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Tag: mortgage

Posted on 02/12/2024

Hong Kong court dismisses petition to liquidate Chinese developer Shimao Group

China's Shimao Group said on Monday that the High Court in Hong Kong dismissed a petition seeking the liquidation of the embattled property developer. The petition was filed by China Construction Bank ...

Posted on 01/12/2024

Hong Kong property: Chinese tycoon and Agile chairman Chen Zhuolin loses US$16 million in nine-flat fire sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.

Posted on 30/11/2024

‘Interested, but profits matter too’: Hong Kong developers react to Beijing’s North Metropolis call

One country, two systems’ guarantees that no top-down instruction will be placed on developers to discharge their social responsibilities, industry representative says.

Posted on 29/11/2024

Hongkong Land launches over $8b Westbund Central project

Property investment, management and development group Hongkong Land officially unveiled its Westbund Central project with an investment of more than 60 billion yuan ($8.28 billion) in Shanghai on ...

Posted on 29/11/2024

New World CEO to leave after two months in succession saga

Mr Ma’s departure adds to uncertainties at the company, which reported its first loss in two decades. Mr Ma was meant to steady the ship after Adrian Cheng, the eldest son of family patriarch Henry ...

Posted on 29/11/2024

Sun Life HK, HKMC partner to promote flexible retirement planning programmes

Hongkongers expect to retire at an average age of 66. Sun Life Hong Kong has partnered with the Hong Kong Mortgage Corporation Limited to refer clients to the Policy Mortgage Programme and Reverse ...

Posted on 29/11/2024

Hong Kong’s ‘Emperor’s Home’ penthouse sold at steep discount as distressed tycoons divest

We will continue seeing financially pressured owners offloading assets until interest rates come down substantially,’ analyst says.

Posted on 27/11/2024

Hong Kong home prices rise for the first time since March, though rents cool slightly

Hong Kong’s lived-in home prices rose in October, according to official data, arresting a five-month decline following an interest-rate cut and eased mortgage rules unveiled by Chief Executive John ...

Posted on 27/11/2024

Hong Kong property tycoon Eric Chu seeks court’s ‘mercy’ for death row wife Truong My Lan

Eric Chu, Truong My Lan’s Hong Kong property tycoon husband, has asked an appeal court to show his wife clemency and give her the “lowest possible” sentence, citing her service to the nation.

Posted on 26/11/2024

Hong Kong property: Agile chairman Chen Zhuolin loses US$16 million in 9-flat fire sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million Chen Zhuolin, the chairman of distressed mainland Chinese developer Agile Group, has ...

Posted on 26/11/2024

Hong Kong property: Agile chairman Chen Zhuolin loses US$16 million in distress sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million Chen Zhuolin, the chairman of distressed mainland Chinese developer Agile Group, has ...

Posted on 23/11/2024

Lesbian daughter of tycoon who offered millions to find her a man is now an iconic LGBTQ+ activist

In 2012, a tycoon tried to find a man to marry his lesbian daughter, Gigi Chao, for a handsome sum. It turned her into an LGBTQ+ icon.

Posted on 22/11/2024

Hong Kong developer New World to focus on managing debt, SCMP reports

Hong Kong property developer New World Development aims to focus on its debt load before any consideration of mergers or acquisitions, according to chairman Henry Cheng, the South China Morning Post ...

Posted on 22/11/2024

Property prices in Asia’s major markets set to rise in 2025: Hong Kong leads

Property prices across Asia's major markets, including Hong Kong, Australia, and Singapore, are expected to rise in 2025. Find out why and what this means for investors.

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