Tech takes a breather after a 5 per cent surge on Wednesday as Alibaba, Tencent lead peers lower; gains in PetroChina, CNOOC temper losses An index tracking mainland developers slumps by the most in a ... ( read original story ...)
Does Carrie Lam’s ambitious plan to overhaul the Hong Kong government go far enough?
Some critics ask whether combining housing and development, for example, would better position government to tackle housing shortage. ( read original story ...)
Kerry Properties becomes latest Hong Kong developer to make huge land acquisition in China
Hong Kong developers are boosting their land holdings in China, taking advantage of weaker competition from their debt-stricken mainland rivals to pick up choice assets at auctions. ( read original story ...)
Wealthy Hong Kong buyers opt for multiple units in new developments as they seek larger space, amenities
Buyers are spending huge amounts on multiple flats in new projects from Pak Shek Kok in Tai Po to South Land in Wong Chuk Hang despite the extra 15 per cent stamp duty A buyer spent HK$131.84 million ... ( read original story ...)
Another big Chinese real estate developer might need to sell off property
Over the weekend, the Chinese media outlet Caixin reported that Shimao has put on sale all of its domestic real estate projects as the cash-strapped firm scrambles to dispose of a ... ( read original story ...)
Hong Kong Home Prices to Fall As Residents Leave, UBS Says
Hong Kong’s home prices are set to decline in 2022 as residents continue to leave the city, according to UBS Group AG. ( read original story ...)
Hong Kong to close primary schools, may vaccinate children
Hong Kong is reimposing some of its strictest virus curbs since the pandemic began, putting fresh strain on the financial hub’s economy. ( read original story ...)
Shimao pushes back on media reports, says it’s in talks for property sales to help resolve debt crisis
Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and sales of prime property. ( read original story ...)
What to do when a bank calls your mortgage loan? Don’t panic. The problem can be easily fixed
Recently banks have been known to call or terminate a mortgage loan when you are in breach of the declared use of property and engage in cryptocurrency trading If the bank calls your mortgage loan, ... ( read original story ...)
Developer Shimao’s fire sale, new rating cuts keep China property on edge
Shanghai-based developer Shimao has put all its projects on sale, local media reported on Monday, and more Chinese property firms suffered credit rating cuts, leaving markets torn between hopes a ... ( read original story ...)
Hong Kong stocks rise to 4-week high on tech, property boost
Hong Kong stocks rose to a four-week high on Monday, helped by a jump in technology shares and a rebound in property plays. ** The Hang Seng index rose 1.1%, to 23,746.54, while the China Enterprises ... ( read original story ...)
Why Hong Kong housing and office markets are facing very different supply shocks
The city's office market is about to contend with a rare wave of new supply that will put the leasing market under renewed pressure The housing market, meanwhile, is struggling to overcome a dearth of ... ( read original story ...)
Demand for commercial real estate is picking up in Hong Kong, says JLL
Gavin Morgan of the real estate firm says it's "cautiously optimistic" on Hong Kong's commercial property market and discusses how the hybrid work model has affected the sector. ( read original story ...)
Shimao puts residential projects on sale as China property woes deepen
Shimao has put all its projects on sale, local media reported, as Chinese property developers face mounting pressure to negotiate with their creditors to ease a liquidity squeeze in the sector that is ... ( read original story ...)