Local subsidiary of China's largest bank has 'zero' non-performing loans from Hong Kong developers and plans to increase home mortgages ICBC (Asia) sees no undue risk in lending to Hong Kong's large ...
How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons
Macau tycoon Stanley Ho's family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse's shop in Central rented out at a big discount Hong Kong's weakening retail sales and slumping property ...
CK Asset Has Rebounded, But 2025 Still Offers A Lot Of Challenges
CK Asset Holdings' (CHKGF) shares have risen 20% after a fall 2024 dividend cut, outperforming peers. Read why I remain neutral on the stock.
Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po
China Vanke says some lenders, including Bank of Communications and OCBC Wing Hang, are processing mortgage applications.
Ares seeks to buy New World Development debt from banks
Private credit firms have been actively circling the distressed assets of Hong Kong property developers as banks grow weary of extending credit to the troubled sector.
DPS growth in sight for Hongkong Land
Analysts Raymond Cheng, Will Chu and Steven Mak note that final DPS has improved by 6% y-o-y to 17 US cents, with FY2024 DPS rising 5% y-o-y to 23 US cents, representing a 70% payout ratio. This was ...
Luxury Hong Kong project vendor fined for violating property sales rules
Win Extra, the seller of Pokfulam Peak, was fined HK$26,000 (US$3,345) after pleading guilty to three charges.
Hong Kong Builder Parkview Has a Week to Avert Loan Default
Cash-strapped builder Parkview Group has until March 17 to avoid a potential default on a $940 million loan tied to a landmark mall complex in Beijing, according to people familiar with the matter.
Hong Kong rents hit 5½-year high as demand surges post-holiday season
Centa-City Rental Index, compiled by Centaline Property, rose 0.46 per cent month on month in February Rents in Hong Kong hit a five-and-a-half-year high in February amid an increase in demand after a ...
Nicholas Tse leases out Central Hong Kong retail space after a year of vacancy at 40% reduced rate
Hong Kong actor Nicholas Tse has successfully leased out a retail space in Central Hong Kong at a price 40% lower than its original asking rate, ending over a year of vacancy.
Hong Kong to press on with selling residential plots amid warnings of oversupply
Development minister Bernadette Linn also says government will not give up on project to build artificial islands in waters off Lantau.
Hongkong Land’s underlying profit down 44% at US$410 million for FY2024
PROPERTY developer Hongkong Land on Friday (Mar 7) posted an underlying profit of US$410 million for the financial year ended Dec 31, 2024, down 44 per cent from US$734 million a year ago. Read more ...
“Home demand is keen”: govt rejects oversupply claims
Authorities insist there is still keen demand for housing, citing a low vacancy rate for private flats, in response to a market report suggesting ...
Keen demand for housing: Govt
The Government disagrees with an observation made in a report by S&P issued on March 5 that there is an oversupply of residential properties in Hong Kong, noting that data shows a keen housing demand.