The eventual sale resulted in a loss of HKD 1.48 million or about 12%. This narrative, while personal, reflects a broader trend that may be taking root in Hong Kong’s property market. It serves as a ...
Habitat Property’s Victoria Allan says removal of Hong Kong’s property curbs is likely to boost home sales, but high interest rates are likely to keep prices in check
Removal of cooling measures is likely to 'impact sentiment and ... increase the transaction volumes by 5 per cent to 10 per cent', Allan says All eyes are on Chief Executive John Lee Ka-chiu's policy ...
Hong Kong’s Urban Renewal Authority feels the pinch of property slump, but pushes ahead with sales at latest starter home development
New URA Hung Hom development is oversubscribed 7.7 times, less than 20 per cent of applications for earlier projects But Wai Chi-sing, the URA managing director, insists sales would go ahead at Hung ...
Mammoth Hong Kong Mansion Priced At $281 Million Joins The Ranks Of World’s Most Expensive Homes
Repulse Bay, pictured via drone, is among the most exclusive areas for residential property in Hong ... [+] Kong. No matter the pecking order, however, the locations of these ultraexpensive residences ...
Hong Kong property investment fails to breach the HK$10b mark yet again
Total commercial investment volume reached only HK$6.9b in Q3. Despite a q-o-q improvement, Hong Kong’s overall investment market momentum remained low. According to CBRE data, total commercial real ...
Hong Kong’s Proposed Stamp Duty Reduction – A Stimulus or a Risk?
In recent times, the world’s most expensive property market, Hong Kong, has been experiencing a certain level of weakness. The Deputy Chairman of the Taxation Committee of the Hong Kong Institute of ...
China property creditors face worsening restructuring terms as sector recovery hopes sour
By Clare Jim, Xie Yu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) - As more Chinese property developers move towards restructuring billions of dollars of debt, their offshore creditors are ...
Analysis-China property creditors face worsening restructuring terms as sector recovery hopes sour
By Clare Jim, Xie Yu and Davide Barbuscia HONG KONG/NEW YORK (Reuters) - As more Chinese property developers move towards restructuring billions of dollars of debt, their offshore creditors are ...
CK Asset Holdings Weathering Multiple Headwinds In Hong Kong
Summary Hong Kong property developers have been hit by higher rates, weak property markets, and softening conditions in China, but CK Asset has held up better than most. The company's focus on growing ...
HK Negative Equity Mortgages Expected to Hit Highest Since 2005
Hong Kong mortgage loans that exceed the property’s value are likely to reach their highest since 2005 next year if home prices keep falling, according to Bloomberg Intelligence.
Hong Kong is suffering because of Federal Reserve
When it comes to global economic repercussions, few regions feel the pinch as intensely as Hong Kong. This financial powerhouse, which once stood as a beacon of vibrant growth and prosperity, now ...
Property Giant Hysan’s Borrowing Surges With Fresh $4 Billion Bond Issuance
Hong Kong property developer Hysan Development Company Limited (OTC: HYSNY) issued a prospectus for up to $4 billion of medium-term bonds Monday, more than 10 times its average medium-term debt tr ...
Hong Kong developers’ $76.4 billion rout may deepen as risks mount
Home prices in the city have dropped 18% from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
China’s Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over, after it ...