The HK$680 million (US$86.72 million) flat in Opus Hong Kong in eastern Mid-Levels has been put up for sale by tender by the receivers, according to a statement by Savills, which said it had been ...
Grace period for well-off Hong Kong public housing tenants to move out of flats could be cut under proposal to plug assets, income loophole
Tenants who exceed asset or income limits get a 12-month grace period to move out of their public rental flats and find homes in the private market.
Seized US$892 million Hong Kong commercial property put on sale as tycoon Chen Hongtian fights to reclaim it
One HarbourGate East Tower in Hung Hom has been put on the market for tender sale by its receivers, according to real estate firm Savills The announcement came after Chen Hongtian said on Friday he ...
Hong Kong:Has the Property Market Bottomed Out?
Whilst we acknowledge this fact, we would like to point out that the property market seems to be bottoming out in Hong Kong, which is particularly surprising given the elevated rates environment. In ...
Chinese tycoon’s $1.18 billion Hong Kong tower put on sale by creditors
Hong Kong has seen a rise in properties of Chinese developers going on the market in recent months. Read more at straitstimes.com.
Shenzhen developers target Hong Kong homebuyers amid weak April sales from local buyers
With borders now open, Shenzhen and other cities in the Greater Bay Area are increasing marketing in Hong Kong to revitalise a weak market Shenzhen developers have been especially keen to attract ...
‘Don’t want to be her ATM’: wife threatens to ditch Hong Kong husband unless he hands over chunk of US$2.5 million family estate
Social media observers have reacted with anger after a Hong Kong man reveals how he was handed a threatening ultimatum by his mainland wife to either hand over a chunk of his mother’s US$2.5-million ...
Chinese tycoon Chen Hongtian in talks with banks to resolve ‘mild’ mortgage defaults on Hong Kong property worth US$1.27 billion
Talks on repayments are proceeding with banks and there are plans to sell a stake in a commercial tower, says Chen Hongtian, the chairman of Cheung Kei Group The three properties mortgaged with the ...
Chinese tycoon Chen Hongtian in talks with banks to resolve ‘mild’ mortgage defaults on Hong Kong property worth US$127 million
Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’ forced him to miss mortgage payments.
Hong Kong police seize dismantled Tiananmen protest statue
Hong Kong national security police seized an "exhibit" on Friday that has been identified by local media as a dismantled statue commemorating the deadly Tiananmen Square crackdown in 1989. Police said ...
Cryptocurrency as property under HK law
Courts of various common law jurisdictions – such as England, New Zealand and Canada – have previously broadly determined that cryptocurrencies can be treated as a form of property, for different ...
Hong Kong homebuyers ignore rising interest rates as they snap up flats at Sun Hung Kai Properties’ University Hill project in Tai Po
Hong Kong’s biggest developer sold out all 191 units available by 5.30pm, suggesting that homebuyers have shrugged off rising mortgage loan costs, according to agents. “The market expects this to be ...
Hong Kong watchdog warns of potential conflict of interest between developers and management firms in private housing properties
The council study looked into the complicated legal regime governing Hong Kong's property management, a HK$55 billion market that affected about 1.6 million people living in privately owned ...
Hong Kong homeowners cutting prices drastically even as secondary property market continues to climb
Homeowners have cut the asking prices of 1,763 homes out of the 22,352 units listed for sale on Ricacorp Properties' website A homeowner at Casa Marina II in Tai Po sold the unit after reducing the ...