Tag: property

China’s HNA Group sent shockwaves in the property-obsessed city in late 2016 when it outbid local and mainland developers at nearly double the market forecast in its first land purchase in Hong Kong. It later bought three more land parcels in the same ... ( read original story ...)

His son, Ma Kiu Sang, told the Post that property now accounts for about 80 per cent of the family’s assets. “I’ve long noticed that buying shops and collecting rents is rather stable and can gain a lot in Hong Kong,” said Ma Ah Muk ... ( read original story ...)

Hong Kong’s property market is so dominated by the local elite property developers – the so-called big boys – that it’s often thought these developers will never be usurped from their positions of power, or that their ranks will ever change. ( read original story ...)

according to data from Centaline Property Agency. The flats currently go for about HK$4.7 million per unit. City-wide, while Hong Kong’s private homes roughly doubled in value between 2010 and 2017, the price of a parking spot in residential complexes ... ( read original story ...)

4. Nicholas Tse Ting-fung Another artist who has bought his parents property as a gift is Nicholas Tse, who in 2017 bought a HK$85 million flat at The Somerset in Repulse Bay, on Hong Kong Island’s upscale South Side, for his father, Patrick Tse Yin. ( read original story ...)

Hong Kong homes are over-valued, a warning echoed by the IMF's ... ultra-low interest rates and an influx of capital, property prices have soared beyond the affordability of ordinary citizens,” Financial Secretary Paul Chan then warned. ( read original story ...)

ROBINSONS Land Corp. (RLC) has partnered with Hongkong Land Group (HKLG) for the development of real estate projects in the country, starting with a P5.6-billion residential property in Pasig City. The Gokongwei-led property developer disclosed to the ... ( read original story ...)

The acquisition offer, announced on Monday, came as private home prices in the world’s least affordable property market continued to rise for two straight years as of the end of March. Economist Andy Kwan Cheuk-chiu said after the redevelopment ... ( read original story ...)

Higher rates are likely to calm Hong Kong's frothy property market. Interbank lending is getting more expensive after a decade-long slump, pointing to costlier mortgages and slower price growth. This will be manageable for banks and developers, and welcome ... ( read original story ...)

has announced a new contract with Hong Kong-based luxury hospitality and commercial property group The Hongkong and Shanghai Hotels Limited (HSH). The two companies will collaborate to centralise data and simplify business processes for HSH. "We are ... ( read original story ...)

HONG KONG (Reuters) - Hong Kong’s richest man ... a conglomerate that employs 323,000 employees and has assets in more than 50 countries spanning property, power, telecoms and oil. At the AGMs for his flagship firm CK Hutchison Holdings (0001.HK ... ( read original story ...)

A Hong Kong property firm is planning to attract NGO tenants with low rent to revive some of the 17 shopping centres bought from the Link Reit, the company said on Wednesday, rejecting suspicions it was a speculator. Gaw Capital Partners led a consortium ... ( read original story ...)

HONG KONG (Reuters Breakingviews) - Higher rates are likely to calm Hong Kong’s frothy property market. Interbank lending is getting more expensive after a decade-long slump, pointing to costlier mortgages and slower price growth. This will be manageable ... ( read original story ...)

The government could quite easily tax developers who hoard completed flats, analysts and property consultants said on Friday, but if it stops there and ignores homeowners doing the same thing, the policy will do little to ease Hong Kong’s acute housing ... ( read original story ...)