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Tag: property

Posted on 20/08/2024

Hong Kong’s home buyers would rather forfeit their deposits than pay above-market prices

The 308 cases in the first half of the year have already exceeded last year's total of 261, according to data from Centaline The number of new-home buyers who have forfeited their deposits has jumped ...

Posted on 20/08/2024

Hong Kong property buyers willing to forfeit deposits than pay above-market prices

The 308 cases in the first half have already exceeded last year’s total of 261, according to Centaline. But buyers could be chased down by developers to pay the difference in resale prices, agent ...

Posted on 19/08/2024

City should jail takeover cheats, says wronged Hong Kong tycoon

“The panel needs more teeth,” said Anson Chan, a Hong Kong property tycoon who is a director of Pyrrho. “Where people are determined to have lied to the panel deliberately it should be criminal ...

Posted on 19/08/2024

Landlords in New Territories are big winners amid Hong Kong’s property market gloom

Landlords in New Territories are probably the happiest lot as demand lifts rents to multi-year highs, a bright spot amid an otherwise gloomy property market An influx of students and working ...

Posted on 18/08/2024

Hong Kong residential transactions drop 30% to 3,856 in June

Residential prices are not expected to rebound until the mortgage rate falls to about 3%. After the withdrawal of cooling measures, Knight Frank said in a report that the pace of buyers entering the ...

Posted on 18/08/2024

Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak: sources

SPANISH fast-fashion label Mango has rented a 19,000-square-foot (sq ft) store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest in a slew of global brands ...

Posted on 17/08/2024

Hong Kong maintains growth forecast for 2024 as economy expands 3.3% in second quarter

Economy should continue to grow for remainder of the year, but faces challenges such as geopolitical tensions, government says.

Posted on 15/08/2024

Unloved Hong Kong Luxury Tower Spawns Wildly Popular Debt Deal

Almost no one wants to live at The Corniche, an opulent apartment complex looking out over the South China Sea. But the debt tied to its construction has proved hugely attractive for private credit ...

Posted on 14/08/2024

Hong Kong developer Wang On prices Finnie in Quarry Bay at 3-year low, 32% discount

Hong Kong’s property market has been weighed down by high interest rates, which remain at a 23-year high. The government’s efforts to revive home sales through the removal of decade-old curbs in ...

Posted on 14/08/2024

Sun Hung Kai Credit extends its gratitude to all 2024 Hong Kong Olympians by providing exclusive offer to celebrate their remarkable achievements

Hong Kong athletes have delivered exceptional performances at the 2024 Paris Olympics, achieving the city's best-ever results. Sun Hung Kai Credit, like all Hong Kong citizens, is thrilled to cheer on ...

Posted on 13/08/2024

Chinese developer Agile’s chairman Chen Zhuolin sells Hong Kong flat at 54% loss

The 1,239 sq ft three-bedroom flat in Hamburg Villa in Kowloon Tong was sold for HK$14.3 million, 54 per cent less than the HK$31 million paid in 2018, agent says.

Posted on 13/08/2024

Hong Kong’s collapsing land sales threaten city’s funding model

HONG Kong’s real estate slump is choking off one of the financial hub’s most important sources of government revenue. Read more at The Business Times.

Posted on 12/08/2024

Hong Kong homebuyers spoiled for choice as 10,000 more flats to hit market this year

New flats made available this year will total nearly 20,000, according to Midland Realty, as developers pin hopes on a rate cut to spur sales.

Posted on 11/08/2024

Raising revenue from land: what African cities might learn from Hong Kong’s unique land-lease system

African countries can learn a lot from Hong Kong on how to use the gains from rising urban land prices to fund infrastructure and other public services.

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