Hong Kong has gone through many struggles over the past few years, first the 2019 protests, then the Covid pandemic. Recently as Hong Kong is ope ... ( read original story ...)
HKMC Raises Fixed Mortgage Rate by 0.25%
The Hong Kong Mortgage Corporation Limited (HKMC) announced to raise the interest rates for the fixed-rate mortgages for 10, 15 and 20 years by 0.25%, respectively. After the adjustment, the fixed ... ( read original story ...)
Hong Kong home prices fall to the lowest level since January 2021 as distressed owners slash prices, sell at a loss
Prices fell 0.7 per cent to 381.3 in March, the lowest since 381.9 in January 2021, government index shows Owners of 264 homes sold their homes at a loss in the first quarter, the highest since the ... ( read original story ...)
Hong Kong developers rushing 800 flats to market as easier Covid-19 rules break lull in home sales
As Covid-19 restrictions are loosened, developers expect homebuyers to throng to sales offices. Wheelock’s takings last weekend suggests there is still a lot of pent-up demand. ( read original story ...)
Newmark picks a down-time to open Hong Kong office, betting on recovery in the world’s most expensive commercial property market
The Hong Kong space expands Newmark’s global footprint of 160 offices, with 6,200 employees and US$2.9 billion in revenue last year. ( read original story ...)
HSBC profits plunge by 25% due to large loan impairments
HSBC saw a surge in mortgage lending in Britain in the first three months of 2022, but has reported an earnings dive following the escalation of the Russia-Ukraine war. ( read original story ...)
China property firms joined central bank talks on ways to help sector, sources say
HONG KONG/BEIJING- Several Chinese property developers attended talks with China's central bank last week to discuss the sale of distressed assets and other ways to support the real estate industry ... ( read original story ...)
Hong Kong’s homebuyers turn up in droves in a bout of revenge buying to snap up half of Wheelock’s Monaco Marines flats at Kai Tak
An estimated 70 per cent of customers bought for their own use, with investors making up the remainder of the purchases, bolstering confidence in the market’s buying power, agents said. ( read original story ...)
Intellectual property to be added to Hong Kong-China deal allowing mutual recognition of court rulings
Hong Kong is seeking to add intellectual property matters to a deal with mainland China that recognises and enforces judgements in civil and commercial cases on both sides of the border. The ... ( read original story ...)
Fintech the focus for PolyU doctorate
For that reason, The Hong Kong Polytechnic University (PolyU) introduced a pioneering Doctor of FinTech (DFinTech) programme in 2019, combining taught courses and a research thesis, to ensure students ... ( read original story ...)
Hong Kong politicians accused of benefiting from ‘protections and freedoms’ in West over property portfolios
found that nine Hong Kong officials and 12 members of Hong Kong’s legislature have property overseas including in Britain, Canada, the United States, Australia, Japan and France. The authors accused ... ( read original story ...)
Meet Jonathan Kwok, Hong Kong’s youngest billionaire
The Kwoks are Hong Kong’s richest family thanks to Sun Hung Kai and Empire Group, but what do we know about Walter’s son Jonathan? ( read original story ...)
Hong Kong Landlords Brace for Even Deeper Cuts to Retail Rents
Hong Kong’s retail landlords are bracing for a further squeeze on the lowest rents in more than a decade as tenants seek relief in the aftermath of the city’s worst Covid outbreak. ( read original story ...)
Hong Kong’s vision of Greater Bay Area is materialising with dual-metropolis concept, infrastructure drive
Despite the uncertainties Covid-19 has brought to Hong Kong, particularly during the recent fifth wave of the pandemic, the city’s long-term future is well supported by the government’s policies. ( read original story ...)