Is there nothing HSBC won’t do in the name of making the world a better place? From the bank that became a money-laundering hub for Mexican drug cartels and has recently been accused by MPs of ...
Country Garden: Debt crisis-hit China property giant in record loss
Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record $6 ...
Chinese cities ease mortgage rules in bid to revive property sector
BEIJING/HONG KONG (Reuters) -Two of China's biggest cities eased mortgage curbs and the country's top banks flagged mounting risks from the deepening property sector turmoil on Wednesday, as Beijing ...
Pressure on China’s Property Market Builds as Country Garden Faces Fresh Stress
Country Garden Holdings (ticker: 2007.Hong Kong), one of China’s biggest property developers, is due to report earnings for the first half on Wednesday after missing interest payments on its bonds ...
Guangzhou eases mortgage rules, banks flag risks as China steps up efforts to revive property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs and the country's top banks flagged mounting risks from property sector turmoil, as Beijing ramps up ...
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%. Recovery for Hong Kong’s non-residential investment market did not happen as predicted as interest rate hikes outweighed ...
Hong Kong home prices take biggest plunge of year in July, hit 6-month low as mortgage pain bites
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
Chinese banks to cut existing mortgage rates as property crisis deepens
Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit ...
Hong Kong home prices take biggest plunge in July, hit 6-month low as mortgage pain bites
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
This HKD 2.2 billion mansion in Repulse Bay is the most expensive home in Hong Kong
Listed at HKD 2.2 billion, a five-storey property in Repulse Bay is currently Hong Kong’s most expensive home.
Paid Late, or Never: Painters, Builders and Realtors Hit by China’s Property Crisis
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
China Developer Evergrande Plunges As Hong Kong Trading Resumes
Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension.
China developer Evergrande resumes trading in Hong Kong
Shares in troubled Chinese property giant Evergrande resumed trading in Hong Kong today after the company was suspended for 17 months for not publishing ...
CK Asset, Henderson Land among developers drawing out Hong Kong homebuyers with discounted new home offers
Homebuyers in Hong Kong have continued to flock to projects that offer them best value for their money, with CK Asset Holding selling almost all units in the latest batch of its Coastline project on ...