Hong Kong home buyers borrowed more last month to finance first hand properties. Mortgage loans financing primary market deals increased by 6.6 percent to HK$6.3 billion, the Hong Kong Monetary Auhority said. Mortgage loans financing secondary market ... ( read original story ...)
Li Ka-shing’s CK Asset to be Hong Kong’s top property seller with record US$6.4b sales
Cheung Kong Asset Holdings said its property sales in Hong Kong were set to hit a record HK$50 billion (US$6.409 billion) this year, making it likely to become the top property seller in the world’s most expensive city to live. “Our sales will climb to ... ( read original story ...)
Hong Kong’s property prices hit record-high in Sept, but growth cools
HONG KONG, Oct 31 (Reuters) - Hong Kong's private home prices extended their record-breaking run for the 11th straight month to reach an all-time high in September, but the pace of growth cooled in the financial hub which is often regarded as one of the ... ( read original story ...)
As China’s home prices cool, some property companies seek to reduce risks
HONG KONG (Reuters) - As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. They are reducing balance sheet leverage, buying land ... ( read original story ...)
Rise of real estate tycoons: Billionaires keep bubbling up in China’s soaring property market
HONG KONG/SHANGHAI — Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed upward since the start of the year, adding US$44.3 billion to ... ( read original story ...)
Hong Kong stocks slide to pare monthly gain as slowing manufacturing stokes bad loan concern
Hong Kong stocks fell for a second day, trimming a monthly advance, on mounting concern that bad loans at Chinese banks will increase after Bank of China reported worse-than-expected earnings growth and official data showed China’s manufacturing ... ( read original story ...)
Hong Kong to host 2022 Gay Games as LGBT acceptance grows in parts of Asia
HONG KONG (Reuters) - Hong Kong will host the 2022 Gay Games, fighting off bids from cities in the United States and Mexico to become the first Asian city to stage the sports and cultural event. The win comes amid growing momentum for the gay rights ... ( read original story ...)
Hong Kong must promote research and innovation through incentives, says PwC
In South Korea, almost three quarters of research is performed by businesses, while in Hong Kong less than half is business-led, according to figures from the OECD. “In Hong Kong, R&D is highly reliant on government spending and the private sector seems ... ( read original story ...)
Hong Kong’s lighting business sector expects positive outlook: survey
The Hong Kong Trade Development Council (HKTDC) said on Monday that 95 percent of respondents interviewed at the Autumn Lighting Fair, and the Outdoor and Tech Light Expo expected a better or stable market prospect in 2018. Organized by the HKTDC, the 19th ... ( read original story ...)
Calls for Hong Kong to better protect LGBT rights as city wins bid to host 2022 Gay Games
While participants in the games need not be gay, online reaction to news of the city’s win was mixed, with some saying using “gay” in an event title served to emphasise that LGBT people were “different”. The Hong Kong Tourism Board said it would ... ( read original story ...)
Hong Kong to host 2022 Gay Games as LGBT acceptance in parts of Asia grows
HONG KONG (Reuters) - Hong Kong will host the 2022 Gay Games, fighting off bids from cities in the United States and Mexico to become the first Asian city to stage the sports and cultural event. The win comes as gay rights movements in other parts of Asia ... ( read original story ...)
‘The Hong Kong Massacre’ PlayStation 4 Release Date News: Action Shooter Game Like ‘Max Payne’ Arrives in 2018
"The Hong Kong Massacre" action game will be out for the PlayStation 4 (PS4). Sony announced during the company's Paris Games Week last Monday that it will be in its lineup for 2018. Further details to "The Hong Kong Massacre" release for the PS4 have not ... ( read original story ...)
Food truck scheme hard to stomach after glory days of Hong Kong’s street hawkers
It was with all this in mind that I read – with some glee – news this week that the wheels continue to come off the great Hong Kong Food Truck Tourist Revival scheme. This monumental hash was a slow-motion, food truck wreck waiting to happen from the ... ( read original story ...)
Bank of China Slumps as Lender Lags Peers in Taming Bad Loans
Bank of China Ltd. shares slumped the most in almost four months in Hong Kong after the lender failed to report the same improvements in asset quality as its rivals. The stock lost 3.2 percent to HK$3.90 as of 11:16 a.m. local time, paring its rally this ... ( read original story ...)