The move is the latest in a weeklong burst of easing measures aimed at stimulating China’s moribund property market.
Hong Kong tycoon Cecil Chao’s shift: From $128M marriage offer to accepting daughter’s same-sex partner
Hong Kong property tycoon Cecil Chao once offered HKD1 billion (US$128 million) to find a husband for his daughter, Gigi Chao, but his efforts were unsuccessful.
Hong Kong property scion Adrian Cheng steps down as chief of New World Development
Eric Ma, a former secretary for development of the Hong Kong government and family outsider who was appointed as New World’s chief operating officer in January this year, will be taking over Cheng’s ...
Adrian Cheng, member of one of Asia’s richest families, resigns as New World CEO after the Hong Kong developer posts $2.5 billion loss
His resignation adds to questions over succession at the Cheng family conglomerate, whose business also spans from jewelry to logistics.
Trading Halted In Hong Kong-listed New World Development
Share trading in property giant New World Development was suspended in Hong Kong on Thursday ahead of its earnings release later in the day amid reports its chief executive will step down and it will ...
HK Weekend Home Sales Fall to Eight-Week Low Despite Rate Cut
Lower interest rates have yet to spur a recovery in Hong Kong’s property market as weekend sales dropped to the lowest in two months, days after banks in the city reduced borrowing costs.
Lower rates fail to lift transactions on Hong Kong’s secondary property market
The new cycle of interest rate cuts spurred by the Fed failed to lift Hong Kong’s secondary property market over the weekend.
Why rate cuts won’t save cash-strapped Hong Kong tycoons and their luxury properties
Hong Kong luxury property market grapples with high interest rates and falling valuations, forcing wealthy owners to sell at big losses In the first of a two-part series, Salina Li, Aileen Chuang and ...
Various sectors say interest rate cut beneficial to Hong Kong economy
The Hong Kong Monetary Authority HKMA on Thursday reduced its base interest rate to 525 percent which is widely considered to be conducive to enha ...
Why are selfie shops and claw machine arcades popping up all over Hong Kong?
The new lipstick effect? ‘Experiential stores’ are taking over as traditional shops shut in Hong Kong as people spend less amid struggling economy ...
Hong Kong banks trim prime rates by a quarter point, meeting Fed’s aggressive cut halfway
Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners.
HK central bank cuts interest rate
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 percent, tracking a move by the US Federal Reserve.
Hong Kong’s property market set to revive gradually as rate cuts buoy sentiment, demand
The first rate cut should lure more homebuyers back to showrooms, and prices are appealing after a 25 per cent slump from peak, analysts say.
Borrowers urged to be cautious despite rate cut
The Acting Chief Executive of the Hong Kong Monetary Authority (HKMA), Howard Lee, on Thursday urged people to remain cautious when it comes to applying for mortgages or making borrowing decisions, ...