Feb 15, 2025 The latest offering from New World Development (NWD) in North Point has seen remarkable interest from Hong Kong homebuyers, quickly selling a significant number of flats. As of 3pm, 103 out of the 168 units at State Pavilia were snapped up by eager buyers, as reported by South China Morning Post. This…
The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a potential recovery in the residential market, according to S&P Global Ratings. “Hong Kong’s residential property recovery may be slipping out of view,” the credit-rating agency said in a report on Thursday. “S&P Global Ratings believes…
Hong Kong’s lived-in home prices fell in December to complete three straight years of setbacks, as geopolitical and inflation risks clouded the prospects for more interest-rate cuts by global central banks. Prices in the secondary market declined 0.65 per cent last month, following gains in October and November, according to data published by the Rating…
Jan 23, 2025 Hong Kong’s property market faced significant challenges in 2024, with mortgage registrations plummeting to their lowest levels since records began in 2000. According to Centaline Property, only 47,917 mortgages were registered for a variety of assets including private flats, home-ownership scheme flats, parking spaces, and commercial facilities. This downturn in mortgage activity…
Investors in Hong Kong are bracing for a Year of the Snake full of uncertainties and some market participants are looking to artificial intelligence (AI) and feng shui masters to determine what lies ahead. The Hang Seng Index will be flat in the first quarter, it will rise in the second quarter and will decline…
Homebuyers flocked to a new residential project by Early Light International Holdings in Hong Kong’s New Territories on Saturday, drawn by its value for money and investment potential ahead of the inauguration of US president-elect Donald Trump. As of 3.30pm, 179 of the 280 units offered at The Reserve at Gold Coast Bay in Tuen…
China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a growth upswing at the end of last year. Deflation persisted for the second straight year in 2024, official data due Friday…
China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the economy next year, ahead of growth headwinds from looming US tariffs. China will “expand the magnitude of fiscal spending and accelerate the spending pace,” according to a statementBloomberg Terminal published Tuesday following a two-day national conference…
One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing. As China’s property debt crisis enters its fifth year, there’s little indication that distressed developers are finding it…
(Bloomberg) — One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing. Most Read from Bloomberg As China’s property debt crisis enters its fifth year, there’s little indication…