In case you're keeping track, that's HK$5.18 million. Robb Report If you think millennials have it tough in the US, they really have it hard in Hong Kong. In the latest installment of jaw-dropping Hong Kong property prices, a parking spot in the Upton ... ( read original story ...)
Parking spot in Hong Kong goes for $664,300
The spot, located in the ritzy Upton apartment complex in western Hong Kong, is only 188-square-feet. That’s slightly bigger than a regular parking space anywhere else, about four times the size of a king-size bed and one-fifteenth the size of a tennis ... ( read original story ...)
HK’s chief: City to play pivotal role in ODI flows through B&R
"Hong Kong can leverage its niches as a financing platform to attract long-term capital into those B&R infrastructure projects." Tian Guoli, chairman of Bank of China and BOC Hong Kong (Holdings), said the lender had issued B&R bonds in 2015 and 2017 ... ( read original story ...)
Hong Kong parking space sold for $664,000
But what does he park in it? A business executive paid $664,000 for a parking space in his ritzy Hong Kong apartment building, according to property records, setting a new record for the city by $50,000. The South China Morning Post reports that Kwan Wai ... ( read original story ...)
UPDATE 1-Hong Kong c.bank raises base rate 25 bps after Fed hike
* HKMA expects HK dollar to weaken if rate differential widens * Expects banks to raise mortgage rate as liquidity tightens (Adds comments from HKMA chief) HONG KONG, June 15 The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its ... ( read original story ...)
Hong Kong stocks open lower after HKMA raises interest rate
Hong Kong stocks opened lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. Hong Kong’s benchmark Hang Seng Index dropped 0.4 per cent, or 103.6 points, to open at 25,772.3, while the Hang ... ( read original story ...)
Hong Kong Follows Fed With Hike in Threat to Property Boom
Local banks have been reluctant to pass on higher costs Hong Kong’s de facto central bank followed the Federal Reserve and boosted interest rates for a third time since December, elevating the risk of a selloff in the world’s priciest housing market. ( read original story ...)
Hong Kong Parking Space Sells for Record $664,300, Ming Pao Says
Hong Kong just set another property-price record. This time, it was for a parking space. A 188-square-foot space on Hong Kong island sold for HK$5.18 million ($664,300), or HK$27,500 a square foot, last month, newspaper Ming Pao reported Wednesday ... ( read original story ...)
A $664,000 Parking Spot Symbolizes Hong Kong’s Property Frenzy
HONG KONG — In many places, $664,000 can buy you a nice house. For that price in Hong Kong, you can buy a slab of concrete, roughly 17 feet long and 11 feet wide, to leave your luxury car. Hong Kong is now home to a very expensive parking spot ... ( read original story ...
How To Find a Quality Internship in Hong Kong? (A Global Business Boost)
Want to take your experience from paper and dorm rooms to real world experience? An experience is a great way to do that – and especially in a global city in Hong Kong. For me, internships during my time in college helped me define what it was I liked ... ( read original story ...)
HKMA raises rates after US Fed move, reiterates warning to home buyers
The Hong Kong Monetary Authority raised its base rate by 0.25 percentage points on Thursday morning, following the US Federal Reserve’s overnight move. In announcing the decision, HKMA chief executive Norman Chan Tak-lam reiterated his warning to Hong ... ( read original story ...)
Hong Kong banks stand pat as HKMA tightens interest rates in line with the Fed
HSBC kept its interest rate for Hong Kong dollar savings accounts unchanged at 0.001 per cent, while the Bank of China Hong Kong and Hang Seng Bank maintained their rates at 0.01 per cent. The HKMA, Hong Kong’s de facto central bank, increased the base ... ( read original story ...)
Hong Kong stocks set to open lower after interest rate rise
Hong Kong stocks look set to open lower on Thursday after the city’s de facto central bank followed a US decision and lifted the base interest rate. The Hang Seng Index futures spot June contract lost 0.2 per cent, or 42 points, to 25,700 in the pre ... ( read original story ...)
HSBC to keep best lending rate at 5 pct in Hong Kong
HONG KONG, June 15 HSBC Holdings Plc will maintain its best lending rate at 5 percent in Hong Kong, the bank said on Thursday, after the territory's defacto central bank raised its discount window base rate. The Hong Kong Monetary Authority earlier raised ... ( read original story ...)