Kai Tak

New Business

Hongkongers to keep forfeiting flat deposits at high rate, agents forecast

More homebuyers in Hong Kong surrendered their deposits on new flat purchases last year, and property agents expect such defaults…

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New Business

Hong Kong property: 10,000 new flats set to hit already supply-heavy market in 2025

Around 10 large residential projects comprising at least 10,000 new flats will hit the Hong Kong market in 2025 as…

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New Business

Hong Kong property deals drop in December as slump thins agent ranks

Property transactions in Hong Kong fell in December amid a slump that has thinned the city’s ranks of licensed property…

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New Business

New World loses more market value as developer strives to contain debt crisis

New World Development (NWD) can’t seem to catch a break. Two rounds of top management shake-up to tackle its debt…

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New Business

Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree

A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district…

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New Business

New World faces risk of mounting losses amid Hong Kong property slump

Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host of formidable…

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New Business

OCBC opens new office in Hong Kong as lender plans to hire up to 15% more staff

Singaporean lender Oversea-Chinese Banking Corp (OCBC), the second-largest banking group in Southeast Asia, opened a new 76,000 sq ft office…

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New Business

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC survey

One in six Hongkongers is considering purchasing a home in the next five years and a third of those prospective…

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New Business

Heavy rain puts a damper on buyer interest in second stage of The Uppland in Tuen Mun, say agents

Heavy rain in Hong Kong put a damper on a property sale in the New Territories on Saturday, despite steep…

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New Business

Hong Kong’s New World, Far East primed for sell-out at Pavilia Forest I amid strong demand

Hong Kong homebuyers flocked to this weekend’s sale of heavily discounted flats at Pavilia Forest I, a joint project between…

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