Hong Kong’s office market is likely to trail other segments in terms of recovery as interest-rate cuts and easier mortgage financing rules drive bigger interest and deals in the residential and retail properties, analysts said. Office vacancy rates continued to worsen last month in more business districts in the city including Central, Wan Chai, Causeway…
Chinachem Group and the Urban Renewal Authority sold out all flats in Echo House on Sunday, the latest project to receive a warm reception from homebuyers following an easing of mortgage financing and a cut in interest rates. All 198 units in the Cheung Sha Wan project were sold after sales started at 9am, according…
Chinachem Group and the Urban Renewal Authority sold out all flats in Echo House on Sunday, the latest project to receive a warm reception from homebuyers following an easing of mortgage financing and a cut in interest rates. All 198 units in the Cheung Sha Wan project were sold after sales started at 9am, according…
Hong Kong police have arrested five people and seized more than HK$1.1 million (US$141,570) of illegal drugs, including the newly emerging “space oil”, in a crackdown on a local trafficking syndicate. The force said on Friday that investigations revealed the racket sold various narcotics on the city’s underground market and operated at a Cheung Sha…
Judging by the robust post-stimulus home sales in Hong Kong over the weekend, analysts agree higher loan financing and cheaper borrowing costs have helped lift buying sentiment. The government can certainly dig deeper into its toolbox for reinforcement, if needed. CK Asset Holdings and MTR Corp sold more than 80 per cent of the 248…
A Hong Kong taxi driver has been injured while his passenger has escaped unscathed after a cab plunged into a flooded sinkhole caused by a burst water pipe along a road in Cheung Sha Wan. The accident happened soon after midnight at 880 Lai Chi Kok Road, with a section of the route still closed…