slump

New Business

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that…

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New Business

China state-backed developers give back land they acquired when property market was hot

From Vanke to China Resources Land, a number of state-backed developers on the mainland have unloaded land that they accumulated…

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New Business

Hong Kong’s July used-home price index drops to an 8-year low amid tepid property market

The prices of lived-in homes fell 1.9 per cent in July from the previous month, dragging the official benchmark to…

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