A former chauffeur has been jailed for 5½ years for aiding and abetting his parents to kill themselves by jumping off a 13-storey building in a failed suicide pact. Lau Ka-wai, 42, pleaded guilty ... ( read original story ...)
Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run out of patience
Evergrande can only watch as receivers of its Hong Kong headquarters building in Wan Chai engage Savills to put the asset on the market to recover debt. ( read original story ...)
How Hong Kong homebuyers have seen their purchasing power shrink by HK$1 million since January
The erosion in buying power comes after increases in both the Hibor and banks' prime rates HKMA on Friday relaxed its stress-test requirements for new mortgage borrowers by 100 basis points Owning a ... ( read original story ...)
Hong Kong Mortgage Costs Spiking With 97% on Floating Rates
Almost all homebuyers in the world’s least affordable housing market are tied to a floating interest rate, making the city’s property market among the most vulnerable to tightening monetary policies. ( read original story ...)
Hong Kong Billionaire’s K. Wah Wins Shanghai Real Estate Bid, Sees “Excellent” Opportunity
K. Wah, though a subsidiary, will hold 60% of a joint venture in partnership with two state-owned companies to develop residential and commercial property in an area planned for artificial ... ( read original story ...)
Hong Kong Lowers Buyer Stress Test Requirement for Mortgages
The Hong Kong Monetary Authority (HKMA) said it had told banks to lower the interest rate stress testing requirement to 200 basis points from 300 basis points, with immediate effect. Under the new ... ( read original story ...)
Hong Kong home prices skyrocket
Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub. ( read original story ...)
First-home buyers swoop in on Sun Hung Kai’s Wetland flats to get ahead of Hong Kong’s first mortgage hikes in four years
The limited offer came on the day when five of Hong Kong’s largest banks raised their prime rates for the first time in four years, hot on the heels of a 75-basis point increase in base rate by the ... ( read original story ...)
Rising rates, price slump deal double blow to Hong Kong homeowners
When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the summer as Hong Kong's property market boomed to ... ( read original story ...)
Hong Kong Finance Chief Says No Sharp Risk to Property Prices
HONG KONG (Reuters) -Hong Kong's finance chief said on Thursday he does not see a sharp risk to the city's real estate market nor a need to adjust property control measures, as the financial hub ... ( read original story ...)
‘Very High Chance’ Hong Kong Will End Year In Recession
"There is a very high chance for Hong Kong to record a negative GDP growth for this year," Financial Secretary Paul Chan told reporters, adding that interest rates were being raised "at a pace that ... ( read original story ...)
Hong Kong Lifts Benchmark Rate for Fifth Time After Fed Action
The Hong Kong Monetary Authority raised its benchmark interest rate for a fifth time, moving in lockstep with the US Federal Reserve.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear ... ( read original story ...)
4,500 flats to go on sale at less than half market value under Hong Kong housing scheme, amid fears nano units will not sell
Chairwoman of authority's subsidised housing committee remains hopeful shoebox flats will sell, others are less optimistic Around 10 per cent of units on sale are shoebox flats, smaller than 230 sq ft ... ( read original story ...)
Hong Kong to see stronger demand for shop space under expected end of mandatory hotel quarantine, property executive says
One in nine street-level shops was vacant during a recent survey, but an end to quarantines for incoming travellers would boost retail and catering, according to a property executive. ( read original story ...)