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Category: PROPERTY

Posted on 26/03/2023

Rolling in it: luxury-loving Hong Kong boasts the highest number of Rolls-Royces in the world with one car alone costing US$12 million

The lucky owner of the one-off car, which took four years to build, is Hong Kong's Sam Li, the son of billionaire real-estate mogul Samuel Tak Lee, whose property empire stretches from Hong Kong and ...

Posted on 25/03/2023

Hong Kong property: In One, Grand Jete post bumper sales as homebuyers rush back after banks held mortgage rates unchanged

The long queues were a welcomed sight for Hong Kong's developers and sales agents, as rising interest rates combined with the Covid-19 pandemic to knock the city's property bull market off its footing ...

Posted on 25/03/2023

MSR Financing, Marketing, Appraisal, DPA Products; Fannie, Freddie Changes; EU Central Bank News

I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday ...

Posted on 25/03/2023

A Mansion in Hong Kong’s Exclusive Peak Neighborhood Poised to Set a Price Record

The current unit price record for a residential property in Asia was set in 2021, when an apartment at a development called Mount Nicholson sold for HK$140,800 per square foot, or a total of HK$639.8 ...

Posted on 24/03/2023

Hong Kong property heir buys luxury home for $10.1m

HONG KONG – Property heir Douglas Woo bought an apartment in an upscale area of Hong Kong for HK$59.8 million (S$10.1 million) at a time when the city’s luxury market is just picking up as the border ...

Posted on 24/03/2023

Hong Kong Property Heir Pays Low Tax on $7.6 Million Luxury Home

Hong Kong property heir Douglas Woo bought an apartment in an upscale area for HK$59.8 million ($7.6 million) while reportedly paying the stamp duty rate reserved for first-time home buyers. The ...

Posted on 24/03/2023

Outlook for Hong Kong’s property market bright as end of interest rate increases in sight, analysts say

The border reopening with mainland China is also boosting the confidence of investors to snap up property as an economic recovery is also likely to bolster demand for homes in Hong Kong. A rising ...

Posted on 23/03/2023

Hong Kong Office Market Enjoys Positive Absorption in February

According to JLL's latest Hong Kong Property Market Monitor report, Hong Kong's Grade A office market recorded positive net absorption in February 2023 after it recorded negative net absorption for ...

Posted on 23/03/2023

Chinese buyer’s offer for this Hong Kong mansion could be new Asia record

The four-story property is located at No. 45 Barker Road, with a total floor area of 4,700 square feet (437 square meters), the Hong Kong Economic Times reported, citing an unidentified market source.

Posted on 23/03/2023

Breakfast briefing: Fed hikes +25 bps, signals more

Fed stays focused on inflation-fighting; US landlords wavering; Hong Kong gets liquidity stress; UK inflation stays high; ASIC warns fund managers to keep valuations current; UST 10yr 3.55%; gold and ...

Posted on 23/03/2023

Debt-ridden China Evergrande Rolls Out Restructuring Plan

The next hearing in the Hong Kong winding-up case is scheduled for July 31 ... including Evergrande -- failing to complete housing projects, triggering protests and mortgage boycotts from homebuyers.

Posted on 21/03/2023

Hong Kong Developer Opens New Office Towers Amid Record Vacancy

A Hong Kong property developer is bringing new commercial buildings to the market even as the competition for tenants intensifies amid record-high vacancies.

Posted on 20/03/2023

House with Abby Choi’s remains now on list of Hong Kong’s ‘haunted’ homes where history of murder, grisly crime and death keep prices down

Properties with links to murder, suicide and tragedy can also impact prices of neighbouring flats, as grisly reputations hard to forget in Hong Kong ...

Posted on 17/03/2023

Research: HK Biz Positive on Return of GBA Tourists; Avg Spending RMB36,400 Predicted for Each Tourist

Related News G Sachs Expects HK P-based Mortgage Rate Has Peaked, Keeps Buy Rating on NWD, CKA However, about 10% to 15% of consumers will reduce their individual spending in Hong Kong in the next ...

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