In 2015, as home prices skyrocketed in Vancouver, then B.C. premier Christy Clark and then trade minister Teresa Wat held intimate meetings with Hong Kong developers and donors who had billions invested in Vancouver property. They wanted to know if Clark ... ( read original story ...)
Hong Kong apartments break the bank by selling for $149 million
The price broke the previous record paid for an apartment in the country’s burgeoning property market, when a duplex unit sold for $13,439 per square foot in September 2017. The price broke the previous record paid for an apartment in Hong Kong ... ( read original story ...)
In China Property, Investors May Switch From Bonds to Stocks
Shares of BB rated Chinese property developers will rise, according to the analysts led by Ryan Li, Hong Kong-based executive director of the firm’s China property research division. Dividend yields on those companies were less than the credit ... ( read original story ...)
Hong Kong is top property investment destination
In terms of property investment, Hong Kong led its regional counterparts in Asia during the first half of 2017, a report by PwC showed. Hong Kong emerged as a top investment destination, with real estate sales reaching USD8.269bn, a 5% year-on-year increase. ( read original story ...)
UK government officials to showcase country’s development opportunities at MIPIM Asia Summit in Hong Kong
HONG KONG, CHINA–(Marketwired – Nov 23 ... Bruce Dear is one of the industry's leading commentators on issues affecting the UK property market. He has advised on some of the country's biggest property deals and his recent experience includes advising ... ( read original story ...)
Tech firms are finding Hong Kong as an IPO destination, but is it too late for the city to catch up?
Hong Kong’s stock market has seen a flurry of fundraising this year by technology and internet companies, with five of the city’s 10 largest initial public offerings occupied by companies in the new economy, compared with none last year. Most of these ... ( read original story ...)
Hong Kong stocks rise for a fourth week, while Shanghai shares remain under pressure
Hong Kong stocks closed on an upbeat note on Friday, extending its advance to a fourth straight week, while Shanghai shares retreated for a second week amid concerns about tightening liquidity and strengthened regulatory surveillance. The Hang Seng Index ... ( read original story ...)
Hong Kong delegate to China’s legislature vows to push local officials to enact national security legislation within five years
Two Hong Kong representatives in China’s legislature have vowed to push the local government to enact national security legislation within the next five years, as nominations opened on Friday for a local poll to elect 36 deputies to the Beijing body next ... ( read original story ...)
Looming national security laws raise fresh fears for Hong Kong’s freedoms
HONG KONG (Reuters) - Amid calls from Hong Kong's pro-Beijing elite for sweeping new national security laws, government advisers and lawyers say the legislation is likely to be tougher than proposals shelved 14 years ago, raising fears about the city's ... ( read original story ...)
Hong Kong lights up for Lumieres festival
Glowing cartoon Inuits tumbled down Hong Kong's post office building and a forest of illuminated bamboo rods lit up the city centre as part of a visit by France's famous Lumieres festival. Local and international artists joined the extension of Lyon's ... ( read original story ...)
Ballet ace encourages Hong Kong students of all ages, noting time is greatest challenge in city
Young Hong Kong dancers have nearly everything going for them except time, an internationally renowned ballerina has observed. Venezuelan-born Victoria Vargas, a globetrotting ballerina and choreographer, expressed sympathy over the sight of local children ... ( read original story ...)
Ballet diva encourages Hong Kong students of all ages, noting time is greatest challenge in city
Young Hong Kong dancers have nearly everything going for them except time, an internationally renowned ballerina has observed. Venezuelan-born Victoria Vargas, a globetrotting ballet diva and choreographer, expressed sympathy over the sight of local ... ( read original story ...)
Pension fund could be used to help Hong Kong citizens get mortgage
The government is studying the feasibility of allowing Mandatory Provident Fund (MPF) account holders to withdraw part of their accrued interest for mortgage down payments. This practice has been adopted in Singapore for a long time, but opinion is divided ... ( read original story ...)
Chinese developers turn to mortgage balance-ABS for liquidity
HONG KONG, Nov 21 (Reuters) - Chinese developers such as China ... Most developers consolidate asset-backed securities on their balance sheets as debt, because the mortgage receivables are used as collateral. However, the securities are still seen by ... ( read original story ...)