Company Overview and News
Stop missing out on important events!
A report from S&P Global Ratings shows that Chinese real estate companies bought only 11 per cent of land in tenders in Hong Kong in the current financial year, down from nearly 50 per cent in the previous two years
From 2016 to 2017, the number of en-bloc transactions and value rose 130pc and 171pc respectively
Changes to the listing rules affecting both Hong Kong’s main stock board and GEM are to be phased in starting from February 15
Buyers flocked to four new residential developments in Hong Kong on Saturday as micro flats went on sale to strong demand in Cheung Sha Wan.
HNA Group, the Chinese conglomerate that muscled its way into Hong Kong’s real estate market in 2016 and 2017, said it will go it alone in building on the former Kai Tak airport site, for which it paid a record HK$27.2 billion (US$3.48 billion).
Investors seeking to get in on Hong Kong property this year have options that range from residential flats to the shares of major property developers trading at below net asset value
Local property market shows no signs of easing, with most expensive unit measuring 979 square feet going for HK$23.13 million
Developers’ enthusiasm for land tenders has shown no signs of easing – a residential site in Hong Kong’s Kwun Tong has attracted stronger than expected interest. But valuers said infrastructure in the region might not be able to support the extra population.
China Vanke is rapidly implementing the use of technology to improve the quality of life of families in nearly 1,800 projects in 65 cities on the mainland.
Availability of apartments in the HK$4m price range has declined by nearly 90 per cent in the last five years, and those that are on the market, are in distant locations
Chinese conglomerate HNA Group has secured a six-month extension for a HK$2.4 billion (US$306.75 million) bridging loan related to its residential project at the site of Hong Kong’s old airport.
‘Any potential changes to the mortgage policy would be aimed solely at helping first-home buyers … it does not mean the government has any intention of relaxing the many policies that were introduced to curb property prices’, says James Lau, secretary for financial services and the treasury
With worsening prospects for HK residential and office markets, CK Asset management has elected to recycle capital into new non-property businesses like aircraft leasing, utility distribution, and metering. (13-0)
The sale out at SHK’s St Barths, where 18 buyers queued for every available unit, indicates that Hong Kong’s property market is showing no signs of cooling off.
Buyers and property agents line up for developer Sun Hung Kai's property sales in Hong Kong January 13, 2018. — Reuters picHONG KONG, Jan 13 — Hong Kong’s red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year today, backing expectations strong demand will further lift record prices by 5 to 20 per cent over the year. The Asian financial hub has one of the most expensive housing markets in the world, with private home prices shattering historic records for 13 months in a row and rising almost 200 per cent since 2008.