Hong Kong's monetary authority has relaxed the city's decade-old lending curbs, granting more mortgage borrowing to homebuyers, rental property and offices, after high interest rates turned the city's real estate bull run into a slump. Starting immediately, homes valued at less than HK$30 million (US$3.83 million) will be entitled to 70 per cent mortgage financing, compared with the previous rule that granted only 60 per cent credit to flats valued between HK$15 million and HK$30 million, accord
With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.
A day after Hong Kong's wealthiest man closed what was in 2018 the world's largest real estate deal, Peggy Sito was assigned to figure out how a consortium of buyers would share the spoils of the HK$40.2 billion (US$5.15 billion) office tower they just bought from Li Ka-shing. It was an assignment that involved numerous searches of company registrations, corporate filings, dozens of interviews and phone calls, in addition to her duty as the Deputy Business Editor at the South China Morning Post.
‘Scores’ of representatives from wealthy families in Southeast Asia and other markets have contacted Jason Fong’s office since the introduction of the new…
A tax incentive introduced by the Hong Kong government last month for family offices is attracting interest from such firms globally, according to InvestHK.