A Hong Kong-listed Chinese real estate developer said it will suspend all offshore debt payments, citing weakness in the country’s property market, deteriorating sales and constrained liquidity.
Ex-Evergrande CEO Joins Chinese Tycoons Offloading HK Property
China Evergrande Group’s former Chief Executive Officer Xia Haijun has put an apartment in Hong Kong up for sale for HK$160 million ($20.4 million), joining Chinese tycoons that are offloading luxury ...
Evergrande’s former CEO puts Hong Kong home on market for $20.4 million
Xia stepped down from the embattled Chinese property developer in July after a probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services.
Evergrande’s former CEO puts Hong Kong home on market for $27.6 million
Hui Ka Yan stepped down as CEO last year after a probe found he was involved in diverting loans worth US$2 billion. Read more at straitstimes.com.
Evergrande’s former CEO puts Hong Kong home on market for US$20.4m
China Evergrande Group's former CEO Xia Haijun is selling his home in Hong Kong for HK$160 million (RM95.6million), Hong Kong Economic Times ...
Hong Kong developers offer huge discounts, cut prices to 2018 levels for new project launches to boost sales
Henderson has priced Henley Park in Kai Tak at an average of HK$21,088 (US$2,694) per square foot after discounts, which an agent says is 15 per cent below market price Developers and agencies are ...
Hong Kong Borrowing Rates’ Catchup With US Stymies Carry Trade
A gauge of Hong Kong’s key borrowing rates has caught up with its new US equivalents, diminishing at least temporarily the appeal of a popular carry trade that borrows the local currency to buy the ...
Hong Kong’s Kerry Properties wins downtown Shanghai land tender for US$1.25 billion
The site in Shanghai’s central Huangpu district is next to a parcel it acquired for US$1.86 billion in January last year and will form phase 2 of a larger project, Kerry says in exchange filing.
Hong Kong Dollar One-Month Rate Climbs to Highest Since 2007
The cost for banks to borrow Hong Kong dollars from each other for a month rose to the highest level since 2007 after prolonged currency intervention shrank the city’s liquidity pool and demand for ...
Man who stayed in one of Hong Kong’s ‘coffin homes’ couldn’t even fit on the bed
A man stayed in one of the 'coffin homes' in Hong Kong and it was so small that he couldn't even fit on the bed.
Hong Kong’s appetite for new homes is almost sated as weekend sale washes out amid looming property supply
In Tuen Mun, Sun Hung Kai Properties sold 83 per cent of the 223 flats in Phase 2A of its Novo Land project, a setback compared with last week Over at Ho Man Tin, Chinachem Group found just one buyer ...
With Hong Kong’s property market reeling from falling deals and prices, an uptick in rates will dampen mood further, analysts say
An elevated interest-rate environment is likely to weigh on Hong Kong’s secondary housing market until next year, given the possibility of further rate hikes by the US Federal Reserve and its ...
Hong Kong stocks extend gains with Beijing seen injecting more liquidity, reviving property sales
Hong Kong stocks extended gains, sending the benchmark gauge to a one-month high with investors confident that China will ramp up stimulus measures to bolster growth after a series of dismal economic ...
Hong Kong’s housing crisis: what you need to know about a new public-private partnership to tackle the problem
Housing minister Winnie Ho says developers could help boost construction capacity and efficiency, as well as unleash private land potential.