“The disposal at a loss was just in line with the market changes.” Luxury homes in Hong Kong are forecast to see a 1.5 per cent price decline this year, according to property consultancy Knight Frank.
Hong Kong Luxury Home on the Peak Sold at $17 Million Loss
An ultra luxury apartment in Hong Kong’s Mount Nicholson development — one of the most expensive apartment projects in Asia — was recently sold for a loss of HK$130 million ($16.6 million) as the city …
China to fully resume travel with Hong Kong, Macau on Feb 6
People line up at a government office for entry and exit matters which provides services including making or renewing passports or permits to go to Hong Kong, Macau and Taiwan, after China …
Hong Kong must tighten belt in ‘post-Covid era,’ finance chief says ahead of annual budget
The Hong Kong government must tighten its belt following increased expenditure during the Covid-19 pandemic, the city’s financial chief has warned ahead of the annual budget to be delivered next month …
Asian Le Mans Series: risk and reward of Hong Kong finance world guiding Au’s approach to endurance racing
First race takes place in Dubai on February 11 with place at Le Mans in France up for grabs for season winner If 20-plus years in Hong Kong finance have taught Antares Au anything it is about risk and …
Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’
Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an “alternative” market.
Hong Kong housing slump pushes negative equity to 18-year high
HONG KONG – The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a …
Hong Kong’s negative equity mortgage cases surge to near 18-year high
Cases of negative equity in Hong Kong’s residential mortgage loans jumped nearly 22-fold in the fourth quarter from the previous one, the city’s de facto central bank said, as home prices continued to …
Property agents share tips for expats on how to get the best rental deals in Hong Kong’s property market
Expats should be open-minded and willing to compromise, say agents, with property typically smaller than in other markets.
Golf Course or Housing? A Patch of Green Divides Hong Kong
The dispute over one of the city’s golf clubs exposes rare political friction for the elite in the new Hong Kong, where the establishment is torn between defending wealth and following Beijing’s …