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 ...
Hong Kong, mainland China buyers shrug off high prices and interest rates to pile into prime Australian property
Hong Kong and mainland China-based buyers are snapping up residential units in Australia despite elevated interest rates and surging home prices Down Under, according to agents.
Hong Kong’s Link Reit committed to China as it dismisses rumours of asset sales with Guangzhou mall opening
Hong Kong-listed Link Reit opened the newly renovated mall in Guangzhou’s Tianhe district in September, with CEO George Hongchoy denying rumours that the company plans to sell some assets in China.
Stock market today: Asian shares slide, as Hong Kong retreats on selling of property shares
Shares have fallen in Asia, with Hong Kong's benchmark retreating on selling of property shares following recent gains ...
Hong Kong Housing Society will sell more than 400 subsidised flats at 62% of market price, dismisses concerns over property sector downturn
Cheapest flats at Hemma Amber development in Kwun Tong to sell for HK$2.55 million, with most expensive at HK$6.45 million Hong Kong Housing Society's Peter Or shrugs off property market downturn, ...
Hong Kong mansions, worth US$192 million, linked to China Evergrande founder Hui Ka-yan seized by creditor
The seizure of the two properties on Black’s Link, The Peak, is another setback for the founder of China Evergrande, which faces a winding-up hearing in Hong Kong on December 4.
Hong Kong mansions tied to Evergrande chairman seized by creditor
A creditor has seized a pair of luxury houses on Hong Kong’s Peak connected to the Evergrande chairman. Read more at straitstimes.com.
Hongkong Land appoints Singapore-based Mapletree’s Michael Smith as CEO
capital and property management company with more than US$55 billion in assets under management, will take over the role from April 1 next year, Hongkong Land said on Tuesday. Smith will relocate from ...
Hong Kong’s Biggest Developer Sells Homes at Six-Year Low Price
Sun Hung Kai Properties Ltd., Hong Kong’s biggest developer, has lowered the floor for new home prices in the city.
Sunac shares surge 21% as Chinese property developer says it’s met restructuring conditions
Shares of Chinese property developer Sunac surged 21% after it said restructuring conditions had been satisfied and plans to overhaul its debt has taken effect.
World’s priciest retail streets: Hong Kong’s Tsim Sha Tsui slips to third place after New York’s Fifth Avenue and Milan’s Via Montenapoleone
Hong Kong’s tourist hotspot of Tsim Sha Tsui retained its ranking as the most expensive retail destination in Asia-Pacific, but slipped to third place globally, according to a survey by Cushman & ...
Hong Kong property tycoon Henry Cheng still seeks successor
His latest comments shake the market’s longstanding assumption that his eldest son Adrian Cheng will succeed him. Read more at straitstimes.com.