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Category: PROPERTY

Posted on 11/04/2024

Hong Kong building residents return home after deadly blaze, as some complain of long-standing safety worries

Residents begin trickling back to 60-year-old building where blaze killed five and injured 43 the day before, with access allowed for some to retrieve belongings Some voice frustration at ...

Posted on 11/04/2024

Hong Kong stocks tumble on China deflation concerns, reduced US rate cut expectations

The Hang Seng Tech Index slid 1.6 per cent and the Shanghai Composite Index retreated 0.3 per cent. Hong Kong’s property sector posted losses across the board on concerns borrowing costs will remain ...

Posted on 10/04/2024

Hong Kong Government’s Removal of All Property Cooling Measures Supported Residential Sales Rebound and Price Recovery in March

HONG KONG SAR - Media OutReach Newswire - 10 April 2024 - Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets Q1 2024 Review and Outlook press conference.

Posted on 10/04/2024

Hong Kong building fire kills at least five people and injures 27

A fire at a building in Hong Kong on Tuesday morning killed at least five people and left another 27 injured.Police said they were still receiving […] ...

Posted on 10/04/2024

Hong Kong’s latest problem is a 99% nosedive

The last thing Hong Kong’s struggling stock market needs is for the shares of a $1.9 billion listed company to plunge 99% in 15 minutes. That's the fate that befell China Tianrui Group Cement as ...

Posted on 10/04/2024

Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures

HONG KONG SAR - Newswire - 10 April 2024 - LOFTER Group (the Developer) has achieved remarkable sales results in its latest real estate development, Elize PARK. The Developer has witnessed an ...

Posted on 10/04/2024

Square Metres: Hong Kong investor Oriental Properties shows vote of confidence in Bunbury

An international property group has bought a Bunbury development site for close to $5 million, in a vote of confidence for the burgeoning region.

Posted on 09/04/2024

Centurion unit sets up JV company to lease, refurbish Hong Kong property

ACCOMMODATION assets operator Centurion Corporation on Tuesday (Apr 9) said its wholly owned subsidiary Centurion Overseas Investments has established a 60 ...

Posted on 09/04/2024

Hong Kong – Contractually Obliged To Play Ball.

Successfully acted for the Spalding Group, a leading sports equipment manufacturer, in a Hong Kong case involving trade mark infringement, infringing company names and passing off proceedings, where ...

Posted on 09/04/2024

Mainland Chinese Buyers Flock Back to Hong Kong Luxury Properties in Early 2024

Mainland Chinese buyers are observed to have accounted for around 70% of recent primary sales of luxury residential properties worth HKD 30 million or above, rebounding from less than 50% before the ...

Posted on 09/04/2024

China’s property crisis hits small regional banks harder than big players

In terms of the scale of bad property debts, some institutions saw even larger increases. At the top of the list is Bank of Qingdao, headquartered in Shandong province, near Liaoning, which suffered a ...

Posted on 08/04/2024

Hong Kong an outlier in making life easier for foreign homebuyers

Hong Kong’s move to scrap long-standing cooling measures in February was a breath of fresh air at a time when other markets are turning inward. The city deserves credit for adopting a contentious ...

Posted on 08/04/2024

Another big Chinese property developer faces a liquidation suit

Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank, in yet another instance of creditors taking legal action to ...

Posted on 08/04/2024

Chinese state-owned bank seeks liquidation of property developer Shimao

Steps taken in Hong Kong by China Construction Bank signal creditors’ growing impatience with struggling sector ...

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