Ordinary people are increasingly being priced out of Hong Kong’s property market, with mortgages eating up almost 70 per cent of monthly incomes and prices surpassing the peak levels of the 1997 ... ( read original story ...)
Hong Kong: Mortgage loans up 7.9%
Residential mortgage loans approved in April increased 7.9% compared with the previous month to $40.2 billion, the Monetary Authority announced today. Mortgage loans financing primary market ... ( read original story ...)
Hong Kong Property Just Hit an All-Time High
In the world’s most-expensive real estate market, the sky’s the limit. Property prices in Hong Kong reached an all-time high Friday after relentless gains over the past three months. Home values in ... ( read original story ...)
Hong Kong’s Property Tycoons Hand Over $109 Billion in Empires to Heirs
The last of Hong Kong’s ‘Big Four’ property dynasties is handing over the reins to a younger generation, completing a flood of successions at family empires worth $109 billion. Lee, who will still ... ( read original story ...)
Hong Kong’s Rosewood hotel offers the luxury of space
The luxuriousness begins with a drive up a curving cobblestoned driveway toward the gleaming golden tower, designed by New York architects Kohn Pedersen Fox Associates to be the flagship of the ... ( read original story ...)
Room for each: Supply catching up with demand in Hong Kong’s high-end hotel market
The St. Regis touts itself as the easternmost luxury property on Hong Kong Island, situated in Wan Chai, an area known for its bars and restaurants. Modelled after the chain’s first location in New ... ( read original story ...)
Hong Kong’s home sales flop for a second consecutive weekend as worsening US-China relations give buyers more cause for pause
Until the unexpected escalation of the trade war, Hong Kong was in the throes of a property bull run, with home prices jumping by about 11 per cent this year, prompting UBS to forecast a rally that ... ( read original story ...)
Expect more property cooling measures in Hong Kong … but don’t expect them to work, says JPMorgan
Hong Kong’s government will keep rolling out cooling measures designed to rein in skyrocketing property prices, even though they have a very limited effect, according to JPMorgan. The American ... ( read original story ...)
Tightened mortgage lending has pushed Hongkongers into arms of cash-rich developers and their expensive property loans
But she needed 40 per cent of its value for a down payment under current mortgage rules. Sales of pre-owned homes surge to eight-year high “We always say Hong Kong’s housing issue is due to lack of ... ( read original story ...)
Reverse mortgage plan pushed for retirees
The Hong Kong Mortgage Corp launched its first reverse mortgage product on life insurance policies, targeting retirees.The Policy Reserve Mortgage Program is introduced as part of HKMC retirement ... ( read original story ...)
Hong Kong property patriarch leaves sons with $64bn question
HONG KONG -- Five years ago, Hong Kong billionaire Lee Shau-kee said he was "retiring gradually" because he was over 80 and "tired." Finally, at 91, the last of the city's four legendary property ... ( read original story ...)
Hong Kong’s property bull run takes a surprise break as Sun Hung Kai’s Park Yoho Napoli flats in Yuen Long fail to sell out
The bull run in Hong Kong’s residential property market took an unexpected break on Saturday when a weekend launch by the city’s biggest developer failed to sell out. Sun Hung Kai Properties (SHKP) ... ( read original story ...)
More mainland Chinese want to buy Hong Kong property: UBS survey
HONG KONG (Reuters) - Hong Kong is the most favorable offshore real estate market for mainland Chinese, despite an escalation in U.S.-China trade tensions and concerns over a controversial extradition ... ( read original story ...)
Hong Kong investors take advantage of a correction in Singapore’s property prices
Hong Kong investors are renewing their interest in Singapore, betting property prices will recover in the second half of this year, according to property consultants. Just 29 homes were sold to Hong ... ( read original story ...)