Hong Kong Property Market Bounces Back as Mortgage Rates Drop Hong Kong’s real estate market is witnessing a remarkable resurgence as mortgage rates drop to their lowest levels in more than two years. Sun Hung Kai Properties Ltd, the city’s largest property developer, made headlines by selling out the first batch of homes at its new project within hours, thanks to this favorable financial...
In a landmark ruling, a Hong Kong court has mandated the liquidation of China Evergrande Group, the world's most indebted property developer, as reported by German news agency (dpa). The decision, delivered by Judge Linda Chan on Monday, comes after a protracted legal battle with international creditors over missed payments and unsuccessful attempts by the real estate giant to avert liquidation through a...
Hong Kong is anticipated to announce reduced stamp duties for certain property transactions in its annual policy statement. Chief Executive John Lee revealed that the focus would be on stimulating the economy and improving livelihoods. In the property market, Lee is expected to trim stamp duties for some transactions, although not all. The business community and homeowners have been calling for a rollback...
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