While it was inevitable that Hong Kong would become a very different place after the handover, few could have predicted just how different things would be 25 years later. ( read original story ...)
Hong Kong developer Billion fails to sell a single flat at The Horizon project in Tai Po
Not a single transaction was completed for any of the 283 flats on offer at The Horizon and Centra Horizon in Pak Shek Kok as of 8pm on Friday The units, ranging from 407 square feet to 1,866 sq ft, ... ( read original story ...)
Hong Kong’s ‘true democracy’ started after handover to China: President Xi Jinping
President Xi Jinping hailed China's rule over Hong Kong on Friday (Jul 1) as he led the 25th-anniversary celebrations of the city's handover from Britain, insisting that democracy was flourishing. ( read original story ...)
Gone in three hours: Sino Land sells all 238 flats at Lohas Park as buyers rush to get ahead of rising mortgage rates
The frenzy reflected the strong demand for housing in one of the world’s least affordable urban centres, and how quick buyers react to any change in the macroeconomic environment. ( read original story ...)
Hong Kong elite descends on Tokyo for bargain property buys
Investors join luxury real estate tours as yen hits record lows and Bank of Japan sticks to ultra-loose policies ... ( read original story ...)
Hong Kong’s homebuyers snap up Grand Jete’s new flats in Tuen Mun to get ahead of rising mortgage rates
Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs. ( read original story ...)
How the world’s ‘most high-profile kleptocracy case’ didn’t stop the sale of this Hong Kong penthouse
A penthouse in one of Hong Kong’s swankiest property developments sold for $36.5-million to a company linked to Gulnara Karimova, daughter of the late Uzbekistan dictator Islam Karimov – bringing to l ... ( read original story ...)
Evergrande vows to oppose Hong Kong lawsuit from small creditor
China Evergrande said that it would “vigorously” oppose a winding-up petition filed by a small creditor as the world’s most indebted property developer comes under pressure from investors cut out of ... ( read original story ...)
Hong Kong’s luxury home rents fall as expats leave in droves due to Covid curbs, while New York, Toronto and Singapore see gains
Prime rents in Hong Kong fell 1.1 per cent quarter on quarter in the year's first three months Rents for Hong Kong's high-end homes have slipped 6.8 per cent since the pandemic started in 2020 Hong ... ( read original story ...)
The transformation of Hong Kong in five charts
OUTSHINED BY MAINLAND CHINA While Hong Kong retains an outsized, indirect contribution to China's economic growth given its status as the only Chinese financial centre not subject to capital controls, ... ( read original story ...)
HKMC Hikes Fixed Mortgage Rates by 0.5%
The Hong Kong Mortgage Corporation Limited (HKMC) announced to raise the interest rates for fixed-rate mortgage applications filed between 1st July and 31st July by 0.5% from those in June, marking ... ( read original story ...)
Priced out of Hong Kong, young home buyers look to Greater Bay Area for space and value
Hong Kong has held its spot as the least affordable property market for 12 years in that study. Like the four Hong Kong leaders who came before him, Chief Executive-elect John Lee Ka-chiu has ... ( read original story ...)
Hong Kong, Singapore investors filling void in London property left by mainland Chinese retreat
Another key trend in Asia reverberating through London's property market is geopolitical instability. Beijing's imposition of a draconian new national security law on Hong Kong, which dealt a ... ( read original story ...)
Hong Kong house sells for $153 million, the most this year
The six-bedroom house spanning 8,032sq ft of floor area has a private garden, swimming pool and parking space. Read more at straitstimes.com. ( read original story ...)