The era when Hong Kong residents loved buying — and living in — apartments the size of most kitchens found in ordinary US homes appears to be over. If ever there was an indicator that Hong Kong’s decade-plus run of… Read More>>
City Leaders Make Plans for Collecting Vacancy Tax and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, more details have surfaced regarding the proposed vacancy tax, as the city considers collecting the fee on occupied homes via an existing tax channel to save a few bucks.
Also in the headlines,… Read More>>
Floor in 9 Queen’s Road Central Breaks Price Record and More Hong Kong Real Estate Headlines
Record high prices make the news again today in Hong Kong, with confirmation that a floor in an office tower on Queen’s Road has sold at just under HK$60,000 per square foot.
Also in the headlines, a developer is planning… Read More>>
HKMA Holds Firm on “Spicy” Policies and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s de facto central bank rejected calls from lawmakers to relax mortgage policies, saying the housing market is still too hot. Also in the headlines, even Hong Kong’s securities regulator may find… Read More>>
Kenny Lam Joins Manulife Real Estate as Head of Asia Property Investments
Manulife Real Estate has hired a new head of Asia real estate investments, as the arm of Canada’s Manulife Financial Corp doubles down on the Asian property sector. Real estate investment veteran Kenny Lam is joining the firm’s Hong Kong… Read More>>
Hong Kong’s Central Bank Orders Health Check for HNA, Wanda Finances
The Hong Kong Monetary Authority, the city’s de facto central bank, is said to be reviewing lending to HNA Group and Dalian Wanda Group as pressure mounts on the debt-strapped mainland conglomerates.
Banks were required last week to provide information… Read More>>
Developer Evergrande Says Half-Year Profit May Triple and More Asia Real Estate Headlines
China’s biggest developer by home sales leads the news today with a prediction of a 300 percent increase in profit during the first half of 2017. Also in the headlines, the Hong Kong Monetary Authority may be getting uneasy about… Read More>>
Is Hong Kong’s Housing Market Set for a Plunge?
In Hong Kong, even micro-apartments just big enough to fit a car cost many times what the typical household earns each year. But there are signs that the world’s most unaffordable housing market may be reaching its limits, as a… Read More>>
Property Stocks Lead Singapore Market in 2017 and More Asia Real Estate Headlines
With China’s residential market going into a centrally ordered deep freeze, there are signs that Singapore may be an unexpected beneficiary, as news headlines this week carry stories of rebound in developer stocks and growing demand for housing sites. Also… Read More>>
HK Investors Buy London Office Block for £135M and More Asia Real Estate Headlines
Brittania continues to be hot with Hong Kong property investors this year, as buyers from the former colony have purchased a second office block on toney St James Square within the past month. Also in the headlines, Mapletree has been… Read More>>