Competition Commission says it is taking Midland Realty and Hong Kong Property Services (Agency) to court over directing agents to charge minimum net commission rate.
Chinese Estates’ Joseph Lau says he would not dare buy property amid high interest rates in Hong Kong
The property magnate and Chinese Estates founder says high interest rates are forcing businesspeople to recalculate their investments and potential returns. ‘It’s better to hold on to the money now.’ ...
Hong Kong Mortgage Corporation’s ‘100% Personal Loan Guarantee Scheme’ Posts Default Rate ~10%
The Hong Kong Mortgage Corporation Limited launched the 100% Personal Loan Guarantee Scheme (PLGS) in 2021 to provide a supplementary financing option to individuals who suffered f... The Hong Kong ...
MTR receives no ‘conforming tender’ for Tung Chung site in latest setback for Hong Kong’s property market outlook
MTR Corp has failed to attract any conforming tender to develop a site known as Tung Chung Town Lot No 53, despite many expressions of interest from potential bidders.
Hong Kong taps property tycoons to attract family offices
THE Hong Kong government has tapped property tycoons to lure more family offices to the financial hub. Read more at The Business Times.
Hong Kong police charge 2 men with property damage over alleged disruption of organ donation register
Hong Kong police have charged two men with criminal damage to property, after they were arrested in June for allegedly disrupting the city’s organ donation register following controversy over opening ...
Former Man United star Gary Neville seeks buyers from Hong Kong for branded property units in Manchester
Former footballer Gary Neville is marketing to Hongkongers, flats in a 41-storey tower in Manchester that will be the first branded residences and five-star hotel in the city located in northwest England.
Factbox-China property rescue? Who are Ping An Insurance Group and Country Garden?
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday, citing ...
Ping an Loses $2.1 Billion in Market Value, China Property Rallies on Country Garden Rescue Report
HONG KONG (Reuters) - China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a controlling stake in troubled developer Country Garden.
Hong Kong economy to grow by 3-4 per cent this year on slower-than-expected recovery in tourism and trade, finance chief warns
Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy.
Danger still exists for borrowers, lenders in Hong Kong
Thanks to the US dollar currency peg, rates in Hong Kong should hold steady, too. That should bring some relief to long-suffering mortgage holders. Fed chief Jay Powell has described the US central ...
Hongkong Land’s Jardine House, iconic witness to 50 years of city’s development, celebrates milestone with exhibitions
Then known as Connaught Centre, the building was the tallest in Asia at 178.5 metres when it opened in 1973 but only held that record until 1974, according to Hongkong Land, the owner and operator of ...
Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low
The Hong Kong government rejected all four tenders for a residential site, as they "did not meet the government's reserve price for the site" Hong Kong's property transaction volumes in October fell ...
Hong Kong student group alleges attempted forced entry of properties amid lawsuit over ownership
The Hong Kong Federation of Students (HKFS) has filed a police report after suspecting that a group of unknown men had tried to forcefully enter two of its properties. The alleged forced entry took ...