With the Hong Kong property market remaining sluggish there is no need to revive the old land application mechanism.
Chinese property firm Kaisa posts 36.3% increase in losses
But the property crisis in recent years again weakened the firm, with its total debt estimated at 234.5 billion yuan ($33.0 billion) at the end of the first half of 2024, according to a filing to the ...
Hong Kong court convicts 1 person and acquits 6 others in landmark terrorism trial
A Hong Kong court has convicted one person and acquitted six others ... Chun-pong of conspiring to cause explosions likely to endanger life or cause significant property damage. He was acquitted of ...
Hong Kong sales plan for 2024 subsidised flats revealed, but is deal sweet enough to tempt?
The Hong Kong Housing Authority, the city's largest public home provider, on Tuesday approved the Home Ownership Scheme sales arrangement for this year with about 7,132 subsidised homes on offer at a ...
New batch of Hong Kong subsidised flats still good deal even with lower discount, advisers say
The latest batch of subsidised flats will still be attractive to Hong Kong’s low- to middle-income buyers despite the discount being the lowest in six years and a drop in private property prices, ...
Hong Kong’s Old Airport Becomes Symbol of City’s Property Pain
Hong Kong’s Kai Tak Airport was legendary among pilots—who had to thread their way between high-rises to land—and passengers, who gripped their armrests and held their breath as they peered into ...
Hong Kong developers ready 2,800 new flats, await interest-rate catalyst for sales
Property agents predict September sales may quadruple from August's level if the Fed embarks on policy easing as expected Hong Kong developers are poised to launch at least six new projects with a ...
Hong Kong property leaders support leaving abolished land sale mechanism in the past
Development minister Bernadette Linn earlier said authorities had no plans to bring back application-based land sale mechanism axed in 2013.
Hong Kong landlord to appeal proceedings halt over bid to evict private estate tenants
Housing corporation says it will challenge court's rejection of request to fast track proceedings in cases against Tai Hang Sai Estate tenants The corporation overseeing Hong Kong's only private ...
Team tasked with regulating Hong Kong’s subdivided flats submits proposal for minimum living standards
A government-appointed task force has proposed introducing minimum living standards for Hong Kong’s notorious subdivided flats as part of government efforts to phase out “low-quality” units in a city ...
Chinese uber-influencer ‘Crazy Xiaoyangge’ rents office for creator firm in Hong Kong
Three Sheep rents a 5,570 sq ft office for around US$23,000 a month as agents note an uptick in inquiries from mainland-based companies.
Hong Kong Jockey Club can decide prime site’s use, authorities say, after flats plan sparks concern
Jockey Club plans to redevelop sports complex in Happy Valley into three 21-storey residential blocks The Hong Kong Jockey Club is not required to pay a land premium for redeveloping a sports complex ...
Henderson Land earnings cut in half amid downbeat Hong Kong property, retail markets
Hong Kong developer Henderson Land’s first-half earnings nearly halved as a subdued office property segment continued to weigh on office rents amid high interest rates, geopolitical tensions and a ...
Hong Kong property transaction volumes to drop by 19% in 2024
Investments are expected to reach HKD20b in the second half of the year. Commercial real estate investment sentiment in Hong Kong remained subdued in Q2. According to a Colliers report, despite an ...