Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market.Shimao was unable to ... ( read original story ...)
Hong Kong works to resolve housing shortage by developing new areas
Hong Kong has been ranked as the world's least affordable housing market for the 12th consecutive year by the 2022 Demographia International Housing Affordability, an annual report that provides ... ( read original story ...)
Hong Kong’s priciest 2022 home fetches $111M
A six-bedroom mansion in an elite Hong Kong neighborhood has set the year’s record for the priciest home transaction ... ( read original story ...)
Hong Kong at 25: where mainland ‘drifters’ have made their home
Covid-19 travel curbs and a strict national security law are spurring hundreds of thousands to leave Hong Kong, surveys warn But for thousands of gangpiao, or mainland 'drifters' who first arrived to ... ( read original story ...)
We’ve all had enough of Hong Kong’s housing crisis – break the city’s ‘shoebox curse’ or people will leave and never return
To buy an extremely modest flat in Hong Kong you'd need to save every cent you earn for 9 ... it would take at least 12 years to save HK$4 million to buy a 400 sq ft (37 square metre) property in a ... ( read original story ...)
How climate change and overfishing drove this Hong Kong property manager to launch a cell-grown seafood business
Learning how pollution and overfishing are damaging marine ecosystems prompted architect Carrie Chan to launch Avant Meats Having completed proof-of-concept for its lab-grown fish, the start-up is now ... ( read original story ...)
25 ways Hong Kong has changed dramatically since the 1997 handover
While it was inevitable that Hong Kong would become a very different place after the handover, few could have predicted just how different things would be 25 years later. ( read original story ...)
Hong Kong developer Billion fails to sell a single flat at The Horizon project in Tai Po
Not a single transaction was completed for any of the 283 flats on offer at The Horizon and Centra Horizon in Pak Shek Kok as of 8pm on Friday The units, ranging from 407 square feet to 1,866 sq ft, ... ( read original story ...)
Hong Kong’s ‘true democracy’ started after handover to China: President Xi Jinping
President Xi Jinping hailed China's rule over Hong Kong on Friday (Jul 1) as he led the 25th-anniversary celebrations of the city's handover from Britain, insisting that democracy was flourishing. ( read original story ...)
Gone in three hours: Sino Land sells all 238 flats at Lohas Park as buyers rush to get ahead of rising mortgage rates
The frenzy reflected the strong demand for housing in one of the world’s least affordable urban centres, and how quick buyers react to any change in the macroeconomic environment. ( read original story ...)
Hong Kong elite descends on Tokyo for bargain property buys
Investors join luxury real estate tours as yen hits record lows and Bank of Japan sticks to ultra-loose policies ... ( read original story ...)
Hong Kong’s homebuyers snap up Grand Jete’s new flats in Tuen Mun to get ahead of rising mortgage rates
Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs. ( read original story ...)
How the world’s ‘most high-profile kleptocracy case’ didn’t stop the sale of this Hong Kong penthouse
A penthouse in one of Hong Kong’s swankiest property developments sold for $36.5-million to a company linked to Gulnara Karimova, daughter of the late Uzbekistan dictator Islam Karimov – bringing to l ... ( read original story ...)
Evergrande vows to oppose Hong Kong lawsuit from small creditor
China Evergrande said that it would “vigorously” oppose a winding-up petition filed by a small creditor as the world’s most indebted property developer comes under pressure from investors cut out of ... ( read original story ...)