The move comes hours after US and UK forces launched strikes against the rebels in Yemen, seeking to halt their repeated attacks on shipping in the Red Sea.
Weak demand, tighter lenders: Hong Kong property developers face tough 2024
Hong Kong's property companies face a squeeze in 2024 from rising funding costs and sluggish home sales and office rentals, making creditors and investors cautious about developers’ financial health.
Open House: $77,000 a Month Rental Shows Depth of Hong Kong’s Luxury Downturn
The deep freeze in what was the world’s hottest property market is prompting a significant shift in strategy by home owners in Hong Kong.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, ...
Hong Kong New Residential Construction Completions to Implode 44 Percent by 2026
Based on JLL's latest Hong Kong Residential Market Monitor Report, JLL forecasts annual private housing completion in 2026-2028 to decrease 44% compared to 2023-2025.
Hong Kong will not sell residential, commercial land amid slow demand
This would be the first time Hong Kong's government has not rolled out any residential sites in a quarterly sale, analysts said, highlighting weak demand in one of the world's most expensive property ...
Hong Kong home sales sink to 33-year low
Property transactions in Hong Kong descended to the lowest level in 33 years in 2023 as sentiment among potential homebuyers was submerged under a deluge of poor economic news and high interest rates, ...
Commentary: Hong Kong’s economy struggles to get back on its feet
Geopolitical tensions, a strong local currency and talent drain are among the reasons for Hong Kong’s disappointing post-COVID recovery, says a University of Hong Kong lecturer.
Sun Hung Kai Properties, ‘survivor in a long winter’, tops Hong Kong property sales with 30% of homes sold in 2023
Sun Hung Kai Properties accounted for over a quarter of the 11,011 residential units that changed hands in 2023, topping Hong Kong's property sales table; Citigroup expects SHKP t ...
Hong Kong home sales sink to 33-year low in 2023 amid high interest rates as sector sees glimmers of rebound in December
Transactions in 2023 fell 2.7 per cent year on year to 58,023, while value fell 13.9 per cent to HK$477.6 billion (US$61 billion), Centaline says. Property agents see growth ahead given positive ...
Hong Kong property management firms concerned over handling waste-charging scheme breaches, 90% have yet to reach agreement with clients, regulatory body says
Property Management Services Authority urges Environmental Protection Department to offer a six-month transition period for the scheme Only five to 11 per cent of polled companies say they have ...
Hong Kong Mortgages for Existing Property Slide to Fewest Since 2001
The number of mortgages for Hong Kong real estate fell to a more than two-decade low, a reflection of the city’s severe property downturn.
Moves on Hong Kong land supply step in right direction for city development
CR Land backs Hong Kong’s development with Northern Metropolis property JV The applicant will be required to pay full market premium for the entire site, and build public facilities as specified by ...
CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress
CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.
Hong Kong authorities take owners of 20 old buildings to court over slow response to inspection orders
Authorities say they have ‘initiated prosecution procedures’ against owners linked to another 90 sites as part of government clampdown on poorly maintained buildings.