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16.03.26 - 12:55
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Hong Kong businessman expected to take loss on Peak properties he bought for US$255m (SCMP)
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Luxury residential property on Hong Kong's Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group.
Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft.
The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph......
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16.03.26 - 09:31
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China′s first-tier home prices stabilise in February after 9 months of decline (SCMP)
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Mainland China's first-tier new home prices were unchanged month on month in February, ending a nine-month decline, while the year-on-year decline continued to widen from tier one to tier three cities, and analysts said it would be important to watch whether the month-on-month stabilisation can be sustained.
New home prices in first-tier cities were flat in February from January – Beijing and Shanghai each rose 0.2 per cent, Guangzhou was unchanged and Shenzhen slipped 0.3 per cent, according to......
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16.03.26 - 08:54
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UK mortgage shelf-life nosedives amid market uncertainty; oil rising again – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsThe average shelf-life of a UK mortgage has shrivelled, even before the surge in energy price hammered hopes for interest rate cuts.Data provider Moneyfacts has calculated that the average shelf-life of a mortgage fell to 14 days, on the first of March, the lowest since August 2023.“Borrowers looking to refinance would be wise to act quickly to secure a new deal, as the significant push in mortgage activity during February has led to a significant fall in the average shelf-life of a mortgage to just 14 days.This is a complete contrast to the notable seasonal slowdown in activity during January. However, since this data was captured, there has been a notable shift in swap rates, amid the unrest seen in the Middle East. It is worth noting that the average shelf-life of a mortgage has not been this low (14 days) for over two years, last lower for August 2023, at 13 days. This was just one month after a record low of 12 days recorded for July 2023. C...
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