HONG Kong Financial Secretary Paul Chan said he is optimistic about the city’s economic prospects for this year and expects the local real estate market to rebound after the China border reopens. ...
China Evergrande: receivers plan to add value, boost appeal to Hong Kong tower for next auction
The receivers are hoping stronger buyers will emerge to snap up the trophy building, as they add value by bringing in new tenants and extending current leases.
Are foreclosed homes the answer for Hongkongers priced out of the world’s most expensive property market?
Foreclosed properties, sometimes discounted by up to 20 per cent, are rising in number and may offer a way on to the notoriously expensive property ladder. However, there are risks.
Hong Kong government tightens residential land supply amid faltering property market
The Hong Kong government will only sell one plot of residential land in the final three months of the current financial year as it withholds land sales amid falling property prices.
Hong Kong housing paradox: why temporary flats cost more to build
Readers discuss the economics of modular construction, the Covid-19 testing requirement for schoolchildren, and how to promote recycling Feel strongly about these letters, or any other aspects of the ...
Hong Kong’s Link Reit buys two Singaporean malls for US$1.6 billion in biggest Southeast Asian property deal this year
The real estate investment trust has made a foray into Singapore by agreeing to buy two suburban shopping malls there in what may be the biggest property deal in Southeast Asia this year.
New World Development sells Pentahotel in Hong Kong for US$257 million as it disposes of non-core assets to reduce debt
The company owned by the family of billionaire Henry Cheng Kar-shun steps up its disposal of non-core assets to reduce its debt load amid high interest rates and slumping property sales.
Sino Land: Hong Kong Asymmetric Opportunity With 53% Net Cash At Below Half Of Book
Sino Land represents an ideal asymmetric opportunity in Hong Kong and is poised to benefit from Hong Kong's economic recovery. Read why the stock is a Buy.
Hong Kong’s 13-year housing market rally is all but over as November home prices plunge by most since financial crisis
Home prices dropped by the most in 14 years in November and look likely to fall again this month in what would be the longest series of monthly declines since the 2003 Sars epidemic.
Hong Kong November home prices ease to more than 5-year low
Hong Kong private home prices dropped 3.3 per cent in November to the lowest since August 2017, official data showed on Wednesday, as its housing market – one of the most unaffordable in the world ...
Hong Kong Residential Property Prices Drop Twelve Percent in 2022
According to JLL, rapid U.S. rate hikes, a fifth wave of Covid-19 and ongoing weakened economic outlook have triggered the downturn in Hong Kong's housing market in late 2022.
A Detached House at Hong Kong’s Shouson Peak Asks HK$298 Million
One of the two houses available for sale at the celebrity-studded new development Shouson Peak in Hong Kong has come to the market for HK$298 million (US$38.3 million). The house has approximately ...
Will Hong Kong developers pass savings from low land prices on to homebuyers? Don’t hold your breath, insiders advise
If anything, the opposite is true, as current and expected home prices act as an important indicator for developers when they are bidding on land Homebuyers in Hong Kong may think it is a good sign ...
Hong Kong Property Giant Buys Land for Price at Eight-Year Low
A leading Hong Kong developer has won a bid for land in a traditionally expensive area for the lowest price in eight years, in another sign of the city’s weakening real estate market.