Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
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New World Development (NWD), controlled by one of Hong Kong’s richest families, warned it would report a loss of up to HK$6.8 billion (US$871 million) in its interim results to be announced next week, as weak property markets in Hong Kong and mainland China continue to present a tough operating environment for the developer. The…
Homebuyers flocked to a new residential project offered by Wang On Properties in Hong Kong’s Eastern district on Saturday, showing renewed enthusiasm for the city’s real estate market driven by the government’s stimulus measures. As of 3:30pm, 98 of the 157 units on sale at 101 King’s Road, a housing project that consists of a…
A debate between an ex-leader of Hong Kong and the current chief executive over land supply shows no signs of dying down, with the former urging the government to provide more comprehensive details of its planning for future development. Wednesday’s volley by former city leader Leung Chun-ying came a day after Chief Executive John Lee…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
I’m not sure if I am supposed to say this, but I found Chief Executive John Lee Ka-chiu’s latest policy address interesting. It was comprehensive, covered a lot of ground and was quite detailed in places, especially with regard to economic development. I have one or two quibbles, of course, but overall it was a…