Hong Kong’s retail sector is failing to respond quickly enough ... While there are headwinds – the sharp rise in mortgage rates that is squeezing disposable incomes, the global slowdown and mainland ...
Hong Kong court adjourns Evergrande’s winding-up hearing until January 29, giving world’s most indebted developer another reprieve
China Evergrande Group, the most indebted property developer in China with US$328 billion of liabilities, was granted another reprieve after a Hong Kong court on Monday adjourned a hearing, allowing ...
China Evergrande liquidation hearing in Hong Kong court adjourned to Jan. 29
A hearing into a liquidation petition against China Evergrande Group was adjourned in a Hong Kong court to next month, with the judge asking the embattled developer to hold discussions with relevant ...
China Evergrande seeks adjournment in Hong Kong court liquidation hearing
A lawyer for embattled property developer China Evergrande Group on Monday sought an adjournment of a Hong Kong court's hearing of a liquidation petition, saying no creditors were "actively seeking" a ...
Evergrande shares rise over 9% as court hearing to wind up property firm is postponed again
Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm's court hearing over its possible liquidation was postponed to Jan. 29, 2024. The firm was originally scheduled to face ...
Evergrande Winding-up Hearing in Hong Kong Adjourned Again
China Evergrande Group won breathing room to strike a restructuring agreement with creditors after a Hong Kong court again pushed back a decision on whether the world’s most-indebted property ...
Evergrande Sees Last Chance To Avoid Liquidation In Hong Kong Court
Chinese property giant Evergrande is due to present its restructuring plans in a Hong Kong court Monday, a deadline imposed by a judge for the heavily indebted company to avoid liquidation. Once China ...
Sun Hung Kai’s biggest weekend property sale since 2022 pays off, as homebuyers snap up flats at Yoho West amid strong demand
About 90 per cent of flats on offer this weekend at Yoho West, a joint project between SHKP and MTR Corp, are expected to be sold, according to agents Yoho West enticed more homebuyers because its ...
FWD HK unveils new retirement plan for HKMC’s programme
This collaboration expands retirement solutions in the market. FWD Hong Kong has introduced the Life Gala Insurance Plan, addressing the crucial need for comprehensive retirement planning. The plan ...
‘Mortgage rate war’ fuels unexpected rise in house prices – latest updates
Mortgage brokers have said a battle to offer the lowest mortgage ... Brent crude, the international standard, dropped 29 cents to $80.57 a barrel. Hong Kong’s Hang Seng dropped 0.5pc to 16,950.14, ...
HK Oct Mortgage Loans Approved Drop 2.2% MoM
The Hong Kong Monetary Authority (HKMA) released the results of the residential mortgage survey for October. The number of mortgage applications decreased by 39% MoM to 5,359. Mortgage loans approved ...
Hong Kong home sales jump 22 per cent in November as impact of property easing measures filters through
Transactions for 2,767 new and lived-in homes were completed last month, a 22 per cent increase from October. But overall property deals are on track to end below the all-time low of 59,619 in 2022.
Hong Kong Property Slump Sinks a Record Number of Land Tenders
Hong Kong saw a record number of failed land tenders this year with plot-sales revenue headed toward the lowest due to the sector downturn.
Hong Kong’s second-hand home prices fall to lowest since March 2017, with skid set to continue through 2024’s first half
Lived-in home prices fell by 2.16 per cent in October, the second steepest monthly decline of 2023, as a property analyst predicts a 6 per cent full-year decline with a drop of up to 5 per cent for ...