Applications also fell to 8,086. Hong Kong saw lower demand for mortgages in July, according to data from the Hong Kong Monetary Authority (HKMA) The number of mortgage loans approved was HK$28.1b in ...
Hong Kong cannot afford to be caught off guard by arrival of Saola
As city goes on disaster alert for super typhoon, the warning is to be prepared and remain vigilant Weather forecasting is much less an inexact science than it once was. But typhoons still pose a ...
Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu, Clare Jim SHANGHAI/HONG KONG -In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay ...
How Evergrande’s collapse foreshadowed China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay lenders and finance the next real estate project.
The 40-year mortgage is an indictment of Britain’s failing property market
Is there nothing HSBC won’t do in the name of making the world a better place? From the bank that became a money-laundering hub for Mexican drug cartels and has recently been accused by MPs of ...
Country Garden: Debt crisis-hit China property giant in record loss
Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record $6 ...
Chinese cities ease mortgage rules in bid to revive property sector
BEIJING/HONG KONG (Reuters) -Two of China's biggest cities eased mortgage curbs and the country's top banks flagged mounting risks from the deepening property sector turmoil on Wednesday, as Beijing ...
Pressure on China’s Property Market Builds as Country Garden Faces Fresh Stress
Country Garden Holdings (ticker: 2007.Hong Kong), one of China’s biggest property developers, is due to report earnings for the first half on Wednesday after missing interest payments on its bonds ...
Guangzhou eases mortgage rules, banks flag risks as China steps up efforts to revive property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs and the country's top banks flagged mounting risks from property sector turmoil, as Beijing ramps up ...
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%. Recovery for Hong Kong’s non-residential investment market did not happen as predicted as interest rate hikes outweighed ...
Hong Kong home prices take biggest plunge of year in July, hit 6-month low as mortgage pain bites
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
Chinese banks to cut existing mortgage rates as property crisis deepens
Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit ...
Hong Kong home prices take biggest plunge in July, hit 6-month low as mortgage pain bites
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
This HKD 2.2 billion mansion in Repulse Bay is the most expensive home in Hong Kong
Listed at HKD 2.2 billion, a five-storey property in Repulse Bay is currently Hong Kong’s most expensive home.