The 308 cases in the first half have already exceeded last year’s total of 261, according to Centaline. But buyers could be chased down by developers to pay the difference in resale prices, agent ...
City should jail takeover cheats, says wronged Hong Kong tycoon
“The panel needs more teeth,” said Anson Chan, a Hong Kong property tycoon who is a director of Pyrrho. “Where people are determined to have lied to the panel deliberately it should be criminal ...
Landlords in New Territories are big winners amid Hong Kong’s property market gloom
Landlords in New Territories are probably the happiest lot as demand lifts rents to multi-year highs, a bright spot amid an otherwise gloomy property market An influx of students and working ...
Hong Kong residential transactions drop 30% to 3,856 in June
Residential prices are not expected to rebound until the mortgage rate falls to about 3%. After the withdrawal of cooling measures, Knight Frank said in a report that the pace of buyers entering the ...
Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak: sources
SPANISH fast-fashion label Mango has rented a 19,000-square-foot (sq ft) store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest in a slew of global brands ...
Hong Kong maintains growth forecast for 2024 as economy expands 3.3% in second quarter
Economy should continue to grow for remainder of the year, but faces challenges such as geopolitical tensions, government says.
Unloved Hong Kong Luxury Tower Spawns Wildly Popular Debt Deal
Almost no one wants to live at The Corniche, an opulent apartment complex looking out over the South China Sea. But the debt tied to its construction has proved hugely attractive for private credit ...
Hong Kong developer Wang On prices Finnie in Quarry Bay at 3-year low, 32% discount
Hong Kong’s property market has been weighed down by high interest rates, which remain at a 23-year high. The government’s efforts to revive home sales through the removal of decade-old curbs in ...
Sun Hung Kai Credit extends its gratitude to all 2024 Hong Kong Olympians by providing exclusive offer to celebrate their remarkable achievements
Hong Kong athletes have delivered exceptional performances at the 2024 Paris Olympics, achieving the city's best-ever results. Sun Hung Kai Credit, like all Hong Kong citizens, is thrilled to cheer on ...
Chinese developer Agile’s chairman Chen Zhuolin sells Hong Kong flat at 54% loss
The 1,239 sq ft three-bedroom flat in Hamburg Villa in Kowloon Tong was sold for HK$14.3 million, 54 per cent less than the HK$31 million paid in 2018, agent says.
Hong Kong’s collapsing land sales threaten city’s funding model
HONG Kong’s real estate slump is choking off one of the financial hub’s most important sources of government revenue. Read more at The Business Times.
Hong Kong homebuyers spoiled for choice as 10,000 more flats to hit market this year
New flats made available this year will total nearly 20,000, according to Midland Realty, as developers pin hopes on a rate cut to spur sales.
Raising revenue from land: what African cities might learn from Hong Kong’s unique land-lease system
African countries can learn a lot from Hong Kong on how to use the gains from rising urban land prices to fund infrastructure and other public services.
Hong Kong’s Distressed Mansion Sales Driven by Cash-Rich Buyers
Hong Kong’s recent streak of distressed luxury property sales should persist through the rest of the year, helped by buyers flush with cash, according to Savills Plc brokers. The market is “dominated” ...