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 ...
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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.