Hong Kong homebuyers adopted a wait-and-see attitude on Saturday, with sluggish sales at two new offers, amid rising mortgage costs and a higher jobless rate.
Hong Kong homebuyers adopted a wait-and-see attitude on Saturday, with sluggish sales at two new offers, amid rising mortgage costs and a higher jobless rate.
The local developer controlled by tycoon Wong Kwong Miu sold less than 2 per cent of the flats offered at The Arles on Friday, but experts said it does not suggest a sluggish property market in Hong Kong.
The Shanghai Stock Exchange tried to facilitate the financing of quality Chinese developers by spearheading a call between five developers and investors on Friday, after state-backed Greenland Holdings’ proposal for a delay in debt payments unnerved investors.
The Shanghai Stock Exchange tried to facilitate the financing of quality Chinese developers by spearheading a call between five developers and investors on Friday, after state-backed Greenland Holdings’ proposal for a delay in debt payments unnerved investors.
Evergrande is reeling under more than US$300 billion in liabilities and has become the poster child of the country’s property sector crisis as it lurched from one missed payment deadline to another last year.
Evergrande is reeling under more than US$300 billion in liabilities and has become the poster child of the country’s property sector crisis as it lurched from one missed payment deadline to another last year.
An estimated 70 per cent of customers bought for their own use, with investors making up the remainder of the purchases, bolstering confidence in the market’s buying power, agents said.
Buyers snapped up about a quarter of the 112 units at Wheelock’s Monaco Marine residential project in Kai Tak within an hour of the launch on Thursday.
Buyers snapped up about a quarter of the 112 units at Wheelock’s Monaco Marine residential project in Kai Tak within an hour of the launch on Thursday.
The policy laid out by John Lee should help in addressing the housing crisis in Hong Kong, with the city’s developers likely to heed his call, says Victoria Allan of Habitat Property.
The policy laid out by John Lee should help in addressing the housing crisis in Hong Kong, with the city’s developers likely to heed his call, says Victoria Allan of Habitat Property.
Henderson Land sold 51 units out of 138 on offer at The Quinn Square Mile, as young buyers unleash pent up demand by snapping up small flats.
Henderson Land sold 51 units out of 138 on offer at The Quinn Square Mile, as young buyers unleash pent up demand by snapping up small flats.
