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03.07.25 - 01:36
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Emperor′s financial struggle mirrors current state of Hong Kong real estate (SCMP)
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Hong Kong developer Emperor International Holdings' struggles reflect the highs and lows the city's property sector has endured over the past few years.
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties.
But this golden era ended abruptly.......
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30.06.25 - 15:06
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Hong Kong mortgage loans hit 12-month high of US$3.4 billion (SCMP)
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Hong Kong's approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing loans amid lower bank rates, according to data from the Hong Kong Monetary Authority (HKMA).
Banks approved HK$26.6 billion (US$3.39 billion) worth of loans in May, a 5.3 per cent rise from a month earlier, according to official data on Monday. It was the highest total since May last year when lenders extended about HK$31.6 billion in loans, according to data compiled by......
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30.06.25 - 03:36
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Rebound in Hong Kong′s home prices unlikely to come this year: analysts (SCMP)
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The improving sentiment in Hong Kong's property market has spurred hope for a sustainable recovery in home prices, but analysts suggest the rebound is unlikely to come this year due to an uptrend in mortgage rates and a nagging supply glut.
As of Friday, about 9,150 first-hand transactions had been recorded so far this year, a 3.9 per cent increase from a year earlier and a six-year high since 11,580 transactions were recorded in the first half of 2019, according to agents.
Growth for lived-in......
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26.06.25 - 07:48
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Hong Kong home prices post tiny gain in April, raising hope of slump′s end (SCMP)
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Hong Kong's lived-in home prices posted a small gain for the second straight month in May, according to official data, fortifying hopes of a sustained recovery in the city's property market.
An official index measuring secondary home prices inched up by 0.03 per cent in May from a month earlier, the Rating and Valuation Department said on Thursday. In April, the gauge rose 0.35 per cent from March.
In the first five months of the year, second-hand home prices declined by 0.9 per cent. They are......
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22.06.25 - 03:36
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China′s property slump drives Hong Kong investors to Japan amid yen weakness (SCMP)
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Global investors, including those based in Hong Kong, are channelling their funds into Japan's residential property market as returns from assets in mainland China sag in the midst of a four-year slump, according to market consultants.
They ploughed in US$11.2 billion of capital into Japanese real estate in the first quarter, or 6 per cent above the five-year average, according to data compiled by Colliers, making it the fifth largest recipient globally. Investors from the US, Singapore and Hong......
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11.06.25 - 13:48
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Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says (SCMP)
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The liquidity crunch at New World Development (NWD), one of Hong Kong's biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings.
The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming......
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09.06.25 - 11:06
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Hong Kong′s stock market has revived but what of the property sector? (SCMP)
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Hong Kong needs all the help it can get. Since 2018, the city has suffered one shock after another, preventing a meaningful recovery from taking hold and fuelling concerns about its position as a global financial centre.
As an importer of US monetary policy with an economy that is far more synchronised with that of mainland China, Hong Kong has been the biggest casualty of economic and policy divergence between the world's two largest economies, prompting renewed questions about the suitability......
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04.06.25 - 12:36
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Hong Kong housing market bound for gradual recovery: analyst (SCMP)
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Hong Kong's housing market is poised for a gradual recovery starting in the second half of this year, as population inflows, falling interest rates and a rebound in rental demand restore confidence, according to Bocom International.
The investment bank said home prices could rise by 3 per cent over the next six months, followed by 5 per cent increases in both 2026 and 2027, as sentiment improved amid declining borrowing costs while returning residents and arriving professionals boosted......
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03.06.25 - 07:42
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Hong Kong′s real estate market cools in May, with deals slumping to 3-month low (SCMP)
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Property deals in Hong Kong fell to a three-month low in May as caution prevailed amid heightened US-China tensions and stock market volatility, while distressed commercial real estate owners continued to offload assets at heavily discounted prices.
Transactions for new and lived-in homes, offices, shops, car parking slots and industrial units dropped 11 per cent month on month to 6,434, the lowest tally since February, according to data from Centaline Property Agency. The value of the deals......
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01.06.25 - 05:06
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Hong Kong′s veteran investors face the heat in sinking property market (SCMP)
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Hong Kong's commercial market declines have left some of the city's once-prosperous veteran investors struggling financially, with experts expecting distressed sales to continue amid plunging property valuations.
In April, receivers took over the luxury detached mansion in Pok Fu Lam where “Cassette King” David Chan Ping-chi and his family had lived since the 1980s, marketing it for HK$430 million (US$54.8 million) last week. Chan, who defaulted on a loan of about HK$350 million from Fubon Bank......
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28.05.25 - 12:06
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Hong Kong′s Gale Well continues asset sales with US$66 million Stanley property (SCMP)
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Hong Kong property investment firm Gale Well Group put a luxury property site in Stanley on the block for HK$520 million (US$66.3 million), as it continues its campaign to divest and deleverage amid a prolonged downturn in the city's real estate market.
The 26,600 sq ft site, located at 8 Stanley Beach Road, has three blocks of flats that are three stories each, with a total of nine units and 10 car parking spaces.
Some flats are vacant, some have tenants and the property will be sold on an......
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28.05.25 - 04:30
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Hong Kong′s April lived-in home prices gain as duty cut spurred deals (SCMP)
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Hong Kong's lived-in home prices rose for the first time in five months in April, as transactions were spurred by a cut in the government's stamp duty for homes worth up to HK$4 million (US$510,000).
An index measuring home prices eked out a 0.35 per cent gain to 285.7 last month, from 284.7 in March, according to the Rating and Valuation Department on Wednesday.
Transactions in the residential market jumped last month. Previously, buyers of homes worth up to HK$3 million were subject to a......
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27.05.25 - 06:06
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Japanese retailers capitalise on Hong Kong′s retail property slump to expand (SCMP)
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3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong's retail real estate market.
3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including grocery items, according to a Monday statement from Yaichi Group, a partner of the retailer. 3Coins was founded in 1994 and now has 365 stores across Japan. The size of the company's store in Hong Kong was......
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