Of the 30 cities monitored in the Savills World Prime Residential Index, 17 will see price declines, with Hong Kong projected to see the highest drop of up to 10 per cent and as much as 3.9 per cent …
Hong Kong church Island ECC acquires floors in building that is home to famous Sunbeam Theatre
The church has secured several floors at the property at 413-423 King’s Road as its ‘future permanent home in Hong Kong’, it said in a statement on its website.
Banks prepare for new rules allowing Hong Kong, Macau homebuyers to bypass daily remittance cap when buying property in Greater Bay Area
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase …
‘Everyone looked real’: multinational firm’s Hong Kong office loses HK$200 million after scammers stage deepfake video meeting
Employee fooled after seeing digitally recreated versions of company’s chief financial officer and others in video call Deepfake technology has been in the spotlight after fake explicit images of pop superstar Taylor Swift spread on social media sites A multinational company lost HK$200 million (US$25.
Exposing Hong Kong’s invisible land grab: why homeowners have few qualms breaking rules to build add-ons to luxe homes
In upscale communities and largely out of the public eye, mansion owners are suspected of adding millions of dollars in value to their homes with unauthorised structures Lax enforcement, anaemic fines …
Yuan loans likely to rise for Thai firms
HSBC Thailand expects higher demand for yuan borrowing from large Thai corporates, in line with positive growth of cross-border trade and investment between Thailand, China and Hong Kong.Normally Thai …
Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain
On a road that winds through Hong Kong’s posh Repulse Bay neighbourhood, a multistorey luxury residential building with Roman columns and sweeping views of the South China Sea has been put forward as …
Liquidation of China’s Evergrande has ‘a lot of similarities’ to Lehman Brothers, analyst says
A Hong Kong court on Monday ordered Chinese real estate developer Evergrande Group — the world’s most heavily indebted property developer — to liquidate its assets.
Peak distress: Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain
Cash-strapped owners are taking out loans with rates up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral Asia-Pacific private credit market has grown 3.5 …
Number of family offices based in Hong Kong could surpass Singapore ‘in a few more years,’ investment body predicts
InvestHK says city could overtake Singapore for family offices, despite a big gap in numbers between the two jurisdictions at present.