Profit at Hong Kong rail operator MTR falls 21% on property woes

HONG KONG -- Hong Kong railway operator MTR saw its net profit tumble 21% on the year in 2016 due to a slower property development market, but the company is getting a boost from mainland Chinese developers competing for land in the territory. Net profit ... ( read original story ...)

Sympathy for the Hong Kong Property Devil

Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Chinese companies have been gorging themselves on land in Hong Kong, outbidding the local ... ( read original story ...)

In Hong Kong home prices have risen 370 per cent to new record

Hong Kong’s existing home prices have climbed to a record, fuelled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices. The Centaline Property Centa-City Leading Index, which tracks sales in ... ( read original story ...)

Hong Kong hands out generous budget, paints brighter outlook

The Hong Kong dollar is pegged to the greenback and expectations of two to three U.S. interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labor ... ( read original story ...)

Why Hong Kong banks are reluctant to follow US in hiking rates

The second reason is the soft demand for mortgage loans and thus keen competition among banks for such business. Since the financial crisis, the Hong Kong government has launched eight rounds of counter-cyclical measures to cool the housing market. ( read original story ...)