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Category: PROPERTY

Posted on 03/08/2023

Hong Kong home rental market on fire as influx of mainland professionals, graduates stokes deal volumes in key areas

The demand for rental homes in several prominent districts of Hong Kong struck an all-time high in July as an influx of mainland China professionals and graduates fuelled demand.

Posted on 02/08/2023

Hong Kong’s Property Market Is a Mess—and the Fed is Partly to Blame

Hong Kong’s notoriously expensive property market is often seen as a barometer of the city’s economy. It isn’t looking good.

Posted on 02/08/2023

Hong Kong property: mortgage loans for homes under construction fall to lowest in 17 years as rising interest rates stifle transactions

The number of new mortgage loans on residential properties in Hong Kong has dropped dramatically this year, new figures show, as rising interest rates and economic uncertainty stifle the property ...

Posted on 01/08/2023

In a first, Hong Kong residents can co-own a home in Shenzhen with family members as China’s tech hub eases rules

Hong Kong residents with family members holding residence permits in Shenzhen are eligible for the first time for government-subsidised housing after authorities relaxed rules to help low-income ...

Posted on 01/08/2023

Hong Kong homeowners slash prices as they race to sell before property values fall further

Homeowners in Hong Kong are offering steep discounts as they race to offload their properties quickly before the market falls further. In a recent case that underscores the trend, a seller in Tai Po ...

Posted on 31/07/2023

Jardine company earnings held back by Hong Kong property

A number of Bermudian-listed and domiciled Jardine companies reported earnings on Friday, with strong indicators of post-pandemic recovery somewhat balanced by sizeable investment losses. These ...

Posted on 31/07/2023

Hong Kong developer Hang Lung Properties reports 23 per cent profit growth in first half but warns of ‘clouds’ in outlook

Net profit rose to HK$2.39 billion (US$306 million) in the first half, while total revenue dropped 1 per cent even as mall revenue rebounded. Still, ‘plenty of uncertainties’ persist, both ...

Posted on 31/07/2023

Analysis-Words only go so far: Investors want property fixed before buying China

For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property ...

Posted on 28/07/2023

Hong Kong and Malaysia sign 11 deals, including 1 involving MTR Corporation, as John Lee wraps up week-long Asean trip

Malaysia and Hong Kong’s MTR Corporation will work together on property developments for a transit rail project linking Johor Bahru and Singapore.

Posted on 28/07/2023

Hongkong Land H1 underlying profit flat at US$422 million

PROPERTY group Hongkong Land on Friday (Jul 28) reported underlying profit of US$422 million for the first half of 2023, marginally down from US$425 million a year ago, amid lower planned sales ...

Posted on 28/07/2023

Hong Kong home prices weaken again as interest-rate hikes, mortgage pain, new supply undermine market recovery

Home prices slipped again in June, official data showed, as rate hikes, higher mortgage repayments and fresh supply of new flats undermined the city’s property market recovery last quarter.

Posted on 27/07/2023

Hong Kong home prices fall again in June as interest-rate hikes, mortgage pain, new supply undermine market recovery

Home prices slipped again in June, official data showed, as rate hikes, higher mortgage repayments and fresh supply of new flats undermined the city’s property market recovery last quarter.

Posted on 27/07/2023

Hong Kong home prices ease in June for a second straight month

Hong Kong home prices fell 0.5 per cent from May, easing for a second consecutive month, hurt by expectations of more interest rate hikes and weak consumer confidence in the city's economic ...

Posted on 26/07/2023

Hong Kong woman dies after quarrel with sisters over sale of property leads to flat fire

The 58-year-old tenant of the flat in Lok Shun House at Tsz Lok Estate in Tsz Wan Shan was certified dead at 11.34pm on Monday after she was sent to Prince of Wales Hospital a day earlier when the ...

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