Anxious to avoid the civil unrest that would almost certainly follow a collapse in the housing market, local authorities are relaxing their stranglehold on the property sector. But will it be enough? ( read original story ...)
Hongkong Land 1Q Underlying Profit Higher Than the 1Q 2021
By Anthony O. Goriainoff Hongkong Land Holdings Ltd. said Thursday that first-quarter underlying profit rose as property completions in Mainland ... ( read original story ...)
Festival Walk: Reit investors seek clarity on future of Hong Kong mall as US$7.6 billion merger of Temasek units nears
Investors have raised questions about the viability of Festival Walk, the upmarket Hong Kong shopping centre owned by a unit of Singapore’s Temasek Holdings. ( read original story ...)
Hong Kong fugitives who tried to flee to Taiwan admit possessing petrol, other chemicals for making bombs for 2019 protests
Former MTR trainee Cheng Tsz-ho, student Liu Tsz-man and two others plead guilty to possessing articles with intent to destroy or damage property. ( read original story ...)
Hong Kong shares flat amid worries about China growth
Hong Kong stocks ended roughly flat on Wednesday as a recent recovery ran out of steam, with some investors worried that Beijing's stimulus may not be adequate to revive the coronavirus-battered ... ( read original story ...)
New World’s affordable housing project aimed at getting first-time buyers in Hong Kong on property ladder
A proposal has been submitted to the Town Planning Board to build about 300 flats, with sizes ranging from 300 sq ft to 400 square feet in Yuen Long, New World Build for Good, NWD’s social enterprise ... ( read original story ...)
Hong Kong SAR: Hong Kong SAR’s proposed family office tax concession regime
The proposed tax exemption regime for FHIVs is modelling on the existing unified tax exemption for funds. On March 8 2022, the Hong Kong SAR government released a consultation pap ... ( read original story ...)
Hong Kong Avoids Mass Trading Halt as Firms Seek Deadline Waiver
Dozens of Hong Kong companies requested last-minute extensions on a May 15 deadline to release their audited annual results, allowing them to avoid trading suspensions for now. ( read original story ...)
China property shares in Hong Kong climb on latest easing of mortgage rules
Hong Kong's Hang Seng Mainland properties Index rose nearly 4 per cent on Monday after China further eased the mortgage loan rate guidance.Chinese financial authorities on Sunday allowed a further cut ... ( read original story ...)
Investors rush to buy in first-weekend property sales despite biggest base rate rise in 22 years
“People can still afford to pay their mortgage loans with the expected rate rise. The property outlook for the Hong Kong market remains positive.” Some homebuyers are rushing to buy now in ... ( read original story ...)
Victim of Hong Kong’s costliest heist says jail terms for burglars ‘too lenient’, given HK$5 billion value of stolen items
Collector Fu Chunxiao says he intends to donate some of the reclaimed items to Hong Kong and mainland Chinese governments. ( read original story ...)
Once a shining light, foreign investors abandon Hong Kong office space as slowing economy weighs on sentiment
Average central business district office yields stood at around 2.8 per cent in the first quarter, whereas retail and industrial property yields stood at 3 and 3.4 per cent, respectively. “The one ... ( read original story ...)
Hong Kong defends local dollar in first currency intervention in 18 months, as capital flows out in pursuit of higher US yields
The HKMA bought a combined US$722 million worth of Hong Kong dollars in two interventions on Thursday Such a trend will gradually push interest rates up, including mortgage rates in Hong Kong, ANZ ... ( read original story ...)
Hong Kong defends its dollar for first time since 2019
It is a move that will add pressure at a time when the city's economy is struggling. . Read more at straitstimes.com. ( read original story ...)