The secondary housing market is sinking further as interest rate rises and a wave of emigration take a toll on demand As many as 34 housing estates near railway stations have seen their prices fall ... ( read original story ...)
China property developers’ woes cast shadow over management units
China's real estate crisis is casting a darkening cloud over governance and financial prospects of once highly valued property management companies, triggering a rout in their shares and making ... ( read original story ...)
Hong Kong retail landlords expect slow recovery even as travel restrictions ease and latest vouchers boost retail spending
Market watchers do not expect an immediate impact from a reduction in quarantine requirements, though new round of vouchers should boost spending With rents at 1988 levels, tenants should extend ... ( read original story ...)
Hong Kong’s last sawmill faces closure
HONG KONG — Chi Kee Sawmill & Timber, Hong Kong’s last operating sawmill, has been processing timber in the city for 75 years. ( read original story ...)
Cagamas’ mortgage scheme gaining traction
Cagamas Bhd’s reverse mortgage loan scheme called Skim Saraan Bercagar (SSB) has attracted interest and is within the mortgage corporations expectations since applications opened on Jan 17, 2022, in ... ( read original story ...)
Amid largest property sale in two years, Hongkongers snap up bargain flats in New Territories
With 666 flats for sale on Saturday, Hong Kong saw the most units for sale in a single weekend in two years Henderson Land launched 318 units at One Innovale-Archway while SHKP had 348 units available ... ( read original story ...)
Hongkong Land (OTCMKTS:HNGKY) Stock Crosses Above 50-Day Moving Average of $24.99
Hongkong Land Holdings Limited (OTCMKTS:HNGKY – Get Rating)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.99 and traded ... ( read original story ...)
Conditions in Hong Kong subdivided flats still bad despite regulations created to better protect tenants
Measures designed to improve life in subdivided flats have failed to make an impact, campaigners say Tenants still suffer poor conditions, with cockroaches, rats and combined toilets and kitchens ... ( read original story ...)
CK Asset Logs 44% Jump in First-Half Revenue as Hong Kong Property Sales Soar
CK Asset raked in revenue of HKD47.6 billion (USD6.1 billion) in the six months ended June 30, the Hong Kong-based real estate developer said in its interim financial report released yesterday. ( read original story ...)
Hong Kong buyers shun investment in Greater Bay Area homes amid uncertainty over project completions, border reopening
Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China. ( read original story ...)
Hong Kong property investments surge 52% to USD2.2b in Q2
The total investments for H1 is now at USD3.7b. The record-high rate hike by the US Federal Reserve caused investors to delay their decisions during the second quarter of 2022, but Colliers believes ... ( read original story ...)
Hong Kong should stop building Home Ownership Scheme flats, reallocate land for public rental houses, says JLL boss
The waiting time for a public rental property currently stands at 6.1 years, a 23-year high 'There is no reason to help people buy houses when the situation is so critical,' says Joseph Tsang, ... ( read original story ...)
What buyers of uncompleted properties overseas from Hong Kong should do to protect their interests
Buying uncompleted properties overseas comes with inherent risks and buyers should seek professional advice before taking any decision The Estate Agents Authority has embarked on several campaigns, ... ( read original story ...)
China mortgage strikes threaten property sector’s house of cards
HONG KONG -- Chen Peng put his entire life savings, and that of his parents, into a 300,000 yuan ($44,000) down payment for a condominium that should have been finished in 2018. Four years later ... ( read original story ...)