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 ...
Greenwich land once owned by murdered developer sold for $13.1M at Hong Kong auction
Land once owned by Andrew Kissel, a murdered developer, was sold at auction for $13.1 million. The parcel is 16 acres, with high quality equestrian facilities.
Former Hong Kong leader CY Leung cautions on housing oversupply
Leung warns of potential housing oversupply from new projects, urging careful demand estimation and financial planning to avoid issues.
Hong Kong developers CK Asset, Sun Hung Kai, Swire to feel earnings pain: Moody’s
Hong Kong developers are likely to report weak earnings this year and next despite recent stimulus measures, as the commercial market prepares for a supply glut and residents seek to splurge either on ...
Hong Kong Mansion Sells for $21 Million in Distressed Disposal
A mansion in Hong Kong’s Repulse Bay was sold for HK$160 million ($21 million), adding to a streak of distressed property disposals this year.
Rich Hong Kong families sell mansions at a loss to repay debt
Rich families in Hong Kong are selling their villas and mansions at deep discounts so they can pay off debt, exacerbating the city’s prolonged property slump. About 40% of secondary property deals ...
Hong Kong religious group sells US$14 million in property as home market perks up
Jehovah’s Witnesses group has sold 16 units in Tseung Kwan O since July – 11 of them after banks cut interest rates in September.
Hong Kong can dig deeper into policy toolbox to revive property market, say analysts
Robust home sales from first post-stimulus weekend suggest recent tweaks are beginning to inject confidence in the market ...
Hong Kong’s Sun Hung Kai Sells All Kai Tak Units for Third Week
Sun Hung Kai Properties sold all apartments on offer at a key residential project in Hong Kong, marking the third straight week the units have been snapped up in a day as buyers take advantage of ...
Hong Kong mortgage tweak creates ‘positive expectation’ in property market: Paul Chan
Analysts agree the change will spur buying, but caution a full recovery may take ‘years’ given a glut of new-home inventory.
HK Policy Address 2024: Loan-to-value ratio for home mortgages to be relaxed amid home price slump
Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the ...
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal.
Hong Kong’s monetary authority eases mortgage lending restrictions to jump-start market
HKMA allows buyers to borrow up to 70% of a property’s value, with the aim of reviving the market where prices have declined by 6.2% in the year’s first eight months.
Hong Kong eases mortgage rules to address property slump
Hong Kong has introduced new measures to alleviate its prolonged property market slump by easing mortgage rules. The city will raise the loan-to-value (LTV) ratio for all residential properties to 70% ...