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Tag: mortgage

Posted on 24/08/2024

Hong Kong landlord to appeal proceedings halt over bid to evict private estate tenants

Housing corporation says it will challenge court's rejection of request to fast track proceedings in cases against Tai Hang Sai Estate tenants The corporation overseeing Hong Kong's only private ...

Posted on 23/08/2024

Team tasked with regulating Hong Kong’s subdivided flats submits proposal for minimum living standards

A government-appointed task force has proposed introducing minimum living standards for Hong Kong’s notorious subdivided flats as part of government efforts to phase out “low-quality” units in a city ...

Posted on 23/08/2024

Chinese uber-influencer ‘Crazy Xiaoyangge’ rents office for creator firm in Hong Kong

Three Sheep rents a 5,570 sq ft office for around US$23,000 a month as agents note an uptick in inquiries from mainland-based companies.

Posted on 22/08/2024

Hong Kong Jockey Club can decide prime site’s use, authorities say, after flats plan sparks concern

Jockey Club plans to redevelop sports complex in Happy Valley into three 21-storey residential blocks The Hong Kong Jockey Club is not required to pay a land premium for redeveloping a sports complex ...

Posted on 21/08/2024

Henderson Land earnings cut in half amid downbeat Hong Kong property, retail markets

Hong Kong developer Henderson Land’s first-half earnings nearly halved as a subdued office property segment continued to weigh on office rents amid high interest rates, geopolitical tensions and a ...

Posted on 21/08/2024

Hong Kong property transaction volumes to drop by 19% in 2024

Investments are expected to reach HKD20b in the second half of the year. Commercial real estate investment sentiment in Hong Kong remained subdued in Q2. According to a Colliers report, despite an ...

Posted on 21/08/2024

Hong Kong’s homebuyers would rather forfeit their deposits than pay above-market prices

The 308 cases in the first half have already exceeded last year’s total of 261, according to Centaline. But buyers could be chased down by developers to pay the difference in resale prices, agent ...

Posted on 20/08/2024

Hong Kong’s home buyers would rather forfeit their deposits than pay above-market prices

The 308 cases in the first half of the year have already exceeded last year's total of 261, according to data from Centaline The number of new-home buyers who have forfeited their deposits has jumped ...

Posted on 20/08/2024

Hong Kong property buyers willing to forfeit deposits than pay above-market prices

The 308 cases in the first half have already exceeded last year’s total of 261, according to Centaline. But buyers could be chased down by developers to pay the difference in resale prices, agent ...

Posted on 19/08/2024

City should jail takeover cheats, says wronged Hong Kong tycoon

“The panel needs more teeth,” said Anson Chan, a Hong Kong property tycoon who is a director of Pyrrho. “Where people are determined to have lied to the panel deliberately it should be criminal ...

Posted on 19/08/2024

Landlords in New Territories are big winners amid Hong Kong’s property market gloom

Landlords in New Territories are probably the happiest lot as demand lifts rents to multi-year highs, a bright spot amid an otherwise gloomy property market An influx of students and working ...

Posted on 18/08/2024

Hong Kong residential transactions drop 30% to 3,856 in June

Residential prices are not expected to rebound until the mortgage rate falls to about 3%. After the withdrawal of cooling measures, Knight Frank said in a report that the pace of buyers entering the ...

Posted on 18/08/2024

Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak: sources

SPANISH fast-fashion label Mango has rented a 19,000-square-foot (sq ft) store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest in a slew of global brands ...

Posted on 17/08/2024

Hong Kong maintains growth forecast for 2024 as economy expands 3.3% in second quarter

Economy should continue to grow for remainder of the year, but faces challenges such as geopolitical tensions, government says.

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