Category: HK Economy

By Posted on Posted in Global Economy, Global Property, HK Economy, HK Property

ORIC-Borrett Limited agreed to purchase CK Asset’s one and only share in Aim Clever Holdings, a subsidiary of the developer that owns 152 residential units, 242 residential car parking spaces and 31 motorcycle parking spaces, located at 21 Borrett Road …

CK Asset Holdings, the flagship property developer of Hong Kong’s wealthiest Billionaire, Li Ka-shing, has agreed to sell its 21 Borrett Road assets for HK$20.8 billion (US$2.65 billion). Read more »

By Posted on Posted in HK Economy, HK Property

Wheelock won a compulsory auction for a site in Sheung Wan on Monday at the reserve price of HK$529 million (US$67.4 million) The government may make compulsory sales easier, as the number of private buildings older than 50 years surged …

Hong Kong property developers eye old buildings in prime spots as they hope government will ease compulsory-sale process Read more »

By Posted on Posted in HK Economy, HK Property

News from SCMP – updated: 7:16pm, 29 Jun, 2021 Hong Kong is unlikely to see a significant impact on housing demand from the growing emigration wave, according to the president of the Real Estate Developers Association of Hong Kong (Reda), …

Hong Kong property market to remain resilient even in the midst of exodus, Reda chief Keith Kerr says Read more »