Chinese regulators are trying to stamp out panic over rising home loan risks at banks as a wave of homeowners join a country-wide mortgage boycott of unfinished houses. Hundreds of thousands of buyers ... ( read original story ...)
Chinese property shares slide despite Beijing assurance on mortgage protests
Shares in embattled Chinese property developers fell on Friday as homebuyers' threats to stop mortgage payments on unfinished apartments outweighed Beijing regulators' assurance that local governments ... ( read original story ...)
Chinese homebuyers refuse to pay mortgages on unfinished apartments
Desperate homebuyers across dozens of cities are refusing to pay mortgages on unfinished homes, according to state media reports and economists at international banks. In China, real estate firms are ... ( read original story ...)
Chinese homebuyers call ‘mortgage strike’ over unfinished projects
An unfinished housing project in Hubei Province's Huangshi City. Tens of thousands of home buyers across Chinese say they will refuse to pay their mortgages until developers compl ... ( read original story ...)
Hong Kong to ‘spare no effort’, sets stage for tenfold increase in homes to be built
Hong Kong’s government will sell more land in its fiscal second quarter, increasing the number of homes that can be built on the land tenfold, after the new administration of Chief Executive John Lee ... ( read original story ...)
China property protests threaten to dent $220 billion of banks’ mortgage loans
Chinese banks are set to take a hit to asset quality from mortgage business as growing numbers of homebuyers threaten to stop loan repayments to protest against unfinished apartments, analysts said. ( read original story ...)
China property crisis enters dangerous next phase
China’s property crisis is leaping out of the frying pan and into the fire. Homebuyers in 22 cities are refusing to make mortgage payments on unfinished homes, Citigroup reports. The rare protest ... ( read original story ...)
Hongkong Land’s 1.5°C aligned science-based targets approved
Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land's business is built on excellence, integrity and partnership. The Group owns and ... ( read original story ...)
Home Prices in Hong Kong Estimated to Decline 10 Percent in 2022
According to global property consultant JLL, Hong Kong home sales picked up rapidly in Q2 after the social distancing measures were relaxed in April 2022. ( read original story ...)
Is Hong Kong’s property market turning? Buyers walk away from 21 signed contracts, forfeiting US$1.1 million in deposits amid rising rates
A total of 21 buyers of the project in Cheung Sha Wan failed to complete transactions they agreed to in 2020, says Twin City Holdings The number of terminations in one day is among the highest in ... ( read original story ...)
Hong Kong stocks slip to seven-week low as property worries spread to banks, swamping optimism about quarantine-free travel
Property stocks sank over concern that rising refusals to pay mortgages will affect Chinese banks Stocks had risen earlier following health minister's comments about possible quarantine-free travel by ... ( read original story ...)
Hundreds of Hong Kong land sites with room for at least 20,000 new flats stuck in limbo as owners call for government action
Many ageing flats across the city, built for civil servants, are vacant or being used for storage as land premiums make the sites unattractive for redevelopment Urban Renewal Authority pilot projects ... ( read original story ...)
Covid-19 pandemic hits value of Hong Kong’s subsidised Home Ownership Scheme flats, study shows
according to Hong Kong Metropolitan University's (HKMU) HOS Price Index, the first gauge to reflect subsidised housing price levels. The Centa-City Leading Index, a gauge of lived-in home prices ... ( read original story ...)
Hong Kong’s nano flats: does falling demand point to the end of container-size abodes?
In 2019, 642 such flats sold for a total of HK$2.3 billion, but last year only 307 were sold for a total of about HK$1.5 billion Too early to conclude that we have seen the back of nano flats, think ... ( read original story ...)