Mainland Chinese companies, the big money behind Hong Kong’s real estate market since 2015, will see a decline in their investment appetite for the city’s assets following Beijing’s tighter capital controls on overseas investments, pushing down property prices over the medium term, say analysts.
Even though individual mainland Chinese buyers accounted for only 4 per cent of total residential transaction volumes in the last 12 months, the biggest impact of the tighter policy...
The housing recovery is suffering partly because baby boomers aren't downsizing as they used to--it's getting too expensive.
The housing recovery is suffering partly because baby boomers aren't downsizing as they used to — it's getting too expensive.
Major developer Kerry Properties gave an optimistic outlook on the prospect of the year’s second half, after posting a 98 per cent rise in underlying interim profit as the back of a surge in flats delivery from a Hong Kong project.
The company recorded a net profit from underlying operations of HK$2.83 billion (US$362 million) in the year’s first six months, up from HK$1.43 billion in the same period last year, it said in a filing to Hong Kong’s bourse on Monday.
Asking prices in central London slipped by nearly 3 percent in August, according to the property portal, Rightmove.
State-owned developer China Overseas Land & Investment said it will accelerate investment in Hong Kong to take advantage of opportunities in the Greater Bay Area initiative after it reported first-half profit rose 25 per cent.
The blue-chip developer saw net profit for the first six months expand to HK$21.7 billion driven by higher selling prices and valuation gains during the period.
Revenue was up 3.5 per cent to HK$87.2 billion. Gross margins improved by 3 percentage points to 30.5 per...
Two social media experts thought they could help an apartment building improve its image on the web and wound up moving there.
A house by Frank Lloyd Wright is instantly recognizable, but what does it take to market, sell or even live in something designed by him.
Hong Kong may have the most expensive luxury properties in the world, but it is not in the top five list of luxury property markets to invest in. This is according to international property consultant Knight Frank, which has listed Shanghai, Sydney, Singapore, Monaco and Dubai as the top destinations for luxury property investment for the super-rich.
Knight Frank’s Prime International Residential Index (PIRI) ranks luxury property prices in 100 cities worldwide.
According to PIRI...
Sunac China shares jumped 6 per cent on Monday after the developer said its first-half interim profit will increase by “more than 15 times” owing to gains from property acquisitions and improved profit margins.
The company, one of China’s most acquisitive property developers, said revenue for the six months through June climbed 25 per cent while gross profit rose about 80 per cent and profit attributable to shareholders rose more than 15 times.
Sunac’s profit in the year...
The outcry over Confederate memorials has energized a campaign to remove a statue of Dr. J. Marion Sims, whose medical advances came at the expense of enslaved black women.
Like many in the housing-starved San Francisco region, Sheila James has moved far inland, gaining affordable space at the price of a brutal commute.
Recent residential sales in New York City and the region.
Supermodel Christie Brinkley is selling not one, but two historic estates in the Hamptons.
Gary Cohn is facing the most difficult investment dilemma of his career, writes Reuters.