In Hong Kong’s ultra-priced property market, where a square meter can exceed 26,000 euros, superstition has become as decisive as supply and demand: a single death can slash the value of a home by up ...
Hong Kong’s New Home Sales in First 10 Months Exceed Last Year’s Total
Some 15,900 new houses were sold in Hong Kong this year as of Oct. 27, compared with 15,839 in the whole of last year, according to data from Centaline Property. Last month alone, sales exceeded 1,700 ...
Cross-Border Borrowing Issues Come Into Focus as Hong Kongers Flock to Greater Bay Area
Lin called for the faster creation of a cross-border credit cooperation system under the Greater Bay Area framework, with the People’s Bank of China’s credit reporting center and Hong Kong regulators ...
Hong Kong lenders tread carefully amid mixed recovery signs, TransUnion says
Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference ...
Hong Kong bank staff among 32 arrested in HK$140 million loan scam case
Operation between anti-corruption agency and police uncovers network exploiting pandemic-era small and medium-sized enterprise loan scheme.
Hong Kong Signals Deep Property Slump
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Hong Kong Interbank Offered Rate (HIBOR) Sees Decline: Key Insights
HIBOR represents the interest rate at which banks lend to one another in Hong Kong. It is a critical benchmark for various financial products, including mortgages, loans, and bonds. The recent figures ...
How Hong Kong Property Giant New World Ran Into Trouble
Once a symbol of Hong Kong’s property-fueled prosperity, New World Development Co. has become one of its most visible casualties. After years of easy credit and unabated expansion, the property giant ...
Rosewood Hong Kong’s sister property, Rosewood Beijing: culture and luxury in the Chinese capital
An oasis within Beijing’s CBD, this luxe property seamlessly blends Chinese culture and modern opulence with world-class dining and wellness.
Hong Kong’s third-quarter negative equity cases shrink 17% as banks’ staff shift loans
The total value of residential loans that are underwater falls to US$20.18 billion, from US$24.47 billion three months earlier, HKMA says.
McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan
McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s first since it announced an asset-disposal plan in July. The three-storey, 9, ...
Hong Kong developer turns focus to Japan with $45M hotel sale
The Bauhinia Hotel in Tsim Sha Tsui is coming under new ownership after Hong Kong developer Hon Kwok looks to Japan.
Gaw Capital Chairman: Hong Kong property never left, it was just “on hiatus”
Goodwin Gaw, Chairman of Gaw Capital, believes that Hong Kong never truly faded but was on a "hiatus" following the recent slump in its property market. He noted that the residential sector is showing ...
New World Development launches up to US$1.9 billion debt exchange offer
Hong Kong property developer New World Development has launched a debt exchange offer of up to US$1.9 billion, aiming to restructure its outstanding perpetual securities, it said in an exchange filing ...