China’s financial tightening has crippled outbound real estate investment this year to its lowest level since 2015, even as investment towards Hong Kong outperformed and the city emerged as the only b... ( read original story ...)
China’s property outbound investment in first-half hits lowest since 2015: property consultancy
HONG KONG (Reuters) - China’s real estate outbound investment in the first six months fell to its lowest level since 2015, property consultancy firm Cushman & Wakefield (CWK.N) said in a report, mainl... ( read original story ...)
Residential Mortgage Survey Results for June 2018
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for June 2018. The number of mor... ( read original story ...)
Hong Kong home prices hit another record, but could face headwinds
A 650-square-foot flat on Hong Kong Island would cost nearly HK$11.5 million ($1.47 million), according to calculations using June data from property agency Midland Realty. But after a 27-month-long r... ( read original story ...)
Macau casino heiress pays HK$900 million for Peak mansion in Asia’s second-costliest property
She ranks as the second richest woman in Hong Kong, trailing Kingston Financial Group’s Pollyanna Chu Yuet Wah, with a net worth of US$12 billion, according to Forbes. Ho been managing director of Shu... ( read original story ...)
Hong Kong director share buying falls, but property firms still top list of buy-backs
Hong Kong company directors may be experiencing buying fatigue after recording heavy purchases of their own companies’ shares in recent weeks, with activity falling for a second straight week, althoug... ( read original story ...)
Hong Kong Monetary Authority Reveals Life Annuity Scheme
HKMC Annuity Limited (HKMCA), wholly-owned by The Hong Kong Mortgage Corporation Limited (HKMC), launched the HKMC Annuity Plan in early July. According to the HKMA, HKMCA is prepared to double the fi... ( read original story ...)
Is Hong Kong mocking the elderly poor with half-hearted pension scheme?
The minimum entry fee to join the scheme, launched by the Hong Kong Mortgage Corporation, is HK$50,000, which means that retirees from the lower income group would be unable to join, as they would be ... ( read original story ...)
Messed-Up Math in Hong Kong’s Roaring Office Property Market
Hong Kong’s gleaming office towers may be some of the world’s worst investments, judged by their rental yields compared with government bonds. The buyers that matter most don’t really care. Chinese in... ( read original story ...)
The Messed-Up Math of Hong Kong’s Roaring Office Property Market
Hong Kong’s gleaming office towers may be some of the world’s worst investments, judged by their rental yields compared with government bonds. The buyers that matter most don’t really care. Chinese in... ( read original story ...)
Hong Kong Commercial Property Sectors Gain Steam in 2018
According to the latest Property Market Monitor released by JLL, office rents overall in Hong Kong grew 0.9% month-over-month in June 2018, bringing growth for the first half of 2018 up to 3.6%. Centr... ( read original story ...)
Meet the new wave of buyers who could keep the heat in Hong Kong’s property market
A ‘new wave’ of buyers in the form of moneyed professionals from mainland China is set to bring their purchasing power to Hong Kong’s property market, potentially boosting demand for housing – and hou... ( read original story ...)
Home ownership a life goal for most Hong Kong students, with ‘Bank of Mum and Dad’ expected to pay for it, survey finds
Most young people in Hong Kong look at buying a property as a life goal, and about half consider their parents duty-bound to help them achieve that dream, according to a survey by the insurer Sun Life ... ( read original story ...)
Record-breaking sale of HK$10 million subsidised flat prompts calls for further public housing restrictions in Hong Kong
Hong Kong’s subsidised housing market is setting fresh records, with a government-built flat being sold for more than HK$10 million (US$1.27 million), despite new measures aimed at taming runaway prop... ( read original story ...)