Judging by the robust post-stimulus home sales in Hong Kong over the weekend, analysts agree higher loan financing and cheaper borrowing costs have helped lift buying sentiment. The government can certainly dig deeper into its toolbox for reinforcement, if needed. CK Asset Holdings and MTR Corp sold more than 80 per cent of the 248…
A mansion in Hong Kong has been sold for HK$845 million ($109 million), as the luxury property sector picks up on lower interest rates and government measures. House 2 at 15 Shouson Hill was sold on Thursday, according to transaction records. Preliminary deposit equal to 10% of the purchase price was paid upon signing the…
Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024 in Hong Kong. China News Service | China News Service | Getty Images Hong Kong chief executive John Lee announced moves aimed at addressing the city’s housing affordability crisis, calling it “an issue of great…
A customer points to rising figures at a stock exchange in Hangzhou on September 27 after the central bank announced stimulus measures for the economy. Costfoto/NurPhoto via Getty Images) Chinese stocks may continue to be volatile—with some analysts predicting a shuddering fall when markets open next week—after a highly anticipated briefing by the Ministry of…
October’s Top Dividend Stocks for Retirees Seeking Reliable Monthly Income Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Real estate investment trusts (REITs) offer compelling opportunities for investors looking to supplement their monthly income. REITs own, operate or finance income-generating real estate, allowing individuals to invest…
Hong Kong homebuyers on Saturday flocked to a second round of sales at Sun Hung Kai Properties’ Cullinan Sky Phase 1, a residential project in Kai Tak, as interest rate cuts and improved stock market performances boost sentiment in the real estate sector. As of 4pm, Sun Hung Kai, Hong Kong’s largest developer by market…
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…
(Bloomberg) — With markets keen for details on China’s efforts to revive economic growth and end its housing slump, here are five key takeaways from today’s briefing by Chinese Minister of Finance Lan Fo’an and his colleagues. Bloomberg Terminal readers can click here for a full transcript. China will borrow more to raise money and…
The blistering rally in Chinese equities has catapulted nine of the nation’s tycoons back into the ranks of the world’s wealthiest. There were 55 Chinese business people included in the 500-member Bloomberg Billionaires Index as of the end of Tuesday. That compares with 46 on Sept. 23, just before the surge in China-linked stocks was…
BEIJING (Reuters) -China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s beleaguered real estate market since late September, state media said on Saturday. Across the world’s second-largest economy, policies including reductions in down-payment ratios and mortgage rates have been introduced this year to support…