A lender has taken possession of Evergrande's Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan. ( read original story ...)
Developer Sunac China faces winding-up petition in Hong Kong
A winding-up petition has been filed against cash-strapped property developer Sunac China at the Hong Kong High Court, the judiciary's website showed.The firm is working to restructure its offshore ... ( read original story ...)
Vanishing tong lau: Hong Kong heritage experts call for action, incentives to save last pre-war shophouses
Businesswoman Vanessa Ho never set out to be a conservationist, but now she is pleased that she bought an old shophouse and saved a slice of Hong Kong’s history. The four-storey building at 1 Queen’s ... ( read original story ...)
Hongkong Land (OTC:HKHGF) Shares Down 1.2%
Hongkong Land Holdings Limited (OTC:HKHGF – Get Rating) traded down 1.2% on Friday . The stock traded as low as $4.96 and last traded at $4.96. 14,800 shares traded hands during mid-day trading, an ... ( read original story ...)
Hong Kong’s house prices falling again
Hong Kong’s residential property prices have skyrocketed by 165% (inflation-adjusted). In contrast, real incomes have virtually stagnated in Hong Kong for years. However, due to the combined impact of ... ( read original story ...)
‘Only the fittest can survive’, says China property giant Country Garden after reporting 96% fall in profit
Hong-Kong listed property developer Country Garden Holdings blamed the “severe depression” in the crisis-hit property market for its 96% drop in ... ( read original story ...)
Hong Kong developer V Group readies Causeway Bay serviced apartments and luxury houses on The Peak for sale amid market slump
V Group will offer 64 fully furnished units, ranging from 274 sq ft to 599 sq ft, at The Hayworth by V close to Causeway Bay MTR station The privately owned developer also plans to put on sale four ... ( read original story ...)
Hong Kong tycoon calls bottom of China’s property slump
Hong Kong real estate tycoon Adrian Cheng has called the bottom of mainland China’s property market crash, saying his New World Development group plans to invest Rmb10bn ($1.46bn) in land over the ... ( read original story ...)
Hong Kong July home prices fall to lowest in 2-1/2 years
Hong Kong private home prices in July dropped to the lowest since February 2020, official data showed on Monday, as homebuyers turned more bearish due to rising interest rates and an uncertain outlook ... ( read original story ...)
Hong Kong July home prices fall to lowest in 18 months
Hong Kong private home prices in July dropped to the lowest since February 2020, official data showed on Monday, as homebuyers turned more bearish due to rising interest rates and an uncertain outlook ... ( read original story ...)
Kai Tak dreams fizzle: Hong Kong’s massive ‘second CBD’ project slowed down by delays, changes to original plans
Market analysts have said the changes diminish the appeal of Kai Tak and its role in CBD2, but the government has maintained there is sufficient new commercial space in the entire ... ( read original story ...)
Loan woes: China’s troubled property market hits banks
HONG KONG -- Troubling news continues to flow from China's property market as a series of mainland developers report sharp slowdowns and even reversals from last year's robust first-half profits ... ( read original story ...)
Hong Kong tycoon calls bottom of China property slump
Hong Kong real estate tycoon Adrian Cheng has called the bottom of mainland China’s property market crash, saying his New World Development group plans to invest Rmb10bn ($1.46b ... ( read original story ...)
Hong Kong Office Market Vacancies Keep Rising Mid-2022
According to JLL's latest Hong Kong Property Market Monitor, the overall vacancy rate of Grade A offices rose to 9.6% in July as several sizable spaces became available on the back of the traditional ... ( read original story ...)