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Tag: property

Posted on 03/05/2024

Hong Kong property deals double to near 3-year high as scrapping of cooling measures spurs buying demand

Hong Kong’s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.

Posted on 03/05/2024

Hong Kong hopes inclusion of Reits in the Stock Connect scheme could help close gap with Singapore

There are 11 Reits listed on the Hong Kong exchange, and all of them have property assets in Hong Kong and China. “Fund managers welcome the inclusion as it means that there is an expansion in the ...

Posted on 03/05/2024

Wall Street Journal cuts Hong Kong staff, shifts focus to Singapore

The Wall Street Journal has announced staff cuts at its Hong Kong bureau as it shifts its “center of gravity in the region” to Singapore, marking the latest blow to the financial hub’s once-thriving ...

Posted on 03/05/2024

Badly injured man who later died linked to 5 burglaries at remote Hong Kong Sea Ranch estate

Man found lying unconscious with severe head injuries on abandoned mattress at the private pier of Sea Ranch estate early on Wednesday Witness heard loud bang and saw an injured man being carried away ...

Posted on 02/05/2024

China property shares extends gains after government highlights clearing inventory

Representative Image HONG KONG: China property shares extended their gains on Thursday after the government said it would coordinate and improve policies to clear housing inventory and private data ...

Posted on 02/05/2024

HKMA warns high interest rates ‘may last for some time’ as it delays cutting the cost of funds in lockstep with US Fed

Hong Kong’s monetary authority said high interest rates may “last for some time” because America’s inflation remained stubbornly high, a situation which may weigh on the city’s mortgage borrowers, ...

Posted on 01/05/2024

Mainland Chinese companies most active group in Hong Kong’s flagging office rental market, Knight Frank report says

The appetite of mainland Chinese firms for premium space was not enough to stem a steady increase in the vacancy rate as more office premises came online and overall demand shrank.

Posted on 01/05/2024

First to Downgrade EVERGRANDE 3 Yrs Ago, UBS’s John Lam Now Turns Positive on CN Property

Bloomberg reported that John Lam, head of China and Hong Kong property research at UBS, said his view of China's property market has turned positive and expects a gradual recovery ...

Posted on 30/04/2024

Number of Hong Kong mortgage holders with negative equity soars to 20-year high, most since Sars epidemic

Hong Kong’s declining home prices dragged more mortgage borrowers into negative equity, putting them under greater financial strain as property prices show little prospect of rising amid a lethargic ...

Posted on 30/04/2024

Strained Chinese cities struggle to pay home buying subsidies

Amy Wang was counting on a 100,000 yuan ($13,800) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the ...

Posted on 30/04/2024

Chinese property developer Kaisa’s liquidation hearing adjourned to May 27

A Hong Kong court adjourned a hearing to liquidate Kaisa Group to May 27, as the embattled Chinese property developer said it aims to iron out restructuring terms in the coming four weeks.

Posted on 29/04/2024

Chinese property shares rally on stimulus hopes

Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase ...

Posted on 29/04/2024

Hong Kong homebuyers, enticed by big discounts, snap up all flats on offer at Great Eagle’s Onmantin project

On Saturday, 220 of the 260 flats on offer at Onmantin were already sold as of 7pm after the project received 7,500 orders from prospective buyers.

Posted on 27/04/2024

Hong Kong homebuyers, enticed by big discounts, snap up most flats on offer at Great Eagle’s Onmantin project

On Saturday, 220 of the 260 flats on offer at Onmantin were already sold as of 7pm after the project received 7,500 orders from prospective buyers.

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