The logo of China Evergrande Group is displayed on a building in Shenzhen. The developer is reeling under US$300 billion of debt. Photo: Bloomberg
China Evergrande Group

Evergrande’s Shenzhen plot sold to government-backed buyer for US$1 billion

5 hours ago

The 10,376-square-metre plot in Shenzhen’s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.

The logo of China Evergrande Group is displayed on a building in Shenzhen. The developer is reeling under US$300 billion of debt. Photo: Bloomberg

Evergrande’s Shenzhen plot sold to government-backed buyer for US$1 billion

The 10,376-square-metre plot in Shenzhen’s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation. Evergrande acquired the plot in 2017 for 5.55 billion yuan.

5 hours ago

Hong Kong home prices near five-year low after biggest monthly drop of year

Prices of lived-in homes in Hong Kong had their worst month in an already bad year in October, slumping to a nearly five-year low, according to government data released on Monday.

2 hours ago

Can China’s depressed mortgage rates bring homebuyers back to the market?

Average borrowing costs have fallen to a 13-year low and are possibly cheaper in certain cities across China.

28 Nov 2022 - 8:30AM
Residential buildings in Hong Kong, pictured on October 17, 2022. An index of lived-in homes prices has dropped to nearly a five-year low. Photo: Bloomberg

Hong Kong home prices near five-year low after biggest monthly drop of year

Prices of lived-in homes in Hong Kong had their worst month in an already bad year in October, slumping to a nearly five-year low, according to government data released on Monday.

2 hours ago
China property

Can China’s depressed mortgage rates bring homebuyers back to the market?

Average borrowing costs have fallen to a 13-year low and are possibly cheaper in certain cities across China.

Average borrowing costs have fallen to a 13-year low and are possibly cheaper in certain cities across China.

28 Nov 2022 - 8:30AM
Hong Kong property

Hong Kong can be hub for property-tech development, major developers say

Hong Kong’s position within the Greater Bay Area can attract start-ups and give the city a leg up on competitors like Singapore, Sino Group executive says.

Hong Kong’s position within the Greater Bay Area can attract start-ups and give the city a leg up on competitors like Singapore, Sino Group executive says.

27 Nov 2022 - 3:00PM

China banks offer billions to developers after Beijing confirms rescue plan

After the PBOC and the CBIRC officially confirmed a 16-point rescue plan for the real estate sector on Wednesday, banks have been rushing to offer financing support for several struggling companies.

24 Nov 2022 - 6:14PM
China banks offer billions to developers after Beijing confirms rescue plan

Hong Kong’s restaurant ranks expand faster than before the pandemic

The number of licensed restaurants has grown 3.9 per cent since 2020, slightly faster than from 2017 to 2019, according to a CBRE report.

24 Nov 2022 - 8:30AM
Hong Kong’s restaurant ranks expand faster than before the pandemic

Hong Kong can be hub for property-tech development, major developers say

Hong Kong’s position within the Greater Bay Area can attract start-ups and give the city a leg up on competitors like Singapore, Sino Group executive says.

27 Nov 2022 - 3:00PM

China banks offer billions to developers after Beijing confirms rescue plan

After the PBOC and the CBIRC officially confirmed a 16-point rescue plan for the real estate sector on Wednesday, banks have been rushing to offer financing support for several struggling companies.

24 Nov 2022 - 6:14PM

Hong Kong’s restaurant ranks expand faster than before the pandemic

The number of licensed restaurants has grown 3.9 per cent since 2020, slightly faster than from 2017 to 2019, according to a CBRE report.

24 Nov 2022 - 8:30AM
The unrelenting climb in Hong Kong’s residential property prices has been seen as one of the surest bets over the past decade. Photo: Sam Tsang

Will interest rate rises dampen Hong Kong’s love affair with property?

Concerns about the city’s slowing economy, and continued restrictions to control the coronavirus could also deter buyers, property agents said.

31 Jul 2022 - 12:00PM

Up to 30 per cent decline in Hong Kong home prices a possibility, SCMP conference hears

The worst is yet to come for Hong Kong home prices, with the market at the start of a decline amid interest rate rises and economic slowdown, the 2022 SCMP China Conference heard on Thursday.

The worst is yet to come for Hong Kong home prices, with the market at the start of a decline amid interest rate rises and economic slowdown, the 2022 SCMP China Conference heard on Thursday.

28 Jul 2022 - 7:45PM

Emigration, rising rates weigh on Hong Kong’s lived-in home market

The downbeat sentiment in Hong Kong’s secondary home market is due to rising interest rates, a spate of new project launches, emigration and a badly performing stock market, agents say.

The downbeat sentiment in Hong Kong’s secondary home market is due to rising interest rates, a spate of new project launches, emigration and a badly performing stock market, agents say.

22 Jul 2022 - 8:37PM

Buyers of incomplete flats with stage payment schemes face higher risk of default

By the time some of these buyers arrange mortgages, ‘they may not pass the stress test’, say analysts.

By the time some of these buyers arrange mortgages, ‘they may not pass the stress test’, say analysts.

20 Jul 2022 - 8:30AM
Property | OPINION
Illustration: Craig Stephens

Opinion | How Hong Kong can turbocharge home ownership

Subsidised housing prices should be tied to household income, not land premiums, so as to give more families home ownership opportunities. Allowing more people to buy their own homes would ease the government’s burden of providing public rental housing – and boost the economy.

8 Oct 2022 - 7:36AM

Concrete Analysis | Why investors are eyeing Hong Kong cold-storage assets

Hong Kong has been Asia’s leading logistics hub for decades. But what exactly is driving the recent sharp rise in demand for cold storage?

Hong Kong has been Asia’s leading logistics hub for decades. But what exactly is driving the recent sharp rise in demand for cold storage?

27 Sep 2022 - 12:00PM
Why investors are eyeing Hong Kong cold-storage assets

Concrete Analysis | Be more cautious, do your homework when looking for property online

Consumers should be more careful and do their homework when looking for properties online – such as making comparisons with different websites, referring to transaction figures and statistics from government websites, reading media reports and the latest property market trends.

Consumers should be more careful and do their homework when looking for properties online – such as making comparisons with different websites, referring to transaction figures and statistics from government websites, reading media reports and the latest property market trends.

20 Sep 2022 - 12:00PM
Be more cautious, do your homework when looking for property online

Property | Explore more