A company linked to Philippines tycoon Carlos Chan and the producer of Oishi snacks bought two ground floor shops in Hong Kong’s Wan Chai district for HK$128 million (US$16.5 million), according to official documents, adding to the group’s real estate holdings in the city. Miyazaki Development bought the properties in York Place at 22 Johnston…
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…
The new cycle of interest rate cuts spurred by the US Federal Reserve failed to lift Hong Kong’s secondary property market over the weekend, as cautious buyers from the mainland stayed on the sidelines. Only seven deals got done over the weekend, a decline of 53.3 per cent from a week earlier, marking a new…