HONG Kong’s real estate slump is choking off one of the financial hub’s most important sources of government revenue. Read more at The Business Times.
Hong Kong homebuyers spoiled for choice as 10,000 more flats to hit market this year
New flats made available this year will total nearly 20,000, according to Midland Realty, as developers pin hopes on a rate cut to spur sales.
Raising revenue from land: what African cities might learn from Hong Kong’s unique land-lease system
African countries can learn a lot from Hong Kong on how to use the gains from rising urban land prices to fund infrastructure and other public services.
Hong Kong’s Distressed Mansion Sales Driven by Cash-Rich Buyers
Hong Kong’s recent streak of distressed luxury property sales should persist through the rest of the year, helped by buyers flush with cash, according to Savills Plc brokers. The market is “dominated” ...
Hong Kong’s economic recovery hinges on having enough adequate housing
Housing and town planning reforms will raise social mobility, promote Hong Kong as an international talent hub and bring back our dynamism.
Swire Pacific, Wharf results dragged down by Hong Kong, China property markets
The subdued office rental market hit Swire Pacific’s property unit Swire Properties, where underlying profit fell 8 per cent year on year to HK$3.57 billion. Meanwhile, sluggish homes sales did the ...
New Hong Kong flats at Early Light’s Uppland project draw tepid response
Hongkongers buy only 17 of 139 new homes available in the New Territories project as record mortgage rates continue to dampen sentiment.
Hong Kong to ease key mortgage insurance rule to help families cope with financial stress
New arrangement will allow homeowners to seek a waiver to rent out their flats in cases of job loss or the arrival of new babies.
Hong Kong’s end-June ‘negative equity’ home loans steady, but could rise if slump persists
The number of mortgage holders with negative equity fell 5.5 per cent to 30,288 at the end of June, from 32,073 at the end of March, according to HKMA data.
Chinese President’s letter to Hong Kong entrepreneurs seen as boost, ‘special care’ for city
Hong Kong’s economy is under pressure from a grinding slowdown in China, the city’s main trading partner and source of tourism. The former British colony’s real estate sector has also been hit by high ...
Wealthy Hong Kong families sell mansions at losses amid property market downturn
Rich families in Hong Kong are selling their villas, mansions and other properties, accepting losses of millions of dollars, to pay debt as the local property market struggles.
Hong Kong’s ‘glass king’ of Biel Crystal snaps up Peak mansions in HK$1.1 billion sale
Yeung and Lam like the Plantation Road area as they spent HK$2.8 billion in 2017 on a plot of land along Pollock’s Path, adjacent to their latest purchases.
Hongkong Land net loss expands 150% amid weak sales of mainland China projects
Hongkong Land owns and manages more than 850,000 square metres (9.1 million sq ft) of prime office and luxury retail property in Asian cities including Hong Kong, Singapore, Beijing and Jakarta. It ...
Hongkong Land posts H1 underlying loss of US$7 million on non-cash provisions to China properties
PROPERTY developer Hongkong Land on Thursday (Aug 1) posted an underlying loss of US$7 million for the six months ended Jun 30, compared with an underlying net profit of US$422 million in the ...