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Tag: mortgage

Posted on 04/11/2024

Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents

Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions Hong Kong's diverging housing rents and home prices are ...

Posted on 04/11/2024

Singapore opportunities could shine in Hongkong Land’s remaking

SEVEN months into the job, chief executive Michael Smith is stirring things up at Jardine Matheson Group’s 135-year-old Hongkong Land. Read more at The Business Times.

Posted on 02/11/2024

Hong Kong homebuyers give the cold shoulder to New World-led Pavilia Forest II

Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 18 units out of 58 flats on offer.

Posted on 02/11/2024

Hong Kong’s third-quarter negative-equity cases jump 34% to a 21-year high of 40,713

Hong Kong’s mortgage borrowers find themselves in increasingly dire straits, as the worth of their property is falling faster than the value of their loans, according to the latest data released by ...

Posted on 01/11/2024

Hong Kong stocks rise as China property sales return to growth

Hong Kong stocks rose, paring back a loss for the week, after property sales in China returned to growth for the first time this year, adding to evidence of stabilisation in the world’s second-largest ...

Posted on 31/10/2024

Hong Kong’s Underwater Mortgages Hit 22-Year High on Weak Market

The value of mortgages in Hong Kong that have exceeded the worth of the homes jumped to the highest level in more than two decades as the city’s property market continues to struggle.

Posted on 31/10/2024

Hong Kong’s failed land tender reflects weak outlook, derails urban renewal efforts

Hong Kong’s failure to sell a commercial site in Kowloon City this week represents a twin blow to the property market. The lone bid from CK Asset Holdings showed developers remained guarded on the ...

Posted on 30/10/2024

Hong Kong home foreclosures rise and will remain elevated in fourth quarter: Centaline

Home foreclosures in Hong Kong have risen for two quarters in a row and are expected to increase again in the coming period, Centaline Property said, as property transactions experience an uptick.

Posted on 30/10/2024

Hongkong Land seeks US$10 billion from asset sales as Jardine eyes ‘ultra-premium’ market

The strategic shift may come under scrutiny after a top level meeting this week between Xia Baolong and Jardine Matheson’s Benjamin Keswick.

Posted on 29/10/2024

Hong Kong home prices slump to the lowest level in 8 years, but rents rise

Hong Kong’s lived-in home prices fell by about 1.7 per cent in September to their lowest level since August 2016, as the impact of interest-rate cuts has yet to filter through to the faltering ...

Posted on 29/10/2024

Hongkong Land Shifts Strategy to Focus on Commercial Property

The biggest landlord in Hong Kong’s financial district is shifting its strategy to focus on commercial property management, a move that will eventually see the company set up real estate investment ...

Posted on 27/10/2024

Hong Kong property: Chinachem’s Echo House in Cheung Sha Wan sell out as buyers return

The developer found buyers for all 198 units in the project, agents said Chinachem Group and the Urban Renewal Authority sold out all flats in Echo House on Sunday, the latest project to receive a ...

Posted on 27/10/2024

Hong Kong’s own Saint-Tropez? Yacht tourism marinas may take 5 years to build, tycoon says

Allan Zeman says waterfront must be enhanced by building marinas 'like they have in Europe' to attract visitors Hong Kong may need up to five years to develop full waterfront infrastructure and must ...

Posted on 25/10/2024

Hong Kong property: Sun Hung Kai, Wheelock and CK Asset submit bids for Sha Tin plot

SHKP won the bid for the 2,425 sq m site in Siu Lek Yuen, Sha Tin, from a field of 11 bidders. It was the only residential plot offered during the April to June quarter. The land parcel, which can ...

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