The founder and Chief Executive of Centaline Property Group, Shih Wing-ching, says he expects at least a 15 percent fall in local property prices ... ( read original story ...)
Oprah Sells to Aniston, Recent Hong Kong Home Buyers Could Face Steep Losses, and More
Style Villa in Southern California to Jennifer Aniston. What do Oprah Winfrey and Jennifer Aniston have in common? Besides big names, deep pockets and legions o ... ( read original story ...)
Hong Kong property groups get flexible as office space glut grows
Hong Kong’s property developers are having to construct more flexible leasing offers to attract businesses, as the city faces more than 246 football fields of excess supply of office space by 2025. ( read original story ...)
Australia’s big cities hold ‘opportunities’ for Hong Kong, mainland China property investors even as mortgage rates climb
Major cities such as Sydney, Melbourne and Perth are likely to offer investors the best deals owing to sustained housing demand, potential stamp duty savings and solid fundamentals, say analysts. ( read original story ...)
Hong Kong property market in a ‘depression’ after poor sales at Miami Quay, expert says
Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold Aside a resurgence in Covid-19 infections, Hong Kong's homeowners and potential buyers are also bracing ... ( read original story ...)
Property developer Sunac China gets winding-up petition in Hong Kong
Cash-strapped property developer Sunac China said on Thursday it received a winding-up petition at the Hong Kong High Court over non-payment of certain senior notes worth $22 million and interest. ( read original story ...)
China’s Evergrande crisis worsens as lender seizes HQ in Hong Kong
A lender has taken possession of Evergrande's Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan. ( read original story ...)
Developer Sunac China faces winding-up petition in Hong Kong
A winding-up petition has been filed against cash-strapped property developer Sunac China at the Hong Kong High Court, the judiciary's website showed.The firm is working to restructure its offshore ... ( read original story ...)
Vanishing tong lau: Hong Kong heritage experts call for action, incentives to save last pre-war shophouses
Businesswoman Vanessa Ho never set out to be a conservationist, but now she is pleased that she bought an old shophouse and saved a slice of Hong Kong’s history. The four-storey building at 1 Queen’s ... ( read original story ...)
Hongkong Land (OTC:HKHGF) Shares Down 1.2%
Hongkong Land Holdings Limited (OTC:HKHGF – Get Rating) traded down 1.2% on Friday . The stock traded as low as $4.96 and last traded at $4.96. 14,800 shares traded hands during mid-day trading, an ... ( read original story ...)
Hong Kong’s house prices falling again
Hong Kong’s residential property prices have skyrocketed by 165% (inflation-adjusted). In contrast, real incomes have virtually stagnated in Hong Kong for years. However, due to the combined impact of ... ( read original story ...)
‘Only the fittest can survive’, says China property giant Country Garden after reporting 96% fall in profit
Hong-Kong listed property developer Country Garden Holdings blamed the “severe depression” in the crisis-hit property market for its 96% drop in ... ( read original story ...)
Hong Kong developer V Group readies Causeway Bay serviced apartments and luxury houses on The Peak for sale amid market slump
V Group will offer 64 fully furnished units, ranging from 274 sq ft to 599 sq ft, at The Hayworth by V close to Causeway Bay MTR station The privately owned developer also plans to put on sale four ... ( read original story ...)
Hong Kong tycoon calls bottom of China’s property slump
Hong Kong real estate tycoon Adrian Cheng has called the bottom of mainland China’s property market crash, saying his New World Development group plans to invest Rmb10bn ($1.46bn) in land over the ... ( read original story ...)