Once a symbol of Hong Kong’s property-fueled prosperity, New World Development Co. has become one of its most visible casualties. After years of easy credit and unabated expansion, the property giant ...
Rosewood Hong Kong’s sister property, Rosewood Beijing: culture and luxury in the Chinese capital
An oasis within Beijing’s CBD, this luxe property seamlessly blends Chinese culture and modern opulence with world-class dining and wellness.
Hong Kong’s third-quarter negative equity cases shrink 17% as banks’ staff shift loans
The total value of residential loans that are underwater falls to US$20.18 billion, from US$24.47 billion three months earlier, HKMA says.
McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan
McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s first since it announced an asset-disposal plan in July. The three-storey, 9, ...
Hong Kong developer turns focus to Japan with $45M hotel sale
The Bauhinia Hotel in Tsim Sha Tsui is coming under new ownership after Hong Kong developer Hon Kwok looks to Japan.
Gaw Capital Chairman: Hong Kong property never left, it was just “on hiatus”
Goodwin Gaw, Chairman of Gaw Capital, believes that Hong Kong never truly faded but was on a "hiatus" following the recent slump in its property market. He noted that the residential sector is showing ...
New World Development launches up to US$1.9 billion debt exchange offer
Hong Kong property developer New World Development has launched a debt exchange offer of up to US$1.9 billion, aiming to restructure its outstanding perpetual securities, it said in an exchange filing ...
This city has some of the world’s most expensive rents. Some live in ‘haunted’ houses to cut a deal
In land-starved Hong Kong a tiny, no-frills apartment far from the city center can eat up half of a monthly salary. But for bold renters there’s one sure way to get a discount: choose a property ...
Hong Kong follows US in quarter-point interest rate cut to reduce loan costs for borrowers
Hong Kong’s de facto central bank cut the base interest rate for the second time in six weeks, further reducing the cost of funding to help reboot the city’s businesses and reduce the burden on ...
Half-point cut in six weeks further eases the funding costs for businesses and mortgage borrowers
Hong Kong’s de facto central bank cut the base interest rate for the second time in six weeks, further reducing the cost of funding to help reboot the city’s businesses and reduce the burden on ...
Hong Kong Property Losses Hit Private Equity Funds After $17 Billion Rush
When Blackstone Inc. bet on Hong Kong’s commercial real estate sector in 2014, it bought a 20,000-square-foot retail space in the bustling Mong Kok district for HK$700 million ($90 million) to target ...
Hong Kong Property Losses Hit PE Funds After $17 Billion Rush
When Blackstone Inc. bet on Hong Kong’s commercial real estate sector in 2014, it bought a 20,000-square-foot retail space in the bustling Mong Kok district for HK$700 million ($90 million) to target ...
Hong Kong home prices grow for sixth month in September, up 1.3%
Home prices in Hong Kong grew 1.3% in September from August, marking the sixth consecutive month of increases, government data showed on Tuesday, supported by improved sentiment. BY THE NUMBERSPrivate ...
Hong Kong property: Grand Mayfair III and Woodis see brisk sales as market picks up
Buyers acquired 71 of 138 units by late Sunday afternoon at the 680-unit Grand Mayfair III project led by Sino Land.