Chinese real estate giant Evergrande announced it is unable to issue new notes, and rescheduled a debt restructuring meeting with its creditors.
Hong Kong stocks tumble after China Evergrande scraps creditor meetings, triggering concerns about the property sector
Hong Kong stocks open weak after China Evergrande Group, the world’s most indebted developer, said it would cancel creditor meetings dealing a setback to its debt restructuring plans.
Hong Kong graft-buster charges 23 in connection with alleged renovation scams involving contracts worth HK$520 million in biggest case of its kind
Independent Commission Against Corruption says the case involves bribes amounting to more than HK$6.5 million.
What a $281 Million Mansion Says About Hong Kong
Take the aforementioned mega mansion. The 18,000-square-foot home with 11 bedrooms represents a former era when wealthy Chinese buyers flocked to the city for trophy properties. Today, China’s ...
Inside Hong Kong housing crisis with people living in cages and ‘coffins’
Luxury properties are always available for those that can pay, but there's an increased demand for luxury on a smaller scale in Hong Kong. This narrow flat is in a new property development in the ...
HK property billionaire with a big family dilemma
From CK Asset Holdings Ltd’s Li Ka-shing to Henderson Land Development Co’s Lee Shau-Kee, Hong Kong’s (HK) fabulously wealthy tycoons have for decades dominated the city’s property and retail sectors.
A Hong Kong Property Billionaire With a Big Family Dilemma
From CK Asset Holdings Ltd.’s Li Ka-shing to Henderson Land Development Co.’s Lee Shau-Kee, Hong Kong’s fabulously wealthy tycoons have for decades dominated the city’s property and retail sectors.
Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to restructuring plan
Sunac is following in the footsteps of Evergrande, which sought Chapter 15 protection last month Creditors holding 98.3 per cent of Sunac's outstanding bonds have approved a restructuring plan ...
Sunac, Country Garden debt deals bring respite for China’s property sector
Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery ...
As Singapore’s soaraway rental boom cools, Hong Kong rents start to heat up
The contrast between two of Asia’s prime financial hubs underscores Hong Kong’s path to recovery from the pandemic as Singapore’s policy measures to tackle soaring property prices start to bite.
Chinese Stocks in Hong Kong Drop as Property Woes Sour Sentiment
Chinese stocks listed in Hong Kong began the week with losses as persistent concerns about the health of the property sector offset optimism spurred by signs of stabilization in some other parts of ...
Hong Kong office landlords grapple with ‘irreversible’ hybrid work trend amid high vacancy rates, supply glut
Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have ...
Third Hong Kong property found with illegal structures at luxury estate
A third property at an upmarket housing estate was found to have been fitted with a three-storey illegal structure, the Buildings Department has revealed, after a landslide triggered by record rains ...
Hong Kong concern group finds 173 luxury houses citywide suspected to be occupying government land, calls for authorities to take action
Survey follows controversy over three properties at luxury estate Redhill Peninsula in Tai Tam, with breaches found after landslide prompts inspections.