A mansion in Hong Kong’s Repulse Bay was sold for HK$160 million ($21 million), adding to a streak of distressed property disposals this year.
Rich Hong Kong families sell mansions at a loss to repay debt
Rich families in Hong Kong are selling their villas and mansions at deep discounts so they can pay off debt, exacerbating the city’s prolonged property slump. About 40% of secondary property deals ...
Hong Kong religious group sells US$14 million in property as home market perks up
Jehovah’s Witnesses group has sold 16 units in Tseung Kwan O since July – 11 of them after banks cut interest rates in September.
Hong Kong can dig deeper into policy toolbox to revive property market, say analysts
Robust home sales from first post-stimulus weekend suggest recent tweaks are beginning to inject confidence in the market ...
Hong Kong’s Sun Hung Kai Sells All Kai Tak Units for Third Week
Sun Hung Kai Properties sold all apartments on offer at a key residential project in Hong Kong, marking the third straight week the units have been snapped up in a day as buyers take advantage of ...
Hong Kong mortgage tweak creates ‘positive expectation’ in property market: Paul Chan
Analysts agree the change will spur buying, but caution a full recovery may take ‘years’ given a glut of new-home inventory.
HK Policy Address 2024: Loan-to-value ratio for home mortgages to be relaxed amid home price slump
Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the ...
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal.
Hong Kong’s monetary authority eases mortgage lending restrictions to jump-start market
HKMA allows buyers to borrow up to 70% of a property’s value, with the aim of reviving the market where prices have declined by 6.2% in the year’s first eight months.
Hong Kong eases mortgage rules to address property slump
Hong Kong has introduced new measures to alleviate its prolonged property market slump by easing mortgage rules. The city will raise the loan-to-value (LTV) ratio for all residential properties to 70% ...
Hong Kong to Relax Mortgage Rules to Bolster Property Market
Hong Kong will relax its mortgage rules to allow lower downpayment for homebuyers amid a prolonged property slump in the city.
Hong Kong Stocks Surge Amid China’s Property Market Developments
Hong Kong shares rose on Wednesday as investors anticipated a government briefing about China's struggling property sector. The CSI300 Index and the Shanghai Composite Index showed mixed performance, ...
Make it easier for Hong Kong-based mainland Chinese talent to move money from China, pro-Beijing party urges
Authorities should lower the threshold for Hong Kong-based mainland Chinese talent to move their capital from mainland China to the city, a pro-Beijing party has urged as growing numbers of ...
Hong Kong Housing Market Benefits from Mainland China Policy Stimulus
Recent rate cuts and rising stock prices offer positive news for Hong Kong's property market. However, the weak economy and cautious pricing from developers persist.