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02.09.25 - 13:42
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All signs point to a recovery firmly taking hold in Hong Kong′s housing market (SCMP)
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Hong Kong's home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city's residential property market may have bottomed out.
A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started in March. While the volume fell 8.2 per cent compared with 5,766 in July, it was nearly 45 per cent higher than a year ago.
In the first eight months of the......
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27.08.25 - 07:12
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Hong Kong home prices hit 7-month high in July as market shows signs of recovery (SCMP)
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Hong Kong's lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city's residential property market may have turned a corner.
A widely watched official index of secondary home prices gained 0.42 per cent month on month to 387.9 in July, according to data from the Rating and Valuation Department on Wednesday. It was the index's highest level since 289.2 in December.
Secondary home prices have increased 1.05 per cent since April, narrowing this......
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25.08.25 - 10:24
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Evergrande: China′s property giant delisted from Hong Kong stock exchange (The Guardian)
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Once the country's biggest real estate firm, Evergrande was worth more than $50bn at its peak and helped propel China's rapid economic growthEvergrande, formerly one of China's biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace.The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer – once valued at more than HK$400bn (US$50bn) – was put into liquidation. Continue reading......
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24.08.25 - 12:06
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Hong Kong home sales on ′upwards trajectory′ to 4-year high, agents say (SCMP)
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Hong Kong's home sales are likely to hit a four-year high this year as buyers show an increasing willingness to commit to both new and existing residential units, according to agents.
Residential transactions in the city are expected to rise 13 per cent to 64,000 this year, helped by lower prices as well as policy support that reduced the stamp duty for homes priced up to HK$4 million (US$512,000), said Wong Kin-yip, chairman of Midland Holdings, the parent company of Midland Realty. The value......
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22.08.25 - 09:48
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Hang Seng Bank′s CEO buys Tai Hang flat as city′s home prices rise (SCMP)
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The executive director and CEO of Hang Seng Bank has bought a home in Hong Kong's Tai Hang district, joining a growing coterie of financiers on the hunt for high-value residential property that has helped to drive the city's lived-in home prices to a five-month high.
A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry.
The unit was transacted for HK$26.6 million (US$3.4 million), or......
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19.08.25 - 05:36
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Hong Kong prime property sees 14% price drop: Knight Frank (SCMP)
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Prime residential prices are cooling globally, with Hong Kong performing the worst, according to the latest study by Knight Frank.
In a survey of 46 cities worldwide, Hong Kong ranked last with a 14.3 per cent decline in prices in the second quarter compared with the same period last year. On a quarterly basis, the city again took the bottom spot with an 11.7 per cent drop.
Average annual growth in housing prices across the nearly four dozen cities slowed to 2.3 per cent in the June quarter,......
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15.08.25 - 06:36
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Hong Kong MTR ′Harvesting′ From Property Arm, CEO Says (Bloomberg)
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Jacob Kam, CEO of Hong-Kong listed railway operator MTR, says the company has been getting its infrastructure prepared for bad weather as the city experiences extreme conditions. He also says MTR is at a "harvesting stage" in its property development program, which helped offset losses from recurrent business to help book a 27.5% rise in first-half net profit. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)...
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14.08.25 - 13:06
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CK Asset′s first-half profit falls 26% amid Hong Kong property market challenges (SCMP)
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CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing's family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income from its commercial properties.
Profit attributable to shareholders fell 26.2 per cent to HK$6.3 billion (US$806.4 million) in the six months to June, according to a filing to the Hong Kong stock exchange on Thursday. The earnings were way below analysts' expectations of about HK$14.2......
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13.08.25 - 15:42
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HKMA, HSBC allay fears about Hong Kong′s loans and property glut (SCMP)
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Hong Kong's de facto central bank and the city's largest lender have issued separate statements to assuage concerns about a glut in the commercial property market, saying that the local banking system remained robust and well-capitalised.
Risks associated with commercial real estate (CRE) loans were “manageable”, as the classified loan ratio – a measure of borrowings deemed substandard, doubtful, or at loss – shrank slightly to 1.97 per cent in the second quarter, from 1.98 per cent at the end......
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09.08.25 - 04:06
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Why Hong Kong′s commercial property deep-freeze is here to stay (SCMP)
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In the second instalment of our two-part series on Hong Kong's beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city's stock market as a venue for initial public offerings could boost office uptake and ease developers' pain.
Swiss bank UBS got a steal in 2003 when it leased 146,000 sq ft across six floors in Two International Finance Centre – then the tallest building in Hong Kong – for less......
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04.08.25 - 13:18
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Hong Kong′s residential property transactions fall in July from June (SCMP)
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Residential property transactions in Hong Kong fell in July after hitting a seven-month high in June, though activity remains steady, with analysts expecting a rebound in the second half of this year.
Overall property deals in July – covering homes, office units, shops, industrial premises and car parking slots – dipped 0.8 per cent from June to 7,212, the Land Registry said on Monday. Property worth HK$54.6 billion (US$7 billion) changed hands, down 17.8 per cent from a month earlier.
Housing......
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