Do what it may, the Hong Kong government seems powerless to rein in the territory’s booming property market. In January, the city was judged the world’s least affordable by US planning consultancy Demographia for the eighth successive year (the survey ... ( read original story ...)
Sky-high Hong Kong: can anything stop property price boom?
Do what it may, the Hong Kong government seems powerless to rein in the territory’s booming property market. In January, the city was judged the world’s least affordable by US planning consultancy Demographia for the eighth successive year (the survey ... ( read original story ...)
Sky-high Hong Kong: can anything stop the boom in property prices?
Do what it may, the Hong Kong government seems powerless to rein in the territory’s booming property market. In January, the city was judged the world’s least affordable by US planning consultancy Demographia for the eighth successive year (the survey ... ( read original story ...)
HNA property unit pledges 41 percent stake as collateral for loan
HONG KONG (Reuters) - A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the Chinese conglomerate to address a liquidity crunch. ( read original story ...)
HNA’s Hong Kong Property Sale Eases the Pain of Shrinking
Who Is Liable To Pay For Rs 11,000-Crore Fraud At PNB? The Nirav Modi Case: How The $1.8 Billion Fraud Detected At PNB Unfolded No More Lies: An Ultimatum for India's Banks MSCI, India's Singapore Ban Just Handed You a Big Whip Ex-Clerk From Noida, Lady ... ( read original story ...)
Surging Hong Kong Drove $158B Asia Pacific Property Deal Peak in 2017
Hong Kong shouldered aside Tokyo to take the crown as the most active metropolitan investment market in Asia Pacific last year, with deals for income-producing assets jumping 39 percent year-on-year to $20.9 billion, according to a new report by Real ... ( read original story ...)
Beware risks of buying property overseas, Consumer Council warns Hongkongers
A Hong Kong buyer shelled out close to HK$400,000 for a down payment on a property in the UK but last July, two months before it was due to be completed, the site lay empty and deserted. In September, the buyer learned that the developer, sunken by debt ... ( read original story ...)
Brands in Hong Kong expand again as retail sales recover
“The outlook for the jeweler sector in Hong Kong this year is positive against the backdrop of a recovering economy in mainland China ... and the booming stock and property markets that create a positive wealth effect,” the company said in a statement ... ( read original story ...)
Think Hong Kong property is expensive? Sydney’s One Barangaroo reaches HK$612million
Australia’s most exclusive houses near Sydney Harbour are being marketed to Hong Kong and Chinese investors from a whopping HK$66.13 million to a penthouse priced at HK$612 million. One Barangaroo, developed by Crown Resorts, is billed as Australia’s ... ( read original story ...)
Trial scheme allows 15 young buyers to snap up Hong Kong flats with ‘super low’ down payments
Only those aged between 25 and 35, who were permanent residents and had never owned property in Hong Kong, were eligible for the scheme, called the NewGen First Home Program. Prices at the 27-storey tower ranged from HK$5.87 million (US$752, 500 ... ( read original story ...)
Chinese Mainland, Not Hong Kong, Faces Big Property Bubble, Expert Says
The Chinese mainland faces a bigger property bubble than Hong Kong, reflecting the mainland’s excessive construction, over-borrowing and misalignment of home prices and purchasing power, said Shih Wing-ching, founder of Centaline Property Agency. ( read original story ...)
Is Hong Kong Real Estate About To Crash?
“Peter, is there going to be another property crash in Hong Kong?” I get asked this question often. It’s understandable. Many people are worried the residential property market in Hong Kong is overheating. And it has certainly gone up. It saw a ... ( read original story ...)
Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam on Monday rejected calls by lawmakers to relax mortgage policies, and said the city’s property market was still too overheated for any such relaxation. The authority, Hong Kong’s de facto ... ( read original story ...)
Property in Indonesia: Astra & Hongkong Land to Launch New Project
Astra International, one of Indonesia's largest diversified conglomerates, announced it will develop a luxurious residential apartment complex, called Arumaya, in South Jakarta in cooperation with Hongkong Land, a Hong Kong-based multinational property ... ( read original story ...)