LONDON: A Hong Kong firm struck a record deal for a London skyscraper ... Banks approved the lowest number of new home mortgages for nine months in June, according to data released this week by trade association UK Finance. Official data earlier this ... ( read original story ...)
Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That would mean fewer mortgages for banks, fewer real estate fees for agents. Could the market fall further? ( read original story ...)
Sitting tight in the fintech age, warding off threats
Any potential risks he could think of at the moment could come from property developers' enticing mortgage loans with high loan-to-value ratios, as well as the increased mainland exposure of Hong Kong banks. "But, they're all manageable." Norman Chan Tak ... ( read original story ...)
Hong Kong firm beats Brexit blues — Buys London ‘Walkie Talkie’ skyscraper
AFP/File | The ‘Walkie Talkie’ skyscraper, seen in the centre front of this photo, fetched the e highest price ever paid for a single building in Britain at £1.3 billion (1.5 billion euros, $1.7 billion) LONDON (AFP) – A Hong Kong firm struck a ... ( read original story ...)
Hong Kong’s oyster sauce king buys London’s ‘Walkie Talkie’ tower for record £1.3 billion
Lee Kum Kee Group, the Hong Kong company best known for its oyster sauce condiment, has bought a London office tower for a record £1.3 billion (US$1.7 billion), landing the biggest commercial property deal in the United Kingdom. Lee’s property ... ( read original story ...)
Link Reit may sell 20 Hong Kong shopping malls to take advantage of record property prices
Link Reit, Hong Kong’s first real estate investment trust, is considering a plan to sell more than 20 retail shopping centres around the city, the latest landlord to put its property portfolio on the market, after a crucial land sale in May established a ... ( read original story ...)
Like a ‘tenant leasing a room back to the landlord’: Justice Sec. defends mainland rail checkpoint
On a Commercial Radio programme on Wednesday, Yuen cited Basic Law Article 7, which stipulates that land and natural resources within Hong Kong is state property, and the Hong Kong government is responsible for their management and lease. Yuen compared ... ( read original story ...)
Asia markets close mixed as oil extends gains; Fed awaited
LG Display share were off 1.22 percent at the close. Hong Kong-listed property stocks were once again responsible for moves in the markets, with Sunac China Holdings gaining 3.98 percent after being sold off in the previous session. Sunac shares fell ... ( read original story ...)
KWG PROPERTY : Next Day Disclosure Return
Section I must be completed by a listed issuer where there has been a change in its issued share capital which is discloseable pursuant to rule 13.25A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong ... ( read original story ...)
SB Architects design architectural ‘inspiration home’ for Las Vegas leisure community
The property is being offered on the market for US$7.95m ... above the valley floor, by billionaire Hong Kong developer Henry Cheng. Six high-profile studios have been commissioned to develop exclusive design-focused houses for the development, and ... ( read original story ...)
Hong Kong rail deal prompts ‘One country, one system’ fears
He cited Article 7 of the Basic Law, which states that all land resources within Hong Kong shall be "state property." Yuen also stressed that the railway project and the joint border arrangement were initiated by the Hong Kong government. "The ... ( read original story ...)
Feds arrest man after smuggling king cobras in potato chip cans!
Special agents with the Fish and Wildlife Service had tracked shipments of exotic wildlife to and from Franco and issued a search warrant of his property. On March 2, agents intercepted a shipment from Hong Kong containing three live king cobras ... ( read original story ...)
When Lady Luck Checks Out
You could be forgiven for never having heard of 13 Holdings Ltd., a Hong Kong-listed property-management firm established to raise funds for a luxury hotel and casino in Macau. 1 Today, the development sits unfinished as the company struggles to find ... ( read original story ...)
Why Hong Kong’s Dull Dollar Has Investors Excited: QuickTake Q&A
Why has the Hong Kong dollar been so weak ... The real rate to watch is Hibor: It’s the floating rate on most new mortgages and will be the first indicator of tightening liquidity. Another rate that matters is the prime rate, which is often the ... ( read original story ...)