Mainland Chinese buyers are observed to have accounted for around 70% of recent primary sales of luxury residential properties worth HKD 30 million or above, rebounding from less than 50% before the ...
China’s property crisis hits small regional banks harder than big players
In terms of the scale of bad property debts, some institutions saw even larger increases. At the top of the list is Bank of Qingdao, headquartered in Shandong province, near Liaoning, which suffered a ...
Hong Kong an outlier in making life easier for foreign homebuyers
Hong Kong’s move to scrap long-standing cooling measures in February was a breath of fresh air at a time when other markets are turning inward. The city deserves credit for adopting a contentious ...
Another big Chinese property developer faces a liquidation suit
Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank, in yet another instance of creditors taking legal action to ...
Chinese state-owned bank seeks liquidation of property developer Shimao
Steps taken in Hong Kong by China Construction Bank signal creditors’ growing impatience with struggling sector ...
China property giant Shimao faces winding-up case
China's crisis-hit property market has been dealt a fresh blow as major real estate developer Shimao Group has been hit with a winding-up petition. State-owned China Construction Bank (Asia) filed the ...
Hong Kong property sales hit 10-month high in March, agents say momentum to continue this month
Hong Kong property sales rose to a 10-month high in March, surpassing 5,000 deals a month after the government lifted all property cooling measures, data from the government shows.
Hong Kong fast-tracks building of intellectual property trading center
Hong Kong will roll out a slew of measures including tax relief to shore up the region intellectual property trade Financial Secretary of the Hong Ko ...
Value of residential mortgage lending in Hong Kong 2016-2023
Value of residential mortgage lending from authorized banking institutions in Hong Kong from 2016 to 2023 (in trillion Hong Kong dollars) Characteristic Mortgage loan value in trillion Hong Kong ...
CK Asset’s Blue Coast flats are 65 times oversold as buyers snap up discounts in Hong Kong’s biggest home launch this year
The launch of Blue Coast marks the biggest residential offering since the city government removed property curbs and relaxed its mortgage policies in February.
‘I feel guilty for leaving my wife alone’:Truong My Lan’s Hong Kong tycoon husband
Hong Kong property tycoon Eric Chu has told the court he felt guilty about letting his wife Truong My Lan do business by herself and pleaded with it not to sentence her to death. In his final ...
Hong Kong sees 57.2 per cent jump in property sales in March
Property sales in Hong Kong rose 57.2 per cent in March from the previous month, a clear sign that the market was largely buoyed by the government's lifting of all property cooling measures in its ...
Hong Kong’s new home sales hit 11-year high after removal of property curbs
HONG KONG - Hong Kong’s new home transactions hit an 11-year high in March, an encouraging sign for the beaten-down property market after the government lifted cooling measures. There were about 4,170 ...
380 households at Hong Kong public rental estates own private flats, official check finds
Housing Authority reveals figures as part of audit of 88,000 tenants carried out in October and November last year It also orders another 250,000 households to declare whether they own any local ...