As of 1pm, 75 of the 138 flats on offer at the New World-led luxury residential project in Wong Chuk Hang had been sold.
Hong Kong lawmakers back criminalising of subletting public rental flats
Secretary for Housing Winnie Ho stresses amended law will not cover normal interactions with neighbours, such as tutoring.
Debt crunch at New World stokes risk of ‘downside scenario’ in Hong Kong home prices: S&P
Decision to defer coupon payments on four series of perpetual bonds threatens a bigger drop in home prices, rating firm says.
Hong Kong’s stock market has revived but what of the property sector?
The decline in the city's interbank offered rates should be good news for the real estate sector but its underlying problems remain acute Hong Kong needs all the help it can get. Since 2018, the city ...
Hong Kong has all but abandoned the dollar peg
Interest rates in Hong Kong have been eerily low, raising the question of whether the city's dollar peg is now in name only.
Hong Kong’s real estate market cooled in May, with deals slumping to 3-month low
Transactions fall 11 per cent from a month earlier to 6,434, but value rises 1.3 per cent to US$6.4 billion, according to Centaline.
Hong Kong’s New World sees its shares and bonds slide after coupon payments deferred
New World Development, a major Hong Kong property developer, saw its shares and bonds tumble on Monday after announcing it would defer coupon payments scheduled for June on its perpetual bonds, ...
New World’s Distress Worsens After Shock Delay on Bond Interest
Hong Kong developer New World Development Co. is sliding deeper into distress after jolting investors by delaying interest payments on some bonds, marking the latest flashpoint in a years-long crisis ...
New World Development drops after company to defer coupon payments
HONG KONG (Reuters) -Shares of New World Development dropped as much as 9.8% after the Hong Kong property developer said it would defer coupon payments scheduled for June on perpetual bonds, casting ...
Tepid sales at Hong Kong’s Uni Residence as competition heats up in new home market
The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent ...
Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat
Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, reportedly purchased a HK$119 million (US$15.2 million) flat in the city’s affluent Mid-Levels neighborhood amid an ongoing ...
New World Gets More Bank Commitments for Loan Refinancing
Embattled Hong Kong property developer New World Development Co. has landed more vows from banks to help with a HK$87.5 billion ($11.2 billion) loan refinancing deal, bringing commitments to about 40% ...
Hong Kong’s Gale Well continues asset-sale plan with US$66 million luxury Stanley property
The deleveraging property investor has sold a number of properties recently, while other assets remain on the market Hong Kong property investment firm Gale Well Group put a luxury property site in ...