Transactions fall 11 per cent from a month earlier to 6,434, but value rises 1.3 per cent to US$6.4 billion, according to Centaline.
Hong Kong’s New World sees its shares and bonds slide after coupon payments deferred
New World Development, a major Hong Kong property developer, saw its shares and bonds tumble on Monday after announcing it would defer coupon payments scheduled for June on its perpetual bonds, ...
New World’s Distress Worsens After Shock Delay on Bond Interest
Hong Kong developer New World Development Co. is sliding deeper into distress after jolting investors by delaying interest payments on some bonds, marking the latest flashpoint in a years-long crisis ...
New World Development drops after company to defer coupon payments
HONG KONG (Reuters) -Shares of New World Development dropped as much as 9.8% after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting ...
Tepid sales at Hong Kong’s Uni Residence as competition heats up in new home market
The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent ...
Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat
Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, reportedly purchased a HK$119 million (US$15.2 million) flat in the city’s affluent Mid-Levels neighborhood amid an ongoing ...
New World Gets More Bank Commitments for Loan Refinancing
Embattled Hong Kong property developer New World Development Co. has landed more vows from banks to help with a HK$87.5 billion ($11.2 billion) loan refinancing deal, bringing commitments to about 40% ...
Hong Kong’s Gale Well continues asset-sale plan with US$66 million luxury Stanley property
The deleveraging property investor has sold a number of properties recently, while other assets remain on the market Hong Kong property investment firm Gale Well Group put a luxury property site in ...
Hong Kong’s Gale Well reels from market downturn, loses US$6.5 million on 2 asset sales
The real estate investment firm has sold a number of properties in the last few months, while some of its assets are still on the market Hong Kong property investment firm Gale Well Group, which has ...
Japanese retailers like 3Coins capitalise on Hong Kong’s retail property slump to expand
Osaka-based 3Coins store to open in mid-July in Hysan Place; firm plans to sell Japanese grocery products and other items.
Capital from Hong Kong, mainland China sets sights on Dubai, Abu Dhabi property
Inquiries from Chinese buyers surge and Hong Kong's Gaw Capital and Black Spade Capital make investments The property market in the Middle East, particularly in the United Arab Emirates (UAE) cities ...
Hong Kong homebuyers flock to latest Sierra Sea units as mortgage rates ease
The temporary truce in the tariff wars between the US and China also helped improve sentiment in the property market, according to agents.
Hong Kong property tycoon fetches HK$72.9 mil in wine auction
Joseph Lau, the former chairman of Hong Kong real estate firm Chinese Estates Holdings, is a well-known collector. The sale offered more than 200 lots of wine.