Hong Kong developers are offering mortgages up to 120 percent of the value of a property with attractive borrowing rates in a bid to boost sales, though some including the Hong Kong Monetary Authority (HKMA) believe this scheme will keep… Read More>>
Wharf Says HK Retail Ready to Rebound and More Asia Real Estate Headlines
Luxury sales in Hong Kong are still sliding, but Wharf Holdings, one of the city’s biggest retail landlords sees light at the end of the tunnel. Slightly further north, the rulers of Beijing are counting on moving 15 percent of… Read More>>
Can a Sun Hung Kai Mega-Project Bring a Renaissance to Shanghai’s Xujiahui?
Xujiahui, a commercial hub in downtown Shanghai that has lost its luster since the 1990s, could win back some of its shine as the local government renovates aging retail centres and Hong Kong developer Sun Hung Kai brings its biggest… Read More>>
Asia Real Estate People in the News 2016-06-27
This week Asia’s crew of real estate industry professionals features a mainland hospitality veteran taking a C-suite role with Accor, one of Hong Kong’s biggest developers finding new leadership for its asset management division in Shanghai and a familiar broker-face… Read More>>
Sun Hung Kai Offering 120% Mortgages in HK and More Greater China Real Estate Headlines
Developers are now loaning you extra money to buy a home in Hong Kong, while SOHO’s Zhang Xin says tech companies will drive office demand in Shanghai and Beijing. Read on for all these stories and more.
Sun Hung Kai… Read More>>
HK Tries Out 5% Down, No Proof Mortgages and More Greater China Real Estate Headlines
Hong Kong developers are borrowing a page from the US subprime crisis by boldly offering 95 percent mortgages without proof of income in answer to a falling housing market. One of the city’s biggest developers seems unfazed, however, with six… Read More>>
Shenzhen Home Sales Fell by 24% Last Week and More China Real Estate Headlines
A 24 percent drop in weekly home sales in Shenzhen, paralleled by talk of new home sales restrictions in Shanghai could signal serious steps by China’s government to clamp down on raging first-tier housing markets. Meanwhile, slumping mall sales have… Read More>>
Shenzhen, Shanghai Home Prices Continue Climb and More China Real Estate Headlines 2016-02-28
China’s housing recovery continues to reflect the broader economy, as first tier cities offering white collar jobs see home prices soar, while smaller communities continue to search for a way forward amidst a slumping manufacturing sector. Also, the world’s biggest… Read More>>
Chinese Estates Boss Buys Record $48M Diamond and More China Real Estate Headlines 2015-11-14
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Chinese Estates Boss Buys Record $48M Diamond for Daughter
A Hong Kong billionaire spent a record $48.4m buying an 12.03-carat diamond… Read More>>
Sun Hung Kai CFO Patrick Chan Resigns
Hong Kong real estate developer Sun Hung Kai informed the city’s stock exchange today that the company’s chief financial officer, Patrick Chan Kwok-wai, will not seek re-election to the board of directors next month, and is resigning from his duties… Read More>>