The Fed’s interest rate hikes are strengthening the US dollar, which is pegged to the Hong Kong dollar, putting pressure on emerging market currencies and making Hong Kong property less affordable.
Hong Kong developers hit by Federal Reserve’s ‘higher for longer’ interest rates
Hong Kong’s largest developers have shed a fifth of their market value this year, as the city’s dollar peg forces it to match the Federal Reserve’s “higher for longer” approach to interest rates.
Hong Kong must act before ‘deep correction’ in property market: Midland analyst
Hong Kong should move to restore confidence in its property market before it enters a “deep correction”, an analyst said after a lacklustre forecast was made for 2023. Hong Kong recorded 8,792 …
Hong Kong stocks have worst day in three months on worries about rates and real estate
Real estate stocks were once again among the heaviest losers in Hong Kong. Country Garden, one of the country’s largest property developers, sank 4.4%. Its property services arm was down 7.1%.
Prince Abdul Mateen of Brunei to Wed in January 2024
Prince Abdul Mateen of Brunei, is expected to get married and wed Anisha Rosnah Adam next January. Learn more here.
Bella Hadid Remains Radio Silent As Pro-Palestine Dad Wishes Her Happy Birthday
Bella Hadid has yet to address the ongoing conflict between Israel and Palestine. The iconic model turned 27 on October 9, and her birthday coincided with ongoing drama as her fans expect to speak up …
What was happening between Israel and Palestine before Hamas attacked?
THE ESCALATION OF conflict in Israel and Gaza took almost everyone by surprise. On Saturday morning, Hamas – an Islamist group that controls the blockaded Palestinian enclave – launched thousands of …
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b. Despite an uptick in total investment sales in 3Q23, property experts believe the capital markets space will see muted …
Oklahoma governor orders flags lowered to half-staff in support of Israel
Gov. Kevin Stitt says action is to signal state’s support of Israel “against a barrage of unprovoked acts of terror.” …
Gov. Stitt Orders Flags To Half-Staff In Support Of Israel
Governor Kevin Stitt today issued Executive Order 2023-27, directing all American and Oklahoma flags on state property to be flown at half-staff as a show of support for the nation of Israel. Flags …