residential market

New Business

New World Development reports losses as debt ratio worsens amid property slump

New World Development (NWD), controlled by Hong Kong’s third-richest family, reported weaker interim results in its underlying property business, suggesting…

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New Business

Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at a low price

NWD released the second batch of flats at its State Pavilia development in North Point on Sunday after more than…

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New Business

Midland chief suggests property-friendly changes to Hong Kong’s cash-for-residency scheme

Hong Kong should make changes to its cash-for-residency scheme to support the city’s sluggish property market, said Freddie Wong Kin-yip,…

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New Business

More foreign property investors are likely to sell their Greater Bay Area assets in 2025

More foreign property investors in the Greater Bay Area are likely to sell off assets this year amid lingering uncertainties…

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New Business

Hong Kong home prices: up or down? Experts weigh in with their forecasts for 2025

The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply…

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New Business

Shimao gets more time to restructure debt after beating back liquidation petition in court

Shanghai-based developer Shimao Group prevailed in a Hong Kong court decision to dismiss a creditor petition to liquidate the company,…

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New Business

Hongkong Land net loss expands 150% amid weak sales of mainland China projects

Hongkong Land, the biggest landlord in Hong Kong’s Central business district, recorded widening losses for the first half of this…

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