Cash-strapped owners are taking out loans with rates of up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.
Peak distress: Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain
Cash-strapped owners are taking out loans with rates up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.
Hong Kong ‘Underwater’ Mortgage Levels Hit Two-Decade High
Underwater mortgage” levels in Hong Kong surged to a two-decade high amid a prolonged slump in what’s forecast to be one of the world’s worst property markets this year.
Kai Tak a hit with Hong Kong buyers at Housing Authority sale of about 9,000 subsidised flats
Kai Tak a draw for buyers of subsidised flats because of good transport links and views across Victoria Harbour and sports park.
Hong Kong court orders liquidation of China developer
HONG KONG -- A Hong Kong court ordered China Evergrande, the world's most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to ...
Hong Kong court liquidates failed Chinese property giant
The decision followed months of intense negotiations as international creditors moved against Evergrande to get some of their money back.
Evergrande collapse: Hong Kong court orders liquidation of China property giant
Judge says ‘enough is enough’ after developer, which has $300bn in debt, fails to provide convincing restructuring plan ...
Hong Kong court orders property firm China Evergrande to liquidate
Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors
US interest rates drag down Hong Kong property, with China economic recovery only ‘light at the end of the tunnel’: JLL chairman
Tsang said Hong Kong’s talent scheme should come with more policy support, such as mortgage relaxations and relaxations of capital outflow controls, to boost housing transactions. Chinese buyers ...
China Evergrande: What if the property giant is liquidated?
One of China's largest real estate developers faces a winding-up petition in a Hong Kong court on Monday. A liquidation of the firm could have far reaching consequences for the world's second-largest ...
Hong Kong’s environment chief admits government has not done enough to explain a delayed waste-charging plan
Hong Kong’s environment chief has admitted that the government ... residents’ organisations or property management companies to collect rubbish. He said it would take time for residents to understand ...
China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears
A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down ...
New Rules Boost China Property Shares but Could Miss the Mark, Analysts Say
HONG KONG (Reuters) - Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants ...
China property stocks jump as Beijing takes steps to boost liquidity in the beleaguered sector
China's property stocks jumped after the country's central bank announced measures that would help boost the liquidity available to property developers. Shares of Hong Kong-listed Country Garden ...