The Hong Kong Monetary Authority (HKMA) issued a guideline to banks last week offering a one-off special mortgage scheme for users of uncompleted residential properties who opt for the stage payment ...
New World faces risk of mounting losses amid Hong Kong property slump
New CEO Huang has to grapple with looming losses on costly projects in a market downturn Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host ...
Beijing is nudging HK’s tycoons to do more for the economy. Will they heed the call?
Central government's explicit calls to action add a layer of complexity to HK entrepreneurs' business strategies. Read more at straitstimes.com.
Hong Kong Housing Market to Reach Equilibrium in Late 2025
According to JLL's latest Residential Market Monitor report, new home inventory is expected to reach a more balanced supply-demand equilibrium by the end of 2025.
Hongkong Land Is Said to Weigh Sale of Singapore Developer MCL
Asian real estate group Hongkong Land Holdings Ltd. is considering selling its closely held property developer arm MCL Land Ltd., according to people with knowledge of the matter.
Hong Kong-Listed Property Manager ESR Group Gets $7 Billion Take-Private Offer
The proposed deal, which values ESR at HK$55.2 billion ($7.1 billion), will be the largest privatization from the Hong Kong stock exchange since 2021 ... ForbesHong Kong-Listed Property Manager ESR ...
Hong Kong property
Located at 101 King’s Road, near Fortress Hill MTR station, the project offers one-to-three-bedroom flats from 244 sq ft to 434 sq ft.
HKMA offers special mortgage policies to help those who bought at property market’s peak
One-off scheme increases loan-to-value ratio of mortgage loans to 80 per cent for those who bought unfinished properties from 2021 to 2023.
China Financial Services’ New Loan Agreement Sparks Interest
China Financial Services Holdings Limited (HK:0605) has released an update. China Financial Services Holdings Limited has announced a discloseable ...
Hong Kong’s ‘Emperor’s Home’ penthouse sold at 68% discount as distressed tycoons divest
We will continue seeing financially pressured owners offloading assets until interest rates come down substantially,’ analyst says ...
Court reduces sentence by 2 years for Hong Kong tycoon Eric Chu, husband of death row convict Truong My Lan
Hong Kong property tycoon Eric Chu, husband of death row convict Truong My Lan, had his prison sentence reduced from 9 years to 7 following an appeal court ruling.
Mortgage Data Firm Appoints Chief Revenue Officer
AI-driven data science firm Redefining Business Intelligence (RBI) is building out its C-suite with several recent appointments. RBI co-founder Pamela Finn has been appointed Chief Revenue Officer ...
Hong Kong court dismisses petition to liquidate Chinese developer Shimao Group
China's Shimao Group said on Monday that the High Court in Hong Kong dismissed a petition seeking the liquidation of the embattled property developer. The petition was filed by China Construction Bank ...
Hong Kong property: Chinese tycoon and Agile chairman Chen Zhuolin loses US$16 million in nine-flat fire sale
Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.