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 ...
Marketmind: Hong Kong Whimpers, Japan Roars
European traders looking to Asia for direction are going to be pulled in two directions, with Hong Kong led lower by property shares as it limped into the Lunar New Year break, while Japan powered to ...
Hong Kong homeowners face losses of nearly HK$10 million in second-hand market as price decline continues
In January, the secondary market saw 419 loss-making transactions, the highest since March 2023, including one transaction that lost HK$9.62 million (US$1.2 million).
Sustain crackdown on Hong Kong housing abuses
Vigorous action against those who misuse city public flats is imperative to make room for the needy When the government initiated a fresh crackdown on public housing abuses last year, the public ...
An Insider’s Guide to the Best Luxury Hotels in Hong Kong
Whether you’re looking for a hip minimalist boutique hotel or a sophisticated, soul-soothing retreat in the city skies, there’s no shortage of dreamy stays in Hong Kong.
HANG LUNG Watchful of HK Property Mkt; Luxury Homes Still Defensive
Short selling $848.32K; Ratio 17.932% and HANG LUNG PPT (00101.HK) -0.110 (-1.228%) Short selling $9.56M; Ratio 15.184% announced their ...
R&F Properties turns to Hong Kong tycoon in distressed sale of London asset to trim part of US$42 billion in liabilities
Guangzhou R&F is seeking to offload a UK asset in the latest attempt to trim its debt burden. It is turning to Hong Kong tycoon Cheung Chung Kiu to survive the crisis.
Hong Kong, Singapore prime property prices to see big declines as high rates weigh on sentiment: Savills
Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent ...
Hong Kong church Island ECC acquires floors in building that is home to famous Sunbeam Theatre
The church has secured several floors at the property at 413-423 King’s Road as its ‘future permanent home in Hong Kong’, it said in a statement on its website.
Hong Kong church Island ECC acquires floors in building home to famous Sunbeam Theatre as its ‘permanent home’
The church has secured several floors at 413-423 King's Road as its 'future permanent home in Hong Kong', it says Local media reports in November said the floors were sold for HK$800 million (US$102.
HKMA says it regularly reviews mortgage stress tests
The Hong Kong Monetary Authority (HKMA) on Monday said it reviews the market regularly to see if it needs to ease stress test requirements for ...