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Tag: mortgage

Posted on 26/09/2023

Hong Kong Stocks Close at Lowest in 10 Months as China Property Woes Weigh

Distress in China’s property sector has continued to stoke fears of a slowdown in the world’s second-largest economy, rattling stock markets across the region and sending Hong Kong equities to a ...

Posted on 26/09/2023

Hong Kong’s eased mortgage rules for unfinished homes will have little impact on property market, as buyers fret over interest rates and economy, analysts say

Analysts pour cold water on latest government bid to bolster property market, saying homebuyers adopting wait-and-see approach amid declining investor confidence Under new rules, eligible first-time ...

Posted on 26/09/2023

Hong Kong relaxes mortgage rules to support property market

Hong Kong is relaxing its mortgage rules for homes under construction, as the government takes more steps to support the city’s property market that has been weighed by high borrowing costs. Eligible ...

Posted on 25/09/2023

Hong Kong among world’s top sources of property capital, but global investors give city’s real estate a miss: Colliers report

But its high interest rates and ...

Posted on 25/09/2023

China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock

Chinese real estate giant Evergrande announced it is unable to issue new notes, and rescheduled a debt restructuring meeting with its creditors.

Posted on 25/09/2023

Hong Kong stocks tumble after China Evergrande scraps creditor meetings, triggering concerns about the property sector

Hong Kong stocks open weak after China Evergrande Group, the world’s most indebted developer, said it would cancel creditor meetings dealing a setback to its debt restructuring plans.

Posted on 23/09/2023

Hong Kong graft-buster charges 23 in connection with alleged renovation scams involving contracts worth HK$520 million in biggest case of its kind

Independent Commission Against Corruption says the case involves bribes amounting to more than HK$6.5 million.

Posted on 22/09/2023

What a $281 Million Mansion Says About Hong Kong

Take the aforementioned mega mansion. The 18,000-square-foot home with 11 bedrooms represents a former era when wealthy Chinese buyers flocked to the city for trophy properties. Today, China’s ...

Posted on 22/09/2023

Inside Hong Kong housing crisis with people living in cages and ‘coffins’

Luxury properties are always available for those that can pay, but there's an increased demand for luxury on a smaller scale in Hong Kong. This narrow flat is in a new property development in the ...

Posted on 22/09/2023

HK property billionaire with a big family dilemma

From CK Asset Holdings Ltd’s Li Ka-shing to Henderson Land Development Co’s Lee Shau-Kee, Hong Kong’s (HK) fabulously wealthy tycoons have for decades dominated the city’s property and retail sectors.

Posted on 21/09/2023

A Hong Kong Property Billionaire With a Big Family Dilemma

From CK Asset Holdings Ltd.’s Li Ka-shing to Henderson Land Development Co.’s Lee Shau-Kee, Hong Kong’s fabulously wealthy tycoons have for decades dominated the city’s property and retail sectors.

Posted on 19/09/2023

Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to restructuring plan

Sunac is following in the footsteps of Evergrande, which sought Chapter 15 protection last month Creditors holding 98.3 per cent of Sunac's outstanding bonds have approved a restructuring plan ...

Posted on 19/09/2023

Sunac, Country Garden debt deals bring respite for China’s property sector

Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery ...

Posted on 19/09/2023

As Singapore’s soaraway rental boom cools, Hong Kong rents start to heat up

The contrast between two of Asia’s prime financial hubs underscores Hong Kong’s path to recovery from the pandemic as Singapore’s policy measures to tackle soaring property prices start to bite.

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