, is now bullish on China property

The UBS analyst shocked markets three years ago with a rare sell rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse. Now Lam is going ...

Posted on 22/04/2024

‘No need to be concerned’ about Hong Kong property market as long as city plays to strengths, JLL global CEO says

It’s overall a pretty outstanding location, and pretty outstanding locations will be successful,’ Christian Ulbrich says.

Posted on 22/04/2024

‘No need to be concerned’ about Hong Kong property market as long as city plays to strengths, says JLL global CEO

It’s overall a pretty outstanding location, and pretty outstanding locations will be successful,’ Christian Ulbrich says.

Posted on 20/04/2024

Hong Kong’s homebuyers set aside high-rate concerns as they snap up Wheelock’s Park Seasons flats after discounts

Some analysts have expressed concern that buyers may hesitate to purchase homes should the rate cut not materialise this year.

Posted on 19/04/2024

Hong Kong police officer found guilty of fraud over HK$26 million in mortgages

Superintendent Harbour Chan found guilty of two counts of fraud in relation to two mortgage applications made involving luxury house and flat.

Posted on 18/04/2024

Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

Property agents have raised sales forecasts for the year amid project launches at discounted prices, but say a lack of a rate cut could pare those estimates.

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