Hong Kong’s diverging housing rents and home prices are turning more renters into buyers, especially new arrivals under the city’s various talent schemes, offering a potential salve to the real estate slump. At the same time, attractive rental returns, lower interest rates and the end of duties aimed at non-residents are drawing more buyers from…
Home foreclosures in Hong Kong have risen for two quarters in a row and are expected to increase again in the coming period, Centaline Property said, as property transactions experience an uptick. For the third quarter, 189 foreclosures of private residential properties – those seized by banks due to missed mortgage payments – were recorded,…
Hong Kong may need up to five years to develop full waterfront infrastructure and must fix a shortage of berths if it aims to become a hub for yacht tourism, a property and entertainment magnate has said. Lan Kwai Fong Group chairman Allan Zeman outlined his vision after Chief Executive John Lee Ka-chiu announced plans…
Hong Kong may need up to five years to develop full waterfront infrastructure and must fix a shortage of berths if it aims to become a hub for yacht tourism, a property and entertainment magnate has said. Lan Kwai Fong Group chairman Allan Zeman outlined his vision after Chief Executive John Lee Ka-chiu announced plans…
The teaching of Hong Kong’s rule of law is “inseparable” from cultivating patriotism, the city’s justice minister has said as he pledged to press on with education to instil people’s love for the country. Secretary for Justice Paul Lam Ting-kwok stressed on Saturday the importance of integrating education with building patriotism at a seminar marking…
Tenants affected by Hong Kong’s proposed clampdown on subdivided flats will not receive priority for public housing allocation, with a minister saying the decision aims to prevent people from moving into subpar homes to game the system. Secretary for Housing Winnie Ho Wing-yin also said on Saturday that the government intended to start the legislative…
Most arrivals under Hong Kong’s top talent scheme are from mainland China. In the last of a three-part series, Kahon Chan learns that many go all out to get their children into the city’s best schools. See part one here and part two here. Thea Tong Haoxiang arrived in Hong Kong from Shenyang in February…
Be it performance pledges or key performance indicators (KPIs), successive governments have sought to improve governance via different means over the years. While these are positive steps to enhance transparency and accountability, the public is not necessarily best-served by merely adhering to numbers and indicators. Just as important is to foster a culture of going…
Chief Executive John Lee Ka-chiu’s latest policy address should be praised for its laser-like focus on strengthening the foundation on which Hong Kong’s unique competitive advantages under “one country, two systems” are based. As Harvard Business School professor Michael Porter points out, one should aim to be unique, rather than the best. Besides consolidating the…
Hong Kong developers are showing greater confidence in the city’s market outlook following a series of support measures. A consortium including Wheelock Properties and New World Development is offering smaller discounts for their new units in Kai Tak after buyers returned in droves. At Double Coast I, the two developers and their partners China Overseas…