Higher costs driven by a surge in materials prices are likely to make property developers more restrained when bidding for land A government index showed building costs surged by 10.8 per cent last ... ( read original story ...)
Hong Kong property firm K11 taps Paddington Bear, KidZania for 11 Skies complex’s first entertainment offerings
The complex will feature more than 800 shops and over 120 dining options Project will redefine the concept of 'retailtainment' in Hong Kong, 11 Skies says The first four tourist attractions of New ... ( read original story ...)
Henderson Land targets bigger role in tackling Hong Kong’s housing problem
Henderson Land Development Co, one of Hong Kong's four major developers, plans to lend more land to the government to build transitional homes and is keen to help accelerate development of an area ... ( read original story ...)
Buy Chinese developers? Mortgage boycott suggests stock rebound is built on fragile confidence
An index tracking 112 mainland property stocks has surrendered all of this year's gains, after rising as much as 25 per cent between January and early April The latest mortgage boycott has added a new ... ( read original story ...)
Rent control law fails to help tenants of Hong Kong’s subdivided flats, as most respondents to survey say they are no better protected than before
Findings show water and electricity charges for 73 per cent of respondents about the same as before law was enacted, while others say they now pay more Society for Community Organisation calls on ... ( read original story ...)
Hong Kong to build fewer subsidised tiny flats in future, but they will still be available for potential buyers, new housing chief says
New administration will reduce ratio of tiny flats in subsidised estates, Secretary for Housing Winnie Ho says Ho adds government will monitor market response and modify supply accordingly Hong Kong ... ( read original story ...)
More Hong Kong owners are selling homes at losses as emigration and rising interest rates turn city into buyers’ market
The number of loss-making lived-in home transactions surpassed 100 from March to June, much higher than a year earlier Leftover stock of new flats rose for three consecutive months to about 13,446 ... ( read original story ...)
China extends property loans at the fastest pace in three years as mortgage crisis spreads
China's banking regulator has pledged to boost lending to help developers finish stalled property projects and boost buyers' demand, as a growing mortgage boycott by homebuyers exacerbates the country ... ( read original story ...)
Hong Kong protests: prosecutors press more serious charges against suspects for carrying zip ties to 2019 clashes
Cheng Ho-lun and Fung Tin-ching accused of rioting and illegally keeping a total of four packs of plastic ties in Yau Ma Tei on November 18, 2019 Despite top court's recent ruling on zip ties, ... ( read original story ...)
Analysis: China’s mortgage boycott spurs shakeout among strapped developers
A revolt by Chinese homebuyers, who have threatened to stop paying mortgages on hundreds of unfinished housing projects, is spurring a shakeout among cash-starved property developers who have long ... ( read original story ...)
Chinese banks’ half-truths hinder mortgage fix
A rare mortgage boycott spotlights the problem with Chinese banks' half-truths about asset quality. Seventeen banks say homebuyers' refusal to pay instalments warrants little concern, but the ... ( read original story ...)
School district home rents drop by the most in 2 years as more Hong Kong residents head for the emigration queue
Property agency data show that areas with underpopulated schools saw the biggest rent declines through the pandemic Net outflow of residents is likely to continue for some time, with a negative and ... ( read original story ...)
China scrambles to defuse alarm over mortgage boycotts and banks runs
China is trying to ease panic over two of the biggest issues threatening social stability in the country—mortgage boycotts and frozen bank accounts. ( read original story ...)
Mortgage boycott in China leads the government to step in
Banks have been instructed to help eligible property developers fund stalled real estate projects as buyers refuse to make payments on unfinished homes. ( read original story ...)