HONG KONG — Hong Kong-listed banks have reported swelling bad debts tied to real estate developers in the city, where lukewarm property demand and sluggish consumption are weighing on the residential, retail and office sectors. Hang Seng Bank, a core unit of HSBC Holdings, this week reported that bad loans on Hong Kong commercial real…
The removal of property curbs a year ago has failed to support home prices, as the market value of private residential properties in Hong Kong was down by HK$480 billion (US$61.7 billion) since February 2024, Centaline Property said on Thursday. The withdrawn measures included the Buyer’s Stamp Duty that targeted non-permanent residents and a New…
LINCOLN, Neb. (WOWT) – State senators the capitol Tuesday heard testimony on a bill aimed at getting rid of distractions in schools. Sen. Rita Sanders of Bellevue proposed LB140. It would require schools to have a policy restricting students from using cell phones or other electronic communication devices while on school property or at school…
Hong Kong residents and tourists have formed long queues at betting outlets across the city for the largest-yet Mark Six Lunar New Year snowball draw of HK$188 million (US$24.2 million) to be held on Sunday. In the early afternoon on Saturday, a queue stretching 60 metres (196 feet) was seen outside the Hong Kong Jockey…
Hong Kong residents and tourists have formed long queues at betting outlets across the city for the largest-yet Mark Six Lunar New Year snowball draw of HK$188 million (US$24.2 million) to be held on Sunday. In the early afternoon on Saturday, a queue stretching 60 metres (196 feet) was seen outside the Hong Kong Jockey…
Mid-Levels attracts both expat and local professionals due to its proximity to Central’s business district and the convenience of the iconic escalator system. The area is particularly attractive to investors due to its consistent tenant demand from young professionals and small families. The presence of the escalator system, which runs from Mid-Levels to Central, adds…
Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the 2024 Policy Address, that the ratio for residential properties would be set at a maximum 70 per cent regardless of value, whether the property…
China announces measures to give the property sector a helping hand. | Photo: Bloomberg 4 min read Last Updated : Oct 12 2024 | 10:59 AM IST China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to put a floor…
Goldman Sachs estimates China-focused hedge funds had best weekly performance on record By Summer Zhen HONG KONG, – Some China-focused hedge funds are reporting explosive returns in September, thanks to a sharp rebound in Chinese stocks driven by Beijing’s aggressive stimulus package. The surge in stocks, which fuelled a 25% record jump over five days…
Text size Three Chinese megacities on Monday eased restrictions on buying homes and Beijing’s central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump. The country’s teetering real estate market long accounted for around a quarter of China’s economy and experienced…