Adjustments aimed at 'easing the burden on ordinary families of purchasing their first residential properties', Paul Chan says Measure effective immediately, will benefit 37,000 buyers and cost the ...
Hong Kong banks hit by China property exposure
Hong Kong-listed banks have reported an increase in expected losses linked to their exposure to the ailing property sector in mainland China, despite a brighter overall earnings picture. HSBC Holdings ...
Sino Land set to launch some 2,100 flats this year as it turns ‘cautiously optimistic’ on Hong Kong’s property market
Sino Land, which posted a 36 per cent decline in half-year profit, plans to launch nearly 2,100 flats, including about 640 in Lohas Park this year Efforts to attract global talent, a tapering of the ...
Chinese cities cut mortgage rates for first-time buyers to lowest since 2019 in bid to revive property market
The average rate for a first home in 103 mainland Chinese cities fell to 4.04 per cent in February, the lowest level since 2019, according to the Beike Research Institute.
Hong Kong Property Slump Leading Hong Kong Investors To UK Property
UK property is becoming incredibly popular for Hong Kong residents and investors in the face of a difficult domestic market. The number ...
Hong Kong’s finances drained by COVID bills, slumping real estate
Hong Kong's once-swollen war chest is being drained to levels not seen in years as huge COVID bills and the cost of propping up a pandemic-hit economy challenge its fiscal fitness, economists say. The ...
Hong Kong stocks drop as Chinese lenders refrain from cutting rates, US reports prompt rethink on Fed downshift
Stocks continue to struggle for traction as Chinese banks refrained from lowering their lending rates, while uncertainty about the Fed’s end-game clouds market outlook.
Workers dismantle Hong Kong’s pioneering transitional housing project, prepare to move parts to next site
Workers start taking apart Nam Cheong 220, which used prefab units to provide homes for 175 residents for two years.
Hong Kong property developers dismiss investor confidence fears over national security law clauses in land sale documents
Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches But real estate association says no objections registered from members and move ...
China’s disgruntled homeowners drive ‘wave of early repayment’ on mortgages, threatening Beijing’s consumption drive
Potential homebuyers are staying cautious. "The direction of house prices is still highly uncertain even though they are already aware of mortgage rates declining in 2022," said Hans Fan, deputy head ...
Hong Kong’s Lee faces stern test over $3.4 bln bid to ease housing shortage
A flagship $3.4 billion plan by Hong Kong to build temporary housing to ease a massive shortage is facing fierce criticism over its high cost and the absence of a longer-term solution in one of the ...
‘Someone to talk to’: struggling elderly Hong Kong man shuns proper government flat for cramped ‘coffin home’ because it offers human company
Coffin' homes offer a tiny sanctuary for Hong Kong's disadvantaged who cannot keep up with city's high-priced property market Thousands of people live in units notorious for poor living conditions and ...
Mainland buyers in Hong Kong’s luxury home segment hits record lows
The proportion of Mainland buyers was at an all-time low of 29% in 2022. According to a Savills report, the proportion of Mainland buyers of luxury properties valued above HK$100 million on the Peak, ...
Hong Kong property developers, led by Sun Hung Kai, K Wah, rush 27,000 new homes to market as sales uptick stokes hopes
Hong Kong’s major property developers are rushing to put more than 27,000 new homes on the market this year, seizing on an uptick in buying sentiment and transaction volume after the relaxation of ...