His latest comments shake the market’s longstanding assumption that his eldest son Adrian Cheng will succeed him. Read more at straitstimes.com.
Hong Kong watchdog SFC acquires 12 floors in Swire Properties’ One Island East for US$691 million in ‘cost-saving’ deal
Hong Kong’s Securities and Futures Commission has agreed to pay HK$5.4 billion (US$691 million) to acquire a number of floors at Swire Properties’ One Island East development in Quarry Bay for its ...
Hong Kong to relax mortgage arrangements for second-hand subsidised homes to support less well-off buyers
Under revised rules that take effect in march next year, government will extend mortgage default guarantee period on a flat from 30 to 50 years.
Hong Kong real estate agencies face legal action from antitrust watchdog over alleged sales commission fixing
Hong Kong’s competition watchdog has taken legal action against two real estate agencies for allegedly fixing sales commissions with rival firm Centaline, which has been granted leniency in exchange ...
Hong Kong antitrust watchdog launches legal action against 2 major property agencies and their top management over commission rate fixing
Competition Commission says it is taking Midland Realty and Hong Kong Property Services (Agency) to court over directing agents to charge minimum net commission rate.
Chinese Estates’ Joseph Lau says he would not dare buy property amid high interest rates in Hong Kong
The property magnate and Chinese Estates founder says high interest rates are forcing businesspeople to recalculate their investments and potential returns. ‘It’s better to hold on to the money now.’ ...
Hong Kong Mortgage Corporation’s ‘100% Personal Loan Guarantee Scheme’ Posts Default Rate ~10%
The Hong Kong Mortgage Corporation Limited launched the 100% Personal Loan Guarantee Scheme (PLGS) in 2021 to provide a supplementary financing option to individuals who suffered f... The Hong Kong ...
MTR receives no ‘conforming tender’ for Tung Chung site in latest setback for Hong Kong’s property market outlook
MTR Corp has failed to attract any conforming tender to develop a site known as Tung Chung Town Lot No 53, despite many expressions of interest from potential bidders.
Hong Kong taps property tycoons to attract family offices
THE Hong Kong government has tapped property tycoons to lure more family offices to the financial hub. Read more at The Business Times.
Hong Kong police charge 2 men with property damage over alleged disruption of organ donation register
Hong Kong police have charged two men with criminal damage to property, after they were arrested in June for allegedly disrupting the city’s organ donation register following controversy over opening ...
Former Man United star Gary Neville seeks buyers from Hong Kong for branded property units in Manchester
Former footballer Gary Neville is marketing to Hongkongers, flats in a 41-storey tower in Manchester that will be the first branded residences and five-star hotel in the city located in northwest England.
Factbox-China property rescue? Who are Ping An Insurance Group and Country Garden?
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday, citing ...
Ping an Loses $2.1 Billion in Market Value, China Property Rallies on Country Garden Rescue Report
HONG KONG (Reuters) - China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in troubled developer Country Garden.
Hong Kong economy to grow by 3-4 per cent this year on slower-than-expected recovery in tourism and trade, finance chief warns
Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy.