Both transaction volume and home prices in Hong Kong’s secondary property market remain under pressure, as developers continue to launch new residential projects at low prices and homebuyers stay cautious amid uncertainties arising from US tariffs, market experts said. “The cluster of secondary residential projects that are being affected by the low pricing of new…
Both transaction volume and home prices in Hong Kong’s secondary property market remain under pressure, as developers continue to launch new residential projects at low prices and homebuyers stay cautious amid uncertainties arising from US tariffs, market experts said. “The cluster of secondary residential projects that are being affected by the low pricing of new…
Hong Kong leader John Lee Ka-chiu has said the city will proceed with filing a complaint about the US’ punitive tariffs to the World Trade Organization (WTO) despite the truce between Washington and Beijing. The city’s business sector is also gearing up to take advantage of the 90-day tariff suspension window to front-load their shipments…
Hong Kong lawmakers on Thursday unanimously passed a motion calling for unity in countering US tariffs, with some calling on tycoon Li Ka-shing’s CK Hutchison Holdings not to go ahead with selling its Panama ports. The motion, put forward by lawmaker Ma Fung-kwok, urged authorities and the city’s industries to “resolutely dovetail with our country’s…
Washington ended the “de minimis” exemption for mainland China and Hong Kong on Friday, which had allowed products valued at US$800 or below to be shipped to the United States duty-free. While there are indications Washington and Beijing are moving towards easing their tit-for-tat tariff war, businesses in Hong Kong and the mainland have already…
US and China tariff tensions continue to dominate the focus, with signs of deescalation mounting even as President Trump sent mixed signals on the state of relations. On Monday, it was reported that Asian economies like South Korea, Japan, and India are taking the lead in trade talks with Trump’s administration, while China pledges additional…
US and China tariff tensions continue to dominate the focus, with signs of deescalation mounting even as President Trump sent mixed signals on the state of relations. On Monday, it was reported that Asian economies like South Korea, Japan, and India are taking the lead in trade talks with Trump’s administration, while China pledges additional…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. ‘Fake news’: China dismisses claims of US trade talks China denied it has made any overtures to the United States on trade negotiations, dismissing claims of progress on bilateral…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest property developer, received more than 21,000 cheques for 329 units at its massive Sierra Sea residential project in the New Territories, indicating that attractive pricing can drive home sales in the city despite economic jitters, according to agents. The first round of sales on Saturday will feature…
Amid a tariff war with China, United States President Donald Trump has claimed that Beijing has reached out to Washington ‘a number of times’ since he hiked a blanket China tariff to 245 per cent. Donald Trump also said that both US and China are talking to each other to deal with the trade war….