Tag: property

Then there’s the specter of rising borrowing costs threatening the local housing market and slowing spending in Hong Kong, which last week reported its fastest economic growth since 2011 in the first quarter -- in part on resilient property prices. ( read original story ...)

Hsin Chong Group Holdings Ltd. is set to become the second Asian company to default on its U.S. dollar bonds this year, the latest sign of rising borrowing costs impacting weaker firms’ ability to repay debt. The Hong Kong-listed builder anticipates it ... ( read original story ...)

Hong Kong remains the world’s most luxurious residential property market for two years running, Christie’s International Real Estate declared this week. The severely unaffordable luxe home market set the highest price per square foot among the 80 ... ( read original story ...)

South China Morning Post, a Hong Kong newspaper, is out today with a report on comments made by a former advisor to the Chinese State Council, Xia Bin, who worked as a senior official at the People's Bank of China. Systemic risks are elusive and spread ... ( read original story ...)

Former New York federal prosecutor Patrick Sinclair said that although it was uncommon for foreign property to feature in a bail package, prosecutors’ concerns showed a “lack of familiarity” with Hong Kong’s independent judicial system. He said US ... ( read original story ...)

BANGKOK, 16th May 2018-Property Perfect and Hongkong Land today unveiled an agreement for the joint development of landed residential property projects in Bangkok, Thailand, targeting the upper-income segment with luxury houses priced as high as Bt100 million. ( read original story ...)

Hong Kong’s roaring property market has blown past another record. Sun Hung Kai Properties Ltd. paid HK$25.2 billion ($3.2 billion) for a plot of residential land by the highly sought-after locale near Hong Kong’s former airport, beating out bidders ... ( read original story ...)

HONG KONG property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp ... ( read original story ...)

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 ...)