The Hong Kong government has disputed a report by an American credit rating agency that described the local property market as suffering from oversupply, as officials stressed that the data showed there was strong housing demand. Authorities responded on Thursday after S&P Global Ratings published its report that said the government was not aggressively addressing…
Hong Kong’s consumer watchdog has launched a one-stop website that consolidates property data from 11 Greater Bay Area cities to provide buyers and renters with timely and accurate information, following hundreds of real estate deal complaints. The Consumer Council announced on Wednesday a new guide on its website for residential property in the bay area,…
A religious group is selling Hong Kong residential properties at an accelerated pace, cashing in HK$110 million (US$14 million) amid increasing activity in the housing market now that the cost of borrowing has started to decline. Watch Tower Bible and Tract Society of Pennsylvania, associated with the Christian denomination known as Jehovah’s Witnesses, sold 11…