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Tag: mortgage

Posted on 12/06/2024

Hong Kong cancels passports of 6 ‘wanted’ activists in UK, inc. Nathan Law, under new security law provision

The Hong Kong authorities have cancelled the passports of six “fugitive” self-exiled activists in the UK, including Nathan Law, exercising new powers under a recently-enacted security law for the ...

Posted on 12/06/2024

Hong Kong cancels passports of 6 democracy activists

Hong Kong labelled the six activists, who are living in exile in the UK, as " "lawless wanted criminals." Their passports were revoked under a controversial security law.

Posted on 11/06/2024

Hong Kong buyer’s market for flats persists as Sun Hung Kai offers homes at 17% discount

New batch of homes in Novo Land priced well below previous offerings in the same project, as developers continue bargain offerings to clear inventory.

Posted on 11/06/2024

China’s Dexin ordered to liquidate by Hong Kong court

Dexin joined the growing ranks of Chinese developers under pressure from creditors in the aftermath of a years-long crisis in China's property market. Trading of the firm's Hong Kong-listed shares was ...

Posted on 11/06/2024

China property crisis: Dexin joins list of developers ordered to liquidate in Hong Kong

are seeking to negotiate with their offshore creditors to avoid being liquidated when they come before the Hong Kong courts in the next couple of weeks. Founded in 1995, Dexin China focused mainly on ...

Posted on 11/06/2024

Chinese Developer Dexin Ordered To Liquidate By Hong Kong Court

A Hong Kong court ordered the liquidation of Chinese developer Dexin on Tuesday, according to a report, making it the latest firm to be hit with such an order as the sector struggles with a ...

Posted on 07/06/2024

Hong Kong developers keep discounted flats coming as they pare inventory amid rate hopes

Henderson Land, Right Honour and Sun Hung Kai unveil price lists for new units as builders see hopes of lower interest rates lifting buyer sentiment.

Posted on 07/06/2024

Hong Kong’s Property Rally Proves Short-Lived as Sales Dip

Hong Kong’s property market is falling again, just three months after government tax breaks propelled a brief rally.

Posted on 07/06/2024

Hong Kong mortgage loans drawdown rises by 9.9%

Hong Kong’s mortgage applications rose by 11.7% month-on-month (MoM) to 9,629 in April, data from the Hong Kong Monetary Authority (HKMA) showed. Approved mortgage loans surged by 52.4% MoM to ...

Posted on 04/06/2024

Hong Kong property deals fall by a quarter as exuberance over scrapping of cooling measures fades

Hong Kong’s property sales fell by a quarter in May, the latest official data shows, as analysts said the initial exuberance over the lifting of property cooling measures had started to wear off. Some ...

Posted on 04/06/2024

Hong Kong Shares Close Higher, Property Stocks Lead Gains

Hong Kong shares closed higher, supported by property stocks. Analysts see a stronger recovery of property sales in June after a slightly slower decline in May. Longfor Group and China Resources Land ...

Posted on 04/06/2024

Property Stocks Propel Hong Kong Market Amid Regulatory Scrutiny

Hong Kong stocks saw a slight rise driven by property stocks, which advanced 2.3% following optimistic Citi analyst projections. China's shares were mixed due to regulatory scrutiny. Property giant ...

Posted on 03/06/2024

Hong Kong residential transaction volume more than doubled in April

Transactions reached over 8,500 cases during the month. Hong Kong’s residential property market saw a notable rebound in April amid active new project launches by developers at deep discounts, said ...

Posted on 02/06/2024

Hong Kong home sales fall to earth following end-of-curbs flight, dragged by gravity of high rates, inventory

The market is cooling after a heated burst of activity following the removal of cooling measures in late February, as high inventory levels and interest rates conspire to restrain sentiment.

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