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Hong Kong’s guest houses happy to join government’s transitional homes scheme to stay afloat during Covid-19 crisis

December 10, 2020 - by admin - Leave a Comment

Steve Chan is keen on offering his guest houses in Hong Kong’s Tsim Sha Tsui tourist district to the city as transitional housing to overcome the biggest crisis he has …

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Property

Hong Kong developer Hang Lung says deal for US’s Shouson Hill property on track, but delay in registration is raising eyebrows in market

December 9, 2020 - by admin - Leave a Comment

Hong Kong-based Hang Lung Properties said on Wednesday that it expects its HK$2.56 billion (US$330.2 million) acquisition of property at 37 Shouson Hill Road from the United States government to …

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Property

How to own an art gallery in your 20s: shared spaces in Hong Kong shake up the established scene

December 9, 2020 - by admin - Leave a Comment

Young Hongkongers are proving it is possible to own an art gallery before you turn 30, as long as you bypass the city’s rapacious landlords.Their galleries are not in homes …

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Property

Australia’s AirTrunk launches Hong Kong data centre as it looks to tap demand for cloud computing services

December 9, 2020 - by admin - Leave a Comment

Australian data centre operator AirTrunk opened its first facility in Hong Kong on Wednesday, with the launch coinciding with a shift by many companies to cloud computing to enhance online …

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Property

Thailand tweaks visa-for-cash plan, popular among Chinese, to aid developers amid supply glut

December 8, 2020 - by admin - Leave a Comment

Thailand will launch a new visa-for-cash plan targeting wealthy foreigners to help rescue the nation’s developers as the coronavirus pandemic worsened a supply glut amid the nation’s worst recession on …

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Property

Policy support, Covid-19 vaccines create new opportunities in Hong Kong property market

December 8, 2020 - by admin - Leave a Comment

Chief Executive Carrie Lam Cheng Yuet-ngor’s fourth policy address was undoubtedly one of the most complicated of her tenure; has anything made governance, anywhere in the world, more difficult this …

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Property

New World Development seeks to tap withdrawal of double stamp duty, puts West Kowloon office tower on the market

December 7, 2020 - by admin - Leave a Comment

Hong Kong conglomerate New World Development (NWD) is selling a grade A, 28-storey office building in the city’s first commercial property sale after it withdrew double stamp duty on non-residential …

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Property

70 per cent of Chinese companies with military ties included in major global securities indices, State Department says

December 6, 2020 - by admin - Leave a Comment

At least 70 per cent of Chinese companies previously identified by the United States government as having ties to the Chinese military have affiliates whose securities are included on major …

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Property

Hong Kong home mortgages expected to drop to four-year low in 2020

December 6, 2020 - by admin - Leave a Comment

The amount of home loans extended to buyers in Hong Kong is expected to drop to a four-year low this year, as a result of the Covid-19 induced economic recession, …

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Property

Hong Kong’s strict Covid-19 social distancing rule spoils mood for homebuyers, bringing streak of sell-out weekends to an end

December 5, 2020 - by admin - Leave a Comment

Hong Kong’s streak of sell-out weekends of residential property ended when two developers sold fewer than a third of the combined 212 flats on offer in two districts, as the …

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