PROPERTY group Hongkong Land on Friday (Jul 28) reported underlying profit of US$422 million for the first half of 2023, marginally down from US$425 million a year ago, amid lower planned sales ...
Hong Kong home prices weaken again as interest-rate hikes, mortgage pain, new supply undermine market recovery
Home prices slipped again in June, official data showed, as rate hikes, higher mortgage repayments and fresh supply of new flats undermined the city’s property market recovery last quarter.
Hong Kong home prices fall again in June as interest-rate hikes, mortgage pain, new supply undermine market recovery
Home prices slipped again in June, official data showed, as rate hikes, higher mortgage repayments and fresh supply of new flats undermined the city’s property market recovery last quarter.
Hong Kong home prices ease in June for a second straight month
Hong Kong home prices fell 0.5 per cent from May, easing for a second consecutive month, hurt by expectations of more interest rate hikes and weak consumer confidence in the city's economic ...
Hong Kong woman dies after quarrel with sisters over sale of property leads to flat fire
The 58-year-old tenant of the flat in Lok Shun House at Tsz Lok Estate in Tsz Wan Shan was certified dead at 11.34pm on Monday after she was sent to Prince of Wales Hospital a day earlier when the ...
Hong Kong stocks gain 4% as China vows support for ailing property market
Mainland Chinese stocks were also all higher, with the Shanghai Composite up 2.13% to close at 3,231.52, its highest one day gain since February. Meanwhile, the Shenzhen Component rose 2.55% and ended ...
China’s property firms rally after Beijing pledges economic support
By Clare Jim HONG KONG (Reuters) -Investors piled into Chinese property developers' shares and bonds on Tuesday following a sharp selloff in the previous session, after policymakers said they would ...
Hong Kong rallied more than four percent Tuesday as developers and tech firms soared following a pledge by China’s leaders to introduce measures to boost the country’s economy …
Hong Kong rallied more than four percent Tuesday as developers and tech firms soared following a pledge by China's leaders to introduce measures to boost the country's economy, particularly the ...
Chinese Female Tycoon Gains $1 Billion After Beijing Vows To Support Struggling Property Sector
Wu Yajun, the billionaire cofounder of real estate developer Longfor Group, added $1.1 billion to her net worth on Tuesday.
‘Property quarrel’ led to Hong Kong flat fire, knife attack that left 4 sisters severely injured in hospital
A preliminary investigation suggested the four sisters were doused with a flammable solution and suffered burns when a blaze broke out during the quarrel at the flat in Tsz Lok Estate’s Lok Shun House ...
Why Hong Kong property market still faces a long, hard slog to recovery
The much-anticipated reopening of China's economy after the pandemic has not translated into a steady upturn for Hong Kong's property market The city's ability to bounce back from previous crises ...
China property stocks tumble on renewed debt fears
Liquidity remains a concern for embattled Chinese property developers, which are struggling to emerge from a debt crackdown that started two years ago.
Hong Kong relaxes mortgage rules for the first time since 2009 to make homes more affordable for first-time buyers and upgrades
The government would consider ‘marginally relaxing’ the loan-to-value ratio, to strike a ‘balance [between] financial stability and the interest of first-time homebuyers’, Paul Chan said two weeks ago ...
DBS Reported to Ramp up H-based Mortgage Cap Rate to 5.875%, Bringing Actual Mortgage Rate to Highest in Over 2 Decades
DBS Hong Kong will raise the cap rate for new HIBOR-based mortgage plans exponentially from 3.375% in June to 5.875%, which would be equal to the HKD prime rate and bring the actual mortgage interest ...