Hong Kong’s cash-strapped Urban Renewal Authority intends to adjust the pace of its projects to ensure better financial stability, while private developers will be briefed in advance on plans to avoid failed tenders. The changes, outlined by managing director Wai Chi-sing on Sunday, were aimed at helping the authority maintain adequate cash flow and avoid…
Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…
New flats on offer in Kai Tak received a cool reception on Saturday, as Hong Kong homebuyers mostly stayed on the sidelines waiting for steeper discounts, which spoiled expectations of a strong turnout at the start of November after the monetary authority relaxed the city’s mortgage financing rules last month. Only one out of the…
New flats on offer in Kai Tak received a cool reception on Saturday, as Hong Kong homebuyers mostly stayed on the sidelines waiting for steeper discounts, which spoiled expectations of a strong turnout at the start of November after the monetary authority relaxed the city’s mortgage financing rules last month. Only one out of the…
Chinachem Group and the Urban Renewal Authority sold out all flats in Echo House on Sunday, the latest project to receive a warm reception from homebuyers following an easing of mortgage financing and a cut in interest rates. All 198 units in the Cheung Sha Wan project were sold after sales started at 9am, according…
Chinachem Group and the Urban Renewal Authority sold out all flats in Echo House on Sunday, the latest project to receive a warm reception from homebuyers following an easing of mortgage financing and a cut in interest rates. All 198 units in the Cheung Sha Wan project were sold after sales started at 9am, according…