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Tag: property

Posted on 11/01/2023

Hong Kong home buyer optimism up as China reopens

That is an encouraging sign for a market where combined new and used home sales slumped last year to the lowest level since at least 1996, data tracked by Centaline Property Agency (中原地產) showed. The ...

Posted on 06/01/2023

China property shares rise on easing of mortgage rules for some buyers

Shares of Chinese property developers climbed on Friday, lifted by more state support measures to bolster the highly indebted sector as China prepares to reopen its pandemic-hit economy. Hong Kong's ...

Posted on 06/01/2023

China property set for modest demand recovery in 2023 on policy support

China's deeply troubled property sector is set to see home sales fall for the second straight year in 2023, but the pace of declines will ease thanks to state support measures and the lifting of the ...

Posted on 02/01/2023

Hong Kong property expected to recover on China border reopening: Finance chief

HONG Kong Financial Secretary Paul Chan said he is optimistic about the city’s economic prospects for this year and expects the local real estate market to rebound after the China border reopens. ...

Posted on 31/12/2022

China Evergrande: receivers plan to add value, boost appeal to Hong Kong tower for next auction

The receivers are hoping stronger buyers will emerge to snap up the trophy building, as they add value by bringing in new tenants and extending current leases.

Posted on 31/12/2022

Are foreclosed homes the answer for Hongkongers priced out of the world’s most expensive property market?

Foreclosed properties, sometimes discounted by up to 20 per cent, are rising in number and may offer a way on to the notoriously expensive property ladder. However, there are risks.

Posted on 30/12/2022

Hong Kong government tightens residential land supply amid faltering property market

The Hong Kong government will only sell one plot of residential land in the final three months of the current financial year as it withholds land sales amid falling property prices.

Posted on 30/12/2022

Hong Kong housing paradox: why temporary flats cost more to build

Readers discuss the economics of modular construction, the Covid-19 testing requirement for schoolchildren, and how to promote recycling Feel strongly about these letters, or any other aspects of the ...

Posted on 29/12/2022

Hong Kong’s Link Reit buys two Singaporean malls for US$1.6 billion in biggest Southeast Asian property deal this year

The real estate investment trust has made a foray into Singapore by agreeing to buy two suburban shopping malls there in what may be the biggest property deal in Southeast Asia this year.

Posted on 29/12/2022

New World Development sells Pentahotel in Hong Kong for US$257 million as it disposes of non-core assets to reduce debt

The company owned by the family of billionaire Henry Cheng Kar-shun steps up its disposal of non-core assets to reduce its debt load amid high interest rates and slumping property sales.

Posted on 29/12/2022

Sino Land: Hong Kong Asymmetric Opportunity With 53% Net Cash At Below Half Of Book

Sino Land represents an ideal asymmetric opportunity in Hong Kong and is poised to benefit from Hong Kong's economic recovery. Read why the stock is a Buy.

Posted on 28/12/2022

Hong Kong’s 13-year housing market rally is all but over as November home prices plunge by most since financial crisis

Home prices dropped by the most in 14 years in November and look likely to fall again this month in what would be the longest series of monthly declines since the 2003 Sars epidemic.

Posted on 28/12/2022

Hong Kong November home prices ease to more than 5-year low

Hong Kong private home prices dropped 3.3 per cent in November to the lowest since August 2017, official data showed on Wednesday, as its housing market – one of the most unaffordable in the world ...

Posted on 27/12/2022

Hong Kong Residential Property Prices Drop Twelve Percent in 2022

According to JLL, rapid U.S. rate hikes, a fifth wave of Covid-19 and ongoing weakened economic outlook have triggered the downturn in Hong Kong's housing market in late 2022.

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