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Property financing

Property financing
The latest news, analysis and opinion on Property financing. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
A woman walks past a property agency in South Horizons, Hong Kong. Photo: Eugene Lee
Hong Kong property

Hong Kong’s lived-in home prices complete third year of decline

Prices of second-hand homes fell in December, snapping a two-month rebound, and have dropped 27 per cent over the past three years.

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Hong Kong property

Hang Lung Properties net falls on lower leasing profits, higher finance costs

Hong Kong property

New World says it’s ‘business as usual’ amid rumours of default risk

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Hong Kong property

Shimao’s lender seeks private credit deal on US$1.3 billion loan

The loan, which matures on September 30, is backed by a complex in Hong Kong’s Kowloon Tong neighbourhood.

The Beacon Peak project by Chinese developer Shimao in Kowloon Tong, Hong Kong. Photo: Undated handout
China property

China’s property slump to persist in 2025 amid supply glut: Fitch

Gross floor area to fall 10 per cent while average selling price seen weakening 5 per cent in 2025, Fitch forecasts.

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Hong Kong property

More Hong Kong home buyers may lose deposits, agents say

Deposit defaults on new homes shot up by 75 per cent to 449 last year, and property agents see the trend continuing into 2025.

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China property

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

S&P Global also downgrades indebted builder’s bonds two notches on concerns about the company’s liquidity.

The China Vanke logo is seen at a construction site in Shanghai. Photo: Reuters
Hong Kong property

Tourism, student accommodation to give hotel assets a bump, experts say

A promising year awaits hoteliers as tourism rebounds and owners looking to sell their assets for better prices, industry experts say.

China property

Founder of Chinese developer Zhenro faces action on ‘suspected illegal activities’

Ou Zongrong placed under legal compulsory measures after restructuring support agreement expired, according to holding company.

China property

Country Garden gets a 4-month reprieve in Hong Kong liquidation

Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.

A man rode a scooter past a Country Garden housing complex in Tianjin. Photo: AFP
International Property

Will higher school fees, new taxes turn Hongkongers away from UK properties?

Additional education fees, a new tax scheme and slowing growth in rental rates could turn Hongkongers away from UK property.

People view the office buildings of the City of London from Parliament Hill in the Hampstead suburb of north London. Photo: AFP
China property

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

Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields.

Hong Kong property

First-time homebuyers snap up Tuen Mun flats amid easing economic worries

Early Light had sold more than three-quarters of the 280 flats on offer at The Reserve in New Territories by Saturday afternoon.

China property

Home prices in China’s biggest cities stabilise under stimulus measures

Prices across 70 major cities fell in December by the smallest percentage in 18 months, and prices in the four biggest metropolises rose.

Residential buildings are pictured in Shanghai on September 29, 2024. Photo: Reuters
China property

China developer Vanke’s fate in question as shares and bonds drop amid rumours

A government takeover could be seen as a positive development in the market, according to an analyst.

A picture taken on May 9, 2024, shows residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China’s Zhejiang province. Photo: AFP
Banking & finance

China’s consolidation of small banks accelerates to head off systemic risk

Smaller banks face more asset quality deterioration in coming years, on top of earnings pressure, Fitch Ratings director says.

Hong Kong property

Defunct Hong Kong gym chain owner sells 4 flats at over 40% discount

Disposal involved four units at Park Haven development in Causeway Bay, which were sold by Physical owner Luk Ngai-keung.

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Hong Kong property

Distressed property deals to rise in Hong Kong this year as sellers cut prices

High interest rates and uncertainties in the global economy are cited as reasons why distressed deals will rise in 2025.

A man walked through Kai Tak with construction in the background. Photo: Nora Tam
China property

Creditors pursue court action against Evergrande, Shimao amid housing slump

China’s developers collectively have over 700 billion yuan worth of property bonds due this year.

China property

Indebted developer Sunac China faces liquidation threat in Hong Kong

A hearing on the matter has been scheduled for March 19.

China property

Chinese builder Country Garden details offshore debt restructuring

Developer claims it has understanding with key creditors on deal to reduce debt by up to US$11.6 billion.

Condominiums under construction in Beijing by Country Garden Holdings in February 2024. Photo: Kyodo
China property

China state-backed developers offload land acquired during market peak

Analysts believe more firms will follow suit in an effort to ease their liquidity crises.

Vanke residential buildings under construction in Hangzhou, China. Photo: AFP
Hong Kong property

Allan Zeman’s Lan Kwai Fong Group plans major entertainment hub in Xian

The planned project ‘is huge and it’ll be the largest Lan Kwai Fong we have,’ Zeman says.

China property

Shanghai’s December lived-in home sales hit 4-year high on incentives

Homeowners still had to offer discounts to get deals done, as analysts warn the uptick may be short-lived amid a bearish economic outlook.

Hong Kong property

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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Oria, a 23-storey residential project in Shau Kei Wan developed by Hip Shing Hong (Holdings). Photo: Handout
Hong Kong property

Hong Kong’s property market to maintain momentum after deals hit 3-year high

Property transactions totalled 67,662, valued at US$68.2 billion in 2024, according to Midland data.

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The increase in Hong Kong’s property transactions was led by new home sales. Photo: Dickson Lee
Hong Kong property

Hong Kong rental yields to pick up momentum in 2025: analysts

Rental yields are expected to rise on the back of robust demand from the city’s new inhabitants and reduced borrowing costs.

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Hong Kong property

No immediate relief in sight for Hong Kong’s distressed office landlords

The prices of prime office space in the city’s main business zones declined by more than 46 per cent since October 2018.

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