The supply of new homes could more than double compared with this year, driving developers to slash prices by 10 per cent or more to attract buyers amid historically high interest rates, analysts say.
Swire Properties, Hongkong Land say businesses will refocus on city as Covid-19 curbs end, mainland China border reopens
"Assisted by the easing of border and social-distancing restrictions, we expect international and Asian financial and professional services businesses to refocus their attention on Hong Kong because ...
Hong Kong’s banks raise prime rate to 15-year highs as HKMA warns borrowers to gird against risks in era of higher funding costs
The HKMA increased its base rate by 50 basis points to 4.75 per cent from 4.25 per cent, taking it close to a 15-year high HSBC, the largest currency issuing bank in Hong Kong, raised its prime rate ...
HKMA warns borrowers to gird against risks even as Hong Kong’s rate hike slows to half point in lockstep with Fed’s policy downshift
The HKMA increased its base rate by 50 basis points to 4.75 per cent from 4.25 per cent, taking it close to a 15-year high Commercial banks in Hong Kong are expected to increase their prime lending ...
Scary thought: Hong Kong homebuyers fascinated by flats with a grisly past
Hong Kong’s property market is in a rut, reeling from rising mortgage rates and an economy hobbled by strict virus curbs.Despite this, it still has some of the most frighteningly expensive real estate ...
China’s relaxation of ‘zero-Covid’ controls comes at a crucial time for Hong Kong property
Hong Kong needed China to start reopening last year, when borrowing costs were at rock-bottom levels and the post-pandemic recovery was under way Hong Kong's prospects hinge on a full reopening of the ...
Scary thought: spooky new Hong Kong haunted house trend sees homebuyers take a chance on properties with a grisly past
Search for cheap deals in hard times sees more people consider apartments connected to murder, death and grisly crimes Hong Kong's property market is in a rut, reeling from rising mortgage rates and ...
Waning trust: China shadow banks pivot away from property to survive
Chinese developers' debt-fuelled construction boom enriched the country's shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional ...
Scary thought: spooky new Hong Kong haunted house trend sees home buyers take a chance on properties with a grisly past
New survey finds growing interest in 'haunted' properties among Hongkongers who would normally shun such places out of superstition Search for cheap deals in hard times sees more people consider ...
Fusion Bank, Midland Realty bring buy now, pay later business model to Hong Kong housing market
Under the scheme, tenants can apply to Fusion Bank for loans, and use the money for lump-sum prepayment of leases Landlords will be more confident about tenants making payments on time, which will ...
Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge
Pro-democracy Hong Kong tycoon Jimmy Lai was sentenced today to five years and nine months in prison for fraud, convicted of violating a lease contract for the headquarters of a liberal newspaper he ...
Chinese Developer Sunac Proposes Debt Restructuring
Property giant Sunac China announced plans to restructure debt worth $9.1 billion on Friday, providing hope for the country's beleaguered real estate sector after it wilted under a regulatory ...
Chinese property developer Sunac unveils US$9.1 billion restructuring plan with debt-to-equity swap, dollar bonds
The beleaguered company proposes up to US$4 billion in debt-to-equity swaps, plus issuance of dollar-denominated bonds, in a filing to the Hong Kong stock exchange on Friday.
Hong Kong stocks rise around 3% after reports say city is considering Covid rule easing
Hong Kong's Hang Seng index rose, bucking the trend in the region after local media reported that the city is considering dropping its outdoor mask rule ...