Tag: property

Hong Kong’s “playboy” property tycoon Cecil Chao Sze-tsung has called on the government to source more land to build affordable flats to ease the city’s housing crisis, even at the cost of private developers’ share of the pie. Speaking to the ... ( read original story ...)

Wheelock & Co., which last week kicked off Hong Kong’s first large-scale sale of residential property this year, is poised to extend the success of its campaign for the second week running. A third batch of the developer’s Malibu apartment complex at ... ( read original story ...)

Policymakers are studying the possibility of imposing a vacancy tax on property owners hoarding empty flats as the latest measure to tackle space-starved Hong Kong’s acute housing shortage. Financial Secretary Paul Chan Mo-po revealed on Thursday that ... ( read original story ...)

The Hong Kong Mortgage Corporation reported its mortgage business volume rose 30 per cent last year to HK$32.3 billion, indicating that homebuyers were relying on the government-owned body for financial support as local property prices soar into the ... ( read original story ...)

A Hong Kong property tycoon known as the “King of Shell Companies,” whose name appears in the Offshore Leaks database of tax haven clients, is trying to sell a house in Vancouver Westside for $18.88 million after buying it just three months ago for $14 ... ( read original story ...)

Property developer Greenland Hong Kong has moved into the fast-growing Chinese markets for health care and care for the elderly, with plans to open clinics and rehabilitation communities as it accelerates its diversification out of real estate. Chen Jun ... ( read original story ...)

Hong Kong’s housing market is showing no sign of slowing, as a throng of 9,800 prospective buyers vied to get their hands on the biggest launch of newly built apartments this year, before the city’s mortgage payments rise in tandem with higher interest ... ( read original story ...)

While HNA has reason to be pleased, the buyers also look like they're on to a good thing. There's little immediate threat to Hong Kong's ultra-low mortgage rates, and government attempts to cool the market with measures such as higher taxes and down ... ( read original story ...)

Hong Kong’s rail operator denied it was becoming a property developer after it announced on Thursday a 64 per cent rise in net profit to hit HK$16.8 billion (US$2.1 billion) for 2017, thanks to bumper earnings from its property portfolio. Less than one ... ( read original story ...)

paying Silvercore Inc. $201-million for the property at 5799 Yonge St. in North York. This is the third and largest project announced so far in Canada by the Hong Kong-based company; it has two other projects in Vancouver. Aoyuan has 100 properties – a ... ( read original story ...)

HKMC Annuity is a unit of the government-owned Hong Kong Mortgage Corporation. It will collect the money from buyers of the annuity, up to the maximum HK$10 billion allowed, and will invest the money to provide the guaranteed monthly payments. It will ... ( read original story ...)

Residential property – and the lack of it – is never out of the news for long in Hong Kong. In recent times, the big issues have been the housing affordability crisis, the individuals and families forced to live in often squalid subdivided flats ... ( read original story ...)

The government needs to stop property developers using opaque sales tactics and stockpiling flats to push up prices amid skyrocketing housing costs in space-starved Hong Kong, experts said on Thursday. The strategies, raised by Financial Secretary Paul ... ( read original story ...)

Hong Kong’s land sales are set to become more transparent with the government undertaking to reveal all bids by developers to address long running concerns about inflated prices and their impact on the red hot property market. Development Secretary ... ( read original story ...)