Hong Kong mortgage loans that exceed the property’s value are likely to reach their highest since 2005 next year if home prices keep falling, according to Bloomberg Intelligence.
Hong Kong is suffering because of Federal Reserve
When it comes to global economic repercussions, few regions feel the pinch as intensely as Hong Kong. This financial powerhouse, which once stood as a beacon of vibrant growth and prosperity, now ...
Property Giant Hysan’s Borrowing Surges With Fresh $4 Billion Bond Issuance
Hong Kong property developer Hysan Development Company Limited (OTC: HYSNY) issued a prospectus for up to $4 billion of medium-term bonds Monday, more than 10 times its average medium-term debt tr ...
Hong Kong developers’ $76.4 billion rout may deepen as risks mount
Home prices in the city have dropped 18% from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
China’s Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over, after it ...
China’s property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt
China's Country Garden warned on Tuesday it could default on its offshore debt payments. It said in a filing it did not make a due payment in the principal amount of HK$470 million, or $60 million.
Hong Kong developers’ $76 billion rout may deepen as risks mount
Home prices have dropped 18 per cent from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
Hong Kong insurers could face record high claims as a host of typhoons, rainstorms inflict damage on the city
Hong Kong has experienced three typhoons and two rainstorm warnings over the past two months, which has spawned a surge in insurance claims 'Our industry is resilient and able to absorb these severe ...
Young Hong Kong graduates face uphill struggle to afford home as study finds buying power slashed by almost half over past 20 years
New Youth Forum warns that high home prices risk putting dream of home ownership out of reach for many young people Census and Statistics Department and Rating and Valuation Department figures used to ...
Hong Kong stocks jump on property easing speculation, China recovery bets while Sunac deal lifts distressed developers
China's recovery seen strengthening after a rebound in economic activity, with Goldman Sachs predicting more policy support this year Speculation on market easing measures fuelled gains among Hong ...
Is There A Real Estate Bubble In Hong Kong That’s About To Burst?
Chinese real estate developers are having some of their worst 12-month periods on record this year, defaulting on billions of debt as they face the new reality of much slower home sales in mainland ...
Mid-Week In China: A Tough Export Climate & More Property Woes Sink Hong Kong Stocks
Fears of an increasingly tough climate for Chinese exporters and more malaise in the property market sent Hong Kong shares trading lower Wednesday. After trying to rise higher in the morning, the Hang ...
Embattled Chinese property firm Evergrande up 20% after trading resumes in Hong Kong
Shares of embattled Chinese property giant Evergrande surged over 20% after it resumed trading in Hong Kong on Tuesday.
Stock market today: Asian markets sink, with Hong Kong down almost 3% on selling of property stocks
U.S. futures fell and oil prices also were lower. Hong Kong’s Hang Seng dropped more than 3% as investors unloaded property shares. However, China Evergrande was up nearly 16%, resuming trading after ...