The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)
Why the end of quarantine will not end the pressure on city’s property rentals market, with resident departures still a concern
The city’s property sector has to contend with a slowing economy, a stock market fall, rising inflation, higher interest rates and resident departures. ( read original story ...)
Hong Kong property developer New World expects housing market to feel the squeeze from rising interest rates
Housing market will gradually recover as there is still strong demand for homes, says New World CEO Adrian Cheng, after developer posts an 8.5 per cent increase in full-year profit to US$159.2 million ... ( read original story ...)
Hong Kong government brushes aside cooling housing market as it lines up three residential plots worth US$4.9 billion for sale
The three sites in Kai Tak, Stanley and Kennedy Town will yield around 2,500 flats, but analysts expect developers to be conservative in their bids amid a slowdown in the housing market. ( read original story ...)
Billionaire Li Ka-Shing’s CK Asset Sells Hong Kong Properties To Singapore Fund For $2.65 Billion
Hong Kong billionaire Li Ka-shing’s CK Asset Holdings, gave up its all and only issued shares in Aim Clever Holdings, an indirect wholly-owned subsidiary of the company that owns residential ... ( read original story ...)
Beijing’s property bandage fails to staunch blood
Another day, another Chinese property market selloff. This time, though, involves one of China’s healthier developers. Hong Kong-listed CIFI on Wednesday confirmed that it defaulted on an onshore ... ( read original story ...)
Hong Kong’s CK Asset to divest property assets for $2.65 bln
Hong Kong-based investment holding company CK Asset Holdings 1113.HK has agreed to divest property assets for HK$20.77 billion ($2.65 billion). CK Asset said on Wednesday its subsidiary would sell ... ( read original story ...)
Hong Kong’s subdivided flats: depression, cockroaches, rats and shame add up to misery for people in subdivided flats
Poor living conditions take a toll on physical, mental health of 220,000 sharing the city’s smallest living spaces with many others. ( read original story ...)
Hong Kong’s subdivided flats: why the people who live in them say they have no choice
After a long night shift, security guard Leung returns to the tiny space he calls home in an old residential building in Sham Shui Po. There are more than 220,000 people like Leung, living in Hong ... ( read original story ...)
Hong Kong’s lived-in home prices to revisit 2017 levels as more rate increases prolong housing market correction
The housing industry is due for further correction, according to property analysts, as some secondary-market transactions approached 2017 lows. ( read original story ...)
Hong Kong man jailed for aiding and abetting his parents to kill themselves after failing to go through with suicide pact
A former chauffeur has been jailed for 5½ years for aiding and abetting his parents to kill themselves by jumping off a 13-storey building in a failed suicide pact. Lau Ka-wai, 42, pleaded guilty ... ( read original story ...)
Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run out of patience
Evergrande can only watch as receivers of its Hong Kong headquarters building in Wan Chai engage Savills to put the asset on the market to recover debt. ( read original story ...)
How Hong Kong homebuyers have seen their purchasing power shrink by HK$1 million since January
The erosion in buying power comes after increases in both the Hibor and banks' prime rates HKMA on Friday relaxed its stress-test requirements for new mortgage borrowers by 100 basis points Owning a ... ( read original story ...)
Hong Kong Mortgage Costs Spiking With 97% on Floating Rates
Almost all homebuyers in the world’s least affordable housing market are tied to a floating interest rate, making the city’s property market among the most vulnerable to tightening monetary policies. ( read original story ...)