China's Country Garden warned on Tuesday it could default on its offshore debt payments. It said in a filing it did not make a due payment in the principal amount of HK$470 million, or $60 million.
Hong Kong developers’ $76 billion rout may deepen as risks mount
Home prices have dropped 18 per cent from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
Hong Kong insurers could face record high claims as a host of typhoons, rainstorms inflict damage on the city
Hong Kong has experienced three typhoons and two rainstorm warnings over the past two months, which has spawned a surge in insurance claims 'Our industry is resilient and able to absorb these severe ...
Young Hong Kong graduates face uphill struggle to afford home as study finds buying power slashed by almost half over past 20 years
New Youth Forum warns that high home prices risk putting dream of home ownership out of reach for many young people Census and Statistics Department and Rating and Valuation Department figures used to ...
Hong Kong stocks jump on property easing speculation, China recovery bets while Sunac deal lifts distressed developers
China's recovery seen strengthening after a rebound in economic activity, with Goldman Sachs predicting more policy support this year Speculation on market easing measures fuelled gains among Hong ...
Is There A Real Estate Bubble In Hong Kong That’s About To Burst?
Chinese real estate developers are having some of their worst 12-month periods on record this year, defaulting on billions of debt as they face the new reality of much slower home sales in mainland ...
Mid-Week In China: A Tough Export Climate & More Property Woes Sink Hong Kong Stocks
Fears of an increasingly tough climate for Chinese exporters and more malaise in the property market sent Hong Kong shares trading lower Wednesday. After trying to rise higher in the morning, the Hang ...
Embattled Chinese property firm Evergrande up 20% after trading resumes in Hong Kong
Shares of embattled Chinese property giant Evergrande surged over 20% after it resumed trading in Hong Kong on Tuesday.
Stock market today: Asian markets sink, with Hong Kong down almost 3% on selling of property stocks
U.S. futures fell and oil prices also were lower. Hong Kong’s Hang Seng dropped more than 3% as investors unloaded property shares. However, China Evergrande was up nearly 16%, resuming trading after ...
Hong Kong shares drop 3%, dragged down by real estate and energy
Hong Kong's Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sector. The benchmark index's loss of over 500 points is a significant decline, Everbright Securities' ...
Hong Kong stocks sink most in three months amid China property woes, US rate worries
They were up 16% to trade at 37 Hong Kong cents (4.7 US cents), only 1% of the value of its peak price in October 2017. The stock of Evergrande Property Services also resumed trading, down 1.7% to 58 ...
Shares of China Evergrande and its property unit jump in Hong Kong as they resume trading after confirming chairman is under police control
Evergrande shares surged as much as 42.2 per cent to 46 Hong Kong cents in early Tuesday trade, while shares of the company’s Evergrande Property Services unit rose as much as 14 per cent to 67 Hong ...
China’s Evergrande Resumes Hong Kong Trading
Heavily indebted Chinese property giant Evergrande resumed trading in Hong Kong on Tuesday, according to a statement on the stock exchange's website.
Scrapping Hong Kong property curbs would be welcomed, but not sufficient to fix what ails the flagging sector: analysts
Any government rollback of property cooling measures is likely to boost home sales in Hong Kong, but even completely scrapping the measures would not be enough to revive a market that is grappling ...