HONG KONG (Reuters) -Hong Kong's finance chief said on Thursday he does not see a sharp risk to the city's real estate market nor a need to adjust property control measures, as the financial hub ... ( read original story ...)
‘Very High Chance’ Hong Kong Will End Year In Recession
"There is a very high chance for Hong Kong to record a negative GDP growth for this year," Financial Secretary Paul Chan told reporters, adding that interest rates were being raised "at a pace that ... ( read original story ...)
Hong Kong Lifts Benchmark Rate for Fifth Time After Fed Action
The Hong Kong Monetary Authority raised its benchmark interest rate for a fifth time, moving in lockstep with the US Federal Reserve.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear ... ( read original story ...)
4,500 flats to go on sale at less than half market value under Hong Kong housing scheme, amid fears nano units will not sell
Chairwoman of authority's subsidised housing committee remains hopeful shoebox flats will sell, others are less optimistic Around 10 per cent of units on sale are shoebox flats, smaller than 230 sq ft ... ( read original story ...)
Hong Kong to see stronger demand for shop space under expected end of mandatory hotel quarantine, property executive says
One in nine street-level shops was vacant during a recent survey, but an end to quarantines for incoming travellers would boost retail and catering, according to a property executive. ( read original story ...)
Home prices poised to fall in Hong Kong, Australia, Canada, France, and the US as global central banks raise interest rates
“The mortgage rate now is 2 per cent from 1 per cent at the end of 2021,” said Herve Guinebert, the managing director at Paris-based Banque Transatlantique’s Hong Kong representative office. “It’s ... ( read original story ...)
Hong Kong property market favours bargain hunters as prices drop, with 1 in 10 home sellers in August incurring a loss
The ratio of second-hand housing deals yielding capital gains has fallen by 6.8 percentage points since last year to below 90 per cent in August Among 56 developments at railway stations, 30 saw the ... ( read original story ...)
EXCLUSIVE Kaisa offshore creditors offer $2 bln to take over stalled projects – sources
An offshore bondholders' group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled housing projects of the Shenzhen-based developer to facilitate their completion, two people with ... ( read original story ...)
Hong Kong kidnappings: the body of a man has been found buried on a hillside. We recount other notorious cases in the city
In recent years, such cases have been rare as criminals prefer deception tactics, even bogus kidnapping calls The case of a 51-year-old man thought to have been kidnapped on his birthday, killed and ... ( read original story ...)
Centaline’s Shih expects 15pc drop in property prices
The founder and Chief Executive of Centaline Property Group, Shih Wing-ching, says he expects at least a 15 percent fall in local property prices ... ( read original story ...)
Oprah Sells to Aniston, Recent Hong Kong Home Buyers Could Face Steep Losses, and More
Style Villa in Southern California to Jennifer Aniston. What do Oprah Winfrey and Jennifer Aniston have in common? Besides big names, deep pockets and legions o ... ( read original story ...)
Hong Kong property groups get flexible as office space glut grows
Hong Kong’s property developers are having to construct more flexible leasing offers to attract businesses, as the city faces more than 246 football fields of excess supply of office space by 2025. ( read original story ...)
Australia’s big cities hold ‘opportunities’ for Hong Kong, mainland China property investors even as mortgage rates climb
Major cities such as Sydney, Melbourne and Perth are likely to offer investors the best deals owing to sustained housing demand, potential stamp duty savings and solid fundamentals, say analysts. ( read original story ...)
Hong Kong property market in a ‘depression’ after poor sales at Miami Quay, expert says
Only about 30 per cent, or 41 of the 137 flats on sale at Miami Quay in Kai Tak have been sold Aside a resurgence in Covid-19 infections, Hong Kong's homeowners and potential buyers are also bracing ... ( read original story ...)