Profit will determine whether a high-profile pledge of support by business heavyweights for Hong Kong’s Northern Metropolis megaproject near the mainland China border will result in investment, according to economists and a developers’ representative. Some also said the pledge was only a gesture not to offend Beijing and the Hong Kong government. Stewart Leung Chi-kin,…
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HONG KONG — Hong Kong real estate companies are selling apartments at a loss as they scramble to clear housing inventories, seeking capital to prepare for the market to start recovering from a yearslong slump. One batch of apartments in Sun Hung Kai Properties’ 906-unit Cullinan Sky sold out immediately the day they went on…
To buy or to rent – that has become a big question for locals as well as new arrivals to Hong Kong. Rents are set to shoot past the previous peak in August 2019. Robust demand comes from newly arrived residents, and potential buyers waiting for interest rates to drop are sitting on the sidelines….