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Tag: mortgage

Posted on 03/07/2022

Hong Kong works to resolve housing shortage by developing new areas

Hong Kong has been ranked as the world's least affordable housing market for the 12th consecutive year by the 2022 Demographia International Housing Affordability, an annual report that provides ... ( read original story ...)

Posted on 02/07/2022

Hong Kong’s priciest 2022 home fetches $111M

A six-bedroom mansion in an elite Hong Kong neighborhood has set the year’s record for the priciest home transaction ... ( read original story ...)

Posted on 02/07/2022

Hong Kong at 25: where mainland ‘drifters’ have made their home

Covid-19 travel curbs and a strict national security law are spurring hundreds of thousands to leave Hong Kong, surveys warn But for thousands of gangpiao, or mainland 'drifters' who first arrived to ... ( read original story ...)

Posted on 02/07/2022

We’ve all had enough of Hong Kong’s housing crisis – break the city’s ‘shoebox curse’ or people will leave and never return

To buy an extremely modest flat in Hong Kong you'd need to save every cent you earn for 9 ... it would take at least 12 years to save HK$4 million to buy a 400 sq ft (37 square metre) property in a ... ( read original story ...)

Posted on 02/07/2022

How climate change and overfishing drove this Hong Kong property manager to launch a cell-grown seafood business

Learning how pollution and overfishing are damaging marine ecosystems prompted architect Carrie Chan to launch Avant Meats Having completed proof-of-concept for its lab-grown fish, the start-up is now ... ( read original story ...)

Posted on 02/07/2022

25 ways Hong Kong has changed dramatically since the 1997 handover

While it was inevitable that Hong Kong would become a very different place after the handover, few could have predicted just how different things would be 25 years later. ( read original story ...)

Posted on 01/07/2022

Hong Kong developer Billion fails to sell a single flat at The Horizon project in Tai Po

Not a single transaction was completed for any of the 283 flats on offer at The Horizon and Centra Horizon in Pak Shek Kok as of 8pm on Friday The units, ranging from 407 square feet to 1,866 sq ft, ... ( read original story ...)

Posted on 01/07/2022

Hong Kong’s ‘true democracy’ started after handover to China: President Xi Jinping

President Xi Jinping hailed China's rule over Hong Kong on Friday (Jul 1) as he led the 25th-anniversary celebrations of the city's handover from Britain, insisting that democracy was flourishing. ( read original story ...)

Posted on 30/06/2022

Gone in three hours: Sino Land sells all 238 flats at Lohas Park as buyers rush to get ahead of rising mortgage rates

The frenzy reflected the strong demand for housing in one of the world’s least affordable urban centres, and how quick buyers react to any change in the macroeconomic environment. ( read original story ...)

Posted on 29/06/2022

Hong Kong elite descends on Tokyo for bargain property buys

Investors join luxury real estate tours as yen hits record lows and Bank of Japan sticks to ultra-loose policies ... ( read original story ...)

Posted on 29/06/2022

Hong Kong’s homebuyers snap up Grand Jete’s new flats in Tuen Mun to get ahead of rising mortgage rates

Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs. ( read original story ...)

Posted on 28/06/2022

How the world’s ‘most high-profile kleptocracy case’ didn’t stop the sale of this Hong Kong penthouse

A penthouse in one of Hong Kong’s swankiest property developments sold for $36.5-million to a company linked to Gulnara Karimova, daughter of the late Uzbekistan dictator Islam Karimov – bringing to l ... ( read original story ...)

Posted on 28/06/2022

Evergrande vows to oppose Hong Kong lawsuit from small creditor

China Evergrande said that it would “vigorously” oppose a winding-up petition filed by a small creditor as the world’s most indebted property developer comes under pressure from investors cut out of ... ( read original story ...)

Posted on 28/06/2022

Hong Kong’s luxury home rents fall as expats leave in droves due to Covid curbs, while New York, Toronto and Singapore see gains

Prime rents in Hong Kong fell 1.1 per cent quarter on quarter in the year's first three months Rents for Hong Kong's high-end homes have slipped 6.8 per cent since the pandemic started in 2020 Hong ... ( read original story ...)

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