Tag: property

A 21-year-old man accused of carrying an air gun on a Hong Kong MTR train and stealing a police book on April Fool’s Day was arrested on Monday. The Hongkonger, who is unemployed, was detained at about 6pm after police raided his home in Sheung Shui. ( read original story ...)

The top 10 landlords in Hong Kong – who own about 40,000 property units among them – will benefit from rates waivers of more than HK$256 million (US$32.8 million) this financial year, reigniting criticism the government was once again favouring the rich. ( read original story ...)

“Even if all vehicles from Hong Kong and Macau were visiting Guangdong, we could manage,” he said. Leung, who is now chairman of property giant Nan Fung Group, also said the mainland should set up “trial international health care zones” for Hong ... ( read original story ...)

If economics is all about trade-offs, you are rewarded with capital gain on your property in Hong Kong, not improved quality of home life. But hey, at least you are rich, on paper. ( read original story ...)

Two of Hong Kong’s billionaire property moguls have set new records with the lofty prices they’ve paid for land at the city’s former Kai Tak airport. But in the world’s least affordable housing market, who’s to say they won’t come in for a ... ( read original story ...)

Two of Hong Kong’s billionaire property moguls have set new records with the lofty prices they’ve paid for land at the city’s former Kai Tak airport. But in the world’s least affordable housing market, who’s to say they won’t come in for a ... ( read original story ...)

HONG KONG (Reuters) - Joy City Property Ltd (0207.HK) said on Monday COFCO Property Group Co Ltd (000031.SZ) would buy a controlling 64.18 percent stake in the company from Vibrant Oak Ltd for 14.76 billion yuan ($2.35 billion), as part of a reorganization ... ( read original story ...)

Some Hong Kong retirees are using their Mandatory Provident Fund savings to help their children buy property, according to a survey conducted by the Hong Kong Investment Funds Association. A poll of 600 retired people conducted between July and September ... ( read original story ...)

The Hong Kong Monetary Authority on Thursday morning raised the city’s base lending rate, in lockstep with a similar increase by the US Federal Reserve to defend the local currency’s peg and add upwards pressure to mortgage payments linked to interbank ... ( read original story ...)

DREAMS ON HOLD: 27% of Hong Kong people are convinced that they will not be able to afford a property in Hong Kong in their lifetime LOVE DELAYED: Marriage plans postponed due to high property prices NANO IS THE NEW NORMAL: 'Nano flats' become the new ... ( read original story ...)

Hong Kong’s two largest property agents, Centaline and Midland, enjoyed sharp increases in commission revenue generated in the city last year, as sales of new homes and prices surged to record highs. But market commentators are warning the sector’s ... ( read original story ...)

HONG KONG (Thomson Reuters Foundation) - When Hong Kong property tycoon Cecil Chao offered $65 million to any man who could win over his lesbian daughter and make her straight, he inadvertently laid the ground for her to become one of Asia’s most ... ( read original story ...)

Out of a total population of around 7.36 million, around one in seven people in Hong Kong is now a millionaire, and property is the main investment vehicle. Rising property prices as well as growing stock markets have both contributed to the increase in ... ( read original story ...)

2018 marks the 150th anniversary for RICS. The annual RICS dinner and award presentation ceremony, held 23 March 2018 at the Grand Hyatt Hong Kong, is one of the highlighted events for celebrating this milestone. RICS CEO Dr Sean Tompkins joined the event ... ( read original story ...)