Tag: property

“In Hong Kong, Legco’s approval is necessary for imposing any tax ... But real estate and construction sector lawmaker Abraham Razack said it would be unfair to target property developers’ new flats, arguing that only 3,000 were actually vacant. ( read original story ...)

Hong Kong’s real estate is the most expensive in the world, with median house prices at 19.4 times median incomes, the worst ratio globally according to the Annual Demographia International Housing Affordability Survey 2018. Property prices have been ... ( read original story ...)

Hong Kong’s soaring property prices no longer shock people, but there was still a jaw-dropping moment last week when a car parking space was sold for an astonishing HK$6 million (US$760,000). Chan’s heads-up and Lam’s support have sent the latest ... ( read original story ...)

But for others the golf course is fair game and a visceral symbol of Hong Kong's inequalities, set against the backdrop of spiralling property prices and rents which force many residents to cram into tiny homes. Chanting "Land belongs to the people!" ( read original story ...)

Hong Kong directors’ buying of shares in their own companies was high for a third week in the June 4 to June 8 period, with executives at property firms Sun Hung Kai Properties and Future Land Development prominent amid bullish sentiment over the city ... ( read original story ...)

HONG KONG (Reuters) - Chinese property companies are increasingly tapping expensive mezzanine loans as they seek out higher returns, a trend that could undermine government efforts to cool the country’s booming real estate sector and rein in debt. ( read original story ...)

According to JLL's latest Property Market Monitor, rents in Hong Kong's office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market. Overall, rents climbed 1.1% month-over-month in April ... ( read original story ...)

Hong Kong property giant CK Asset Holdings plans to redevelop its 44-year-old Hutchison House office tower in the city’s Central district, a move that could triple the property’s value in the latest reshuffle of assets by the conglomerate after the ... ( read original story ...)

The fast-growing Hong Kong property market has ballooned in the past few years. Over the six months ended February 2018, Hong Kong home prices rose 6.9%. Colliers International estimates that mass residential property prices are likely to increase by 8% to ... ( read original story ...)

Prices of secondary-market homes in Hong Kong rose in April, marking the 25th consecutive month of increases for one of the most unaffordable residential property markets in the world, the South China Morning Post reported. Many Hong Kong property seekers ... ( read original story ...)

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 April 2018. The number of mortgage applications in April increased month-on-month by ... ( read original story ...)

according to property agency Ricacorp. The financial hub has one of the least affordable housing markets in the world, with flat prices doubling between 2010 and 2017. A small flat under 40 square meters (431 square feet) on Hong Kong Island costs an ... ( read original story ...)

He was speaking on the sidelines of the CFA Institute’s annual conference in Hong Kong on Monday. Market volatility has not quelled the appetite for risk, with subprime mortgages back in demand The one pocket of financial market anomaly in the US was ... ( read original story ...)

Hong Kong’s residential market maintained its pace, as millennial buyers rushed to get their hands on the latest available sales launches over the weekend before higher mortgage rates kick in later in the year. Sun Hung Kai Properties had sold 36 of the ... ( read original story ...)