New World Development borrowed money for projects that people inside and outside the company have characterised as “aggressive”. They include a HK$20bn (US$2.6bn) retail and office space near Hong …
Philippines, Hong Kong working on customs cooperation agreement vs illicit trade
The governments of the Philippines and Hong Kong are completing a Customs cooperative arrangement aimed at addressing illicit trade. In a statement, the Department of Finance (DOF) is moving toward …
Philippines, Hong Kong working on customs cooperation agreement vs illicit trade
The governments of the Philippines and Hong Kong are completing a Customs cooperative arrangement aimed at addressing illicit trade. In a statement, the Department of Finance (DOF) is moving toward …
China Market Update: Six Agencies Announce “Financial Support To Boost & Expand Consumption”
Asian equities cheered the confirmation of the de-escalation in the Middle East and a potential July US interest rate cut, led by Hong Kong, Mainland China, and Taiwan.
Macau Hotel Conceived by Bling Empire Mogul Sold for $76 Million
A luxury hotel in Macau envisioned by Hong Kong tycoon Stephen Hung has been sold at discount to a local investor.
Hong Kong tops global list for priciest homes despite property slump: Deutsche Bank
Prime property prices of US$25,946 per square metre push Hong Kong above Zurich, Singapore and New York: Mapping the World’s Prices report.
Hong Kong developer sought loans backed by Picasso, Warhol art
HONG KONG] A Hong Kong property dynasty that became one of the city’s most prolific collectors is discovering the limits of the burgeoning world of art-backed lending. Read more at The Business Times.
Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire
In stock markets abroad, indexes rallied more than 1% everywhere from France to Germany to Japan following the announcement of the Israel-Iran ceasefire. Hong Kong’s jump of 2.1% and South Korea’s …
HK’s property market is stable, says Paul Chan
Financial Secretary Paul Chan says Hong Kong’s property market is stable despite a protracted decline in prices, as interest rates are expected to …
Hong Kong luxury home prices to drop by up to 5%
That is for homes worth HK$20 million to HK$40 million. In the first half of 2025, Hong Kong’s luxury property market experienced increased activity due to a rise in distressed units, which were often …