Several Chinese developers owe more than 1 billion yuan ($137 million) in commission fees to property agency Centaline’s mainland China unit, the Hong Kong company said in a statement.
How Singapore’s stablecoin rules could boost crypto’s ‘mainstream’ banking role
Industry executives say the proposed rules by the Monetary Authority of Singapore are timely and will boost investor confidence Recent moves by Hong Kong and Europe on rules governing stablecoins will …
Open House: Hong Kong Sea View Mansion Eyes Ambitious $281 Million Sale
This story is the first of Bloomberg’s Open House series, featuring some of Hong Kong’s most interesting homes.A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion …
Hong Kong seaview mansion eyes ambitious $382 million sale
HONG KONG – A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion (S$382 million), a price that would that make the property among the city’s most expensive transactions, at a …
Questions raised over financial appeal of Hong Kong arts hub’s land use proposal amid weak property market
A proposal by the cash-strapped operator of Hong Kong’s main arts hub to boost its income from development tenders by allowing homes to be sold has sparked questions over the plan’s financial …
Hong Kong’s Villa Garda III developers rush to the market with sales launch, hot on the heels of CK Asset’s sold-out project
Sino Land, K Wah International and China Merchants Land, the developers behind Villa Garda III housing project in Hong Kong have hastened their sales campaign releasing the first price list at …
Withdraw property cooling measures to stabilise market, Hong Kong rural body tells leader John Lee
A powerful Hong Kong rural group has called on the government to stabilise the property market by scrapping “spicy measures,” as representatives met Chief Executive John Lee to submit recommendations …
China’s Deepening Housing Problems Spook Investors
China’s latest property crisis is threatening to spill over into the broader economy, worrying investors and causing a broad market selloff. Chinese stocks fell in Hong Kong and mainland China on …
Hong Kong stocks slide over 2% as property sector sees selloff; Asia markets fall
Asia-Pacific markets largely fell on Monday, led by Hong Kong’s Hang Seng index. The index tumbled more than 2%, dragged by basic materials and consumer cyclical stocks. However, the real estate sector also saw a sell-off, with real estate firm Country Garden Holdings leading losses on the HSI.
‘Superman’ Tests Hong Kong’s Stressed Property Market
What’s the true value of an apartment or office space in Hong Kong? No one really knows. Property sales, especially in the pre-owned segment, have slowed to a trickle.