Local stocks are set for the biggest weekly gain since early September. China’s new measures to boost home sales in top-tier cities and hopes for an end to rate hikes are fanning gains.
Hong Kong’s Residential Property Market Faces More Challenges in 2024
According to global property consultant JLL, Hong Kong's residential market turned more sluggish in the second half of 2023 as buyers are cautious amid rising interest rates and the challenging ...
More than 1 in 10 Hongkongers think it is a ‘good time’ to buy property, second highest level of optimism on record, Citi survey shows
A Citi Hong Kong survey found that 13 per cent of the respondents think it is the ideal time to buy a home, down from 16 per cent in September 2022 The survey, of 1,100 respondents, also found that ...
Hong Kong, Singapore prime property to see contrasting fortunes as luxury homes globally set to trend higher in 2024
The worst is likely over for the luxury property segment globally, with prime home prices set to rise more than previously anticipated, according to a report by Knight Frank. However, the fortunes of ...
China’s sportswear giant Li-Ning buys Henderson Land’s Harbour East for US$282 million to house its Hong Kong headquarters
Li-Ning, China’s biggest sportswear manufacturer, bought a 25-storey mixed office and retail building in North Point from Henderson Land for HK$2.2 billion (US$282 million), to house its headquarters ...
How to Apply for a Citibank Mortgage?
A mortgage loan is a type of secured loan you can apply for when you want to purchase a home or property but do not have sufficient funds to pay for it upfront. Citibank offers multiple mortgage ...
Like Hong Kong, Malaysia grapples with ‘grave pit’-sized homes as high living costs bite
Malaysia has enough laws to deal with illegal renovations and partitions done by building owners but enforcement of these laws remains a major issue.
Open House: Hong Kong’s Property Downturn May Yet Save Century-Old Townhouse
The four-story 1920s townhouse in Hong Kong’s Mid-Levels district survived Allied bombing runs during the war. It escaped the demolition wave of the 1970s and ’80s, which replaced the hillside ...
Buying property in Asia? Real estate specialists give their investment tips
Peter Churchouse of Portwood Capital said now may be a good time to buy a property in Hong Kong if you're looking to own a home. But "Hong Kong is not the place" if investors are looking for good ...
Consulates, global bodies in Hong Kong must win approval from China’s foreign ministry to extend property leases
Government reveals new arrangement for consulates and high-level international bodies to gain approval for extending leases for properties they own Development Bureau does not name consulates ...
Hong Kong Billionaire Cheng Family Boosts New World Stake
Hong Kong billionaire Henry Cheng’s family increased its stake in property developer New World Development Co. this week, according to a person familiar with the matter, as the company’s shares ...
Giant Chinese property developer Evergrande given stay of execution
There is concern that an Evergrande liquidation could severely impact the ability of other corporations, not only highly indebted real estate developers, to raise money in international financial ...
Moody’s changes Hong Kong’s outlook from stable to negative
Moody's on Wednesday (Dec 6) downgraded its outlook on Hong Kong from stable to negative, a day after cutting China's credit outlook citing costs to bail out local governments and state firms or to co ...
Carson Block Shorts Blackstone Publicly Traded Mortgage REIT
Carson Block said he’s short Blackstone Mortgage Trust, saying the publicly traded real estate investment trust is exposed to a perfect storm of economic conditions hitting commercial real estate and ...