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Cash-strapped owners are taking out loans with rates of up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.
Home Prices In Hong Kong: This would be the first time Hong Kong's government has not rolled out any residential sites in a quarterly sale, analysts said, highlighting weak demand in one of the world's most expensive property markets.
Hong Kong said on Thursday it will not sell any residential or commercial land in the first three months of 2024, citing sluggish market sentiment and high vacancy rates respectively. ...
Mingtiandi Username Colliers Hong Kong has hired former CBRE veteran Stanley Wong as senior executive director for capital markets and investment services, aiming to accelerate growth and attract new clients to the real estate brokerage. Wong recently left CBRE, where he had handled more than HK$8 billion ($1 billion) in transactions in nearly nine years with the firm’s capital markets team, where he served most recently as an executive director focusing on trades of en bloc buildings and retail podiums. Helping to round out Colliers’ investment team are senior director Freddy Wan, direct...