After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of cheap financing come to an abrupt end this past week as some 13 banks announced… Read More>>
Chen Hsong Buys London Building for £33.1M and More Hong Kong Real Estate Headlines
A six decade old Hong Kong company is shaping a new future in London, after branching out from injection molds. Also in the news, Wong Chuk Hang continues to be a hot spot after the opening of the South Island… Read More>>
Mainland Firm Buys Floor in The Center for HK$594M and More HK Real Estate Headlines
Hong Kong’s neighbors from the north continue to make a big noise in the city’s property markets this past week as mainland firms continue to buy, lease and otherwise grab hold of more bricks and mortar in the city. On… Read More>>
Asia Real Estate People in the News 2017-08-21
It’s nearly time to wrap up those summer vacations and get back to work, and many of Asia’s real estate professionals will be returning from their summer road trips to start driving new desks this month. Leading off this week,… Read More>>
HSBC Rents 300 Desks At WeWork HK, But Don’t Call Them Cheap
WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
HSBC Suspends US Mortgages for Mainlanders as China Clamps Down
Foreign banks seem to be coming under pressure to cut back on US dollar lending to Chinese borrowers as HSBC has suspended new mortgages for some mainlanders buying American homes.
The London-based bank, which was formerly known as the Hong… Read More>>
China Real Estate People in the News 2015-04-06
This week appears to be promotion week in Asia Pacific for one of the big commercial agencies, with a squadron of senior team members moving up a notch, and even some new faces joining. Elsewhere we have a Hong Kong… Read More>>
Kaisa Accounts Frozen as Creditors Try to Claw Back Cash
Attempts by Kaisa Group to stonewall its creditors in the face of serial defaults appear to be backfiring after bank accounts belonging to the Hong Kong-listed developer were frozen, and bond-holders began banding together for legal action.
The defaulting developer’s… Read More>>
HK-Listed Kaisa Said to Go Bankrupt — Halt Payments to Creditors
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Could China Be About to Experience Its Biggest Ever Real Estate Bankruptcy?
Kaisa Group Holdings may be in danger of becoming the biggest Chinese real estate developer to collapse as a result of the country’s property slump, after the Hong Kong-listed company defaulted on a HK$400 million ($51.6 million) loan on Wednesday.
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