In the group’s investment property segment, Hongkong Land’s central office portfolio vacancy stood at 7.6%, compared to 12.2% for the overall central district grade A office market.
Lui Che-woo, Hong Kong property and casino magnate of K. Wah and Galaxy, dies at age 95
Lui Che-woo (pic), who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95.
Hong Kong residential property prices to rebound next year, though unsold inventory looms
Residential property prices in Hong Kong are set to rebound next year thanks in large part to lower interest rates, though a large cache of unsold inventory will keep a cap on gains. “We expect Hong ...
DBS Bank buys entire 75th floor in The Center, extending foray into Hong Kong property market
DBS Group Holdings, Singapore’s biggest lender, is taking advantage of a property slump to expand its business in Hong Kong by picking more office space in what used to be the world’s most expensive ...
Hong Kong home sales surge to 5-month high as easier mortgage rules take effect
Lower mortgage rates lifted home sales in Hong Kong to their highest point in five months in October, reversing a two-month decline, according to Land Registry data. A total of 4,697 new and lived-in ...
Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents
Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions Hong Kong's diverging housing rents and home prices are ...
Singapore opportunities could shine in Hongkong Land’s remaking
SEVEN months into the job, chief executive Michael Smith is stirring things up at Jardine Matheson Group’s 135-year-old Hongkong Land. Read more at The Business Times.
Hong Kong homebuyers give the cold shoulder to New World-led Pavilia Forest II
Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 18 units out of 58 flats on offer.
Hong Kong’s third-quarter negative-equity cases jump 34% to a 21-year high of 40,713
Hong Kong’s mortgage borrowers find themselves in increasingly dire straits, as the worth of their property is falling faster than the value of their loans, according to the latest data released by ...
Hong Kong stocks rise as China property sales return to growth
Hong Kong stocks rose, paring back a loss for the week, after property sales in China returned to growth for the first time this year, adding to evidence of stabilisation in the world’s second-largest ...
Hong Kong’s Underwater Mortgages Hit 22-Year High on Weak Market
The value of mortgages in Hong Kong that have exceeded the worth of the homes jumped to the highest level in more than two decades as the city’s property market continues to struggle.
Hong Kong’s failed land tender reflects weak outlook, derails urban renewal efforts
Hong Kong’s failure to sell a commercial site in Kowloon City this week represents a twin blow to the property market. The lone bid from CK Asset Holdings showed developers remained guarded on the ...
Hong Kong home foreclosures rise and will remain elevated in fourth quarter: Centaline
Home foreclosures in Hong Kong have risen for two quarters in a row and are expected to increase again in the coming period, Centaline Property said, as property transactions experience an uptick.
Hongkong Land seeks US$10 billion from asset sales as Jardine eyes ‘ultra-premium’ market
The strategic shift may come under scrutiny after a top level meeting this week between Xia Baolong and Jardine Matheson’s Benjamin Keswick.