Hong Kong’s embattled chief executive Carrie Lam announced a raft of measures to help low-income households and the middle classes buy their own homes in her annual Policy Address this week in a belated attempt to tackle high housing prices… Read More>>
Hong Kong’s retail sales declined more sharply in August than during the 2003 SARS outbreak, according to a report released this week, as the city’s shopping sector suffered from the joint effects of tighter economic conditions on the mainland, the… Read More>>
Grade A office rents in Hong Kong’s traditional business district experienced their largest quarterly drop in seven years according to a newly released report, as a slowing mainland China economy and ongoing protests dampened demand in the world’s priciest commercial… Read More>>
As if the possibility of getting tear gassed during a late night search for noodles isn’t enough, Hong Kong residents are now being warned by a Swiss bank that they need to worry about the value of their homes collapsing.
Two of Hong Kong’s largest developers have expressed their willingness to hand over part of their land banks for housing development as the government looks into requisitioning underused plots in a bid to lessen a home shortage.
On Thursday, Henderson… Read More>>
Homebuyer confidence in Hong Kong’s residential market, which as recently as April had led experts including UBS to predict a bull run that would last at least another decade, is in a state of free fall, according to a Citibank… Read More>>
Financing for Chinese property developers plunged by 58.15 percent month-on-month in August amid an intensifying government clampdown on the housing market, according to data cited by the Securities Times.
Total new financing provided to China’s builders reached RMB 36.83 billion… Read More>>
The uncertainties of the US-China trade war negotiations and the political turmoil in Hong Kong have combined to cool down investor interest in Hong Kong’s property market, with sales of retail real estate bearing the brunt of investor reluctance… Read More>>
The People’s Bank of China has unveiled a new minimum interest rate system for home loans according to an announcement on the central bank’s official WeChat social media account, as the mainland government continues to clamp down on the housing… Read More>>
Vacancy in Hong Kong’s normally red-hot Central office market, which boasts the most expensive commercial property in the world, rose to a three-year high in July amid increasing economic uncertainty, according to JLL’s latest Property Market Monitor report.
The property… Read More>>