The sale by the head of the local mortgage lender surpassed an eight-month-old record to become the most expensive house ever sold in Hong Kong, and came despite a significant slowdown in Hong Kong’s ... ( read original story ...)
Hong Kong Property Discounts Are the Latest Sign the Boom Is Over
Hong Kong developers are offering discounts at new projects in the latest sign the city’s housing boom is coming off the boil. Developers have been offering discounts and enticements including cash re... ( read original story ...)
Hong Kong property giant New World Development taps into lucrative elderly care market in ‘Greater Bay Area’ with HK$1.4 billion investment
Hong Kong property giant New World Development will sail into uncharted waters with a five-year HK$1.4 billion (US$179 million) investment in technological health care services for the ageing populati... ( read original story ...)
Hong Kong Mortgage Corp Plans Infrastructure Funding Next Year
Hong Kong Mortgage Corp., the city’s government-backed home-loan insurer, plans to diversify into infrastructure financing next year. HKMC will first buy loan assets from banks and multilateral lender... ( read original story ...)
Would-be buyers take heart as Hong Kong property market finally begins to cool
HONG KONG (Reuters) - Potential homebuyers priced out of Hong Kong’s stratospheric property market may now feel more hopeful as housing prices finally begin to cool after a bullish stampede ... ( read original story ...)
In latest sign Hong Kong is shifting to a buyer’s market, auctioneers having trouble selling foreclosed homes
Sol City sales fall flat as Hong Kong project launches lose their lustre Another red flag: Lenders are repossessing property more quickly, after four or five months of missed mortgage payments instead ... ( read original story ...)
Hong Kong property agents mustn’t mislead buyers or face disciplinary action by watchdog
Stepping into autumn, a number of new residential properties in Hong Kong have been launched for sale by different property developers. Participating in the sale of these first-hand properties, proper... ( read original story ...)
Hong Kong Housing May Be Headed for a Correction
s head of property and conglomerates research in Asia, citing buyers’ fears for the outlook of both the Hong Kong and Chinese economies. Home prices fell 13 percent during that downturn versus a decli... ( read original story ...)
Here Are Signs Hong Kong Housing May Be Headed for a Correction
Applications recorded the biggest month-on-month drop in 20 years in September, according to Centaline Mortgage Broker Ltd. The number of applications slid 56 percent to 7,977, the Hong Kong Monetary ... ( read original story ...)
Lawmaker takes loan at 18pc interest to buy Hong Kong property
Fox Hu, Shawna Kwan and Benjamin Robertson Just how attractive is Hong Kong property? A recent stock exchange filing shows that some people will continue to pay up for the chance to buy in. Hong Kong ... ( read original story ...)
Hong Kong home prices cool for 2nd straight month as investment conditions worsen
HONG KONG, Oct 31 (Reuters) - Hong Kong private home prices fell for the second straight month in September, as a global stock market rout and an intensifying Sino-U.S. trade war soured sentiment in t... ( read original story ...)
Negative equity returns to Hong Kong as small, older flats’ values drop by 20 per cent in a declining market
Many people who bought flats in the last couple of months have seen their value decline by as much as 20 per cent, according to up-to-date estimates by HSBC, Hong Kong’s largest mortgage provider. Hon... ( read original story ...)
Hong Kong’s New-Home Sales Tumble in First Data Since Rate Rise
Hong Kong’s new-home sales cooled, another sign of weakness in a property market that may be at risk of a correction. The transaction value so far in October is HK$11.2 billion ($1.4 billion), the low... ( read original story ...)
Negative equity returns to Hong Kong as small flats’ value drop by 20 per cent in a declining market
Many people who bought flats in the last couple of months have seen their value decline by as much as 20 per cent, according to up-to-date estimates by HSBC, Hong Kong’s largest mortgage provider. Hon... ( read original story ...)