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Category: PROPERTY

Posted on 29/06/2023

Hongkong Land mulls ‘significant’ investment as share buyback pace moderates: DBS

In Singapore, Hongkong Land is largely exposed to the local residential market via its subsidiary MCL Land. DBS notes that despite the recent spate of cooling measures, the impact is not significant ...

Posted on 28/06/2023

Hong Kong’s home prices fell 0.7 per cent in May, snapping 4-month rally amid fears of further interest rate increases

Prices of lived-in homes in Hong Kong fell for the first time since December, as buyers retreated to the sidelines amid worries over further interest rate increases and oversupply. The official ...

Posted on 26/06/2023

Study Buddy (Challenger): Hong Kong ends reign as world’s most expensive city for expats

This page is for students who want to take their reading comprehension to the next level with difficult vocabulary and questions to test their inference skills.

Posted on 25/06/2023

Hong Kong may relax mortgage loan-to-value ratios amid sluggish property market: Financial Secretary Paul Chan

The government is considering marginally relaxing mortgage loan-to-value ratios for some residential property purchases, the city’s finance chief said during a radio programme.

Posted on 24/06/2023

Property sales launch called off at Aruna project in Ap Lei Chau, as Hong Kong developers cut prices for new homes

The first-round sales of Aruna, priced more aggressively than other recent launches, were abruptly called off just hours before it was set to kick off on Saturday.

Posted on 24/06/2023

Chinese Builder Halts All Offshore Debt Payment on Property Market Weakness

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.

Posted on 23/06/2023

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 ...

Posted on 23/06/2023

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.

Posted on 23/06/2023

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.

Posted on 23/06/2023

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 ...

Posted on 22/06/2023

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 ...

Posted on 21/06/2023

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 ...

Posted on 21/06/2023

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.

Posted on 20/06/2023

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 ...

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