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…
Stemming the continuing decline of Hong Kong’s real estate market will not be easy, with negative investor sentiment crowding in on the territory despite the declining interest rate trend. “We’re in a different world now. I don’t see many foreigners or real estate funds investing in Hong Kong real estate, at this point in time,”…
Florida has long been attractive to those seeking a fresh start, thanks in large part to its business-friendly policies, lack of state income tax, and irresistible warm climate. Jeff Bezos is among them. After 29 years in Seattle, the Amazon founder said at the end of 2023 that he would be moving to Miami. In…