hong kong

  1. Hong Kong Braces for Higher Rates as Currency Losses Quicken

    Hong Kong Braces for Higher Rates as Currency Losses Quicken
    How long can it last? That’s what watchers of Hong Kong’s markets are asking as the gap between local and U.S. interbank rates widens to the most since 2009. The city’s currency peg to the greenback effectively ties its monetary policy to that of the U.S., making the growing differential all the more curious. Now things may be changing, with...
  2. Two Decades After Crisis, These Three Asia Markets Are Still Down

    Two Decades After Crisis, These Three Asia Markets Are Still Down
    Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide sell-off two decades ago. Japan’s Topix Index reached a record high in dollar terms in December 1989. On Tuesday, it was trading 29 percent lower. Thailand’s SET and Taiwan’s TWSE make up the trio of gauges that have...
  3. As Hong Kong Flats Shrink, Developers' Coffers Swell

    As Hong Kong Flats Shrink, Developers' Coffers Swell
    Sometime later this year, Hong Kongers may be able to pay for the privilege of living in apartments so small they’re comparable to prison cells. Then, a local developer is due to start signing tenants for a project in the Happy Valley district where most flats could have a “usable floor area" of about 61 square feet, or 5.7 square...
  4. Hong Kong parking space sells for record US$664,300, Ming Pao says

    Hong Kong parking space sells for record US$664,300, Ming Pao says
    HONG KONG (June 14): Hong Kong just set another property-price record. This time, it was for a parking space. A 188-square-foot space on Hong Kong island sold for HK$5.18 million (US$664,300), or HK$27,500 a square foot, last month, newspaper Ming Pao reported Wednesday, citing land registration records. The car park cost more than some Hong Kong homes: Centaline Property data shows a...
  5. Life in Hong Kong Is Harder Than Ever - Unless You're a Tycoon

    Life in Hong Kong Is Harder Than Ever - Unless You're a Tycoon
    Mrs. Lau can’t help but glance nervously at the calendar. Her next paycheck isn’t for a week, and she doesn’t have enough money to feed her family of four crammed into her small, government-subsidized Hong Kong apartment. Her husband can’t work, and the kids don’t understand why their mother keeps buying stale food. "We’ll eat rice soup for all three meals...
  6. This Is How Much Hong Kong Property Has Surged Since British Rule

    This Is How Much Hong Kong Property Has Surged Since British Rule
    As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm. Twenty years on, property price have hit fresh records and buyers are still thronging to buy new apartments. This time around, the boom has been accompanied by demand...
  7. Divorce Is Pushing Hong Kong's House Prices Even Higher

    Divorce Is Pushing Hong Kong's House Prices Even Higher
    Hong Kongers' matrimonial woes matter for property prices The usual suspects for Hong Kong’s sky-high property prices are low interest rates, a housing shortage and demand from mainland China. But there’s another unforeseen factor: divorce. Demand for separations and remarriages have accelerated sharply over the past two decades as the former British colony has deepened its integration with the mainland...
  8. Hong Kong's Housing Market Has Become "A Sea of Madness" Central Bank Warns

    Hong Kong's Housing Market Has Become "A Sea of Madness" Central Bank Warns
    What a difference 16 months makes. It was in February of 2016 when, looking at the latest trends in the Hong Kong housing market, we wrote that in January Hong Kong home prices tumbled the most since July 2013, and after a 12 year upcycle, prices were now down 10% from the recent peak just four months prior... ... while the local Centaline...
  9. Bears Have Hong Kong Dollar in Their Sights as Drops Quicken

    Bears Have Hong Kong Dollar in Their Sights as Drops Quicken
    For a pegged currency, Hong Kong’s dollar is once again posting some outsized moves. The city’s dollar -- linked to the greenback since 1983 -- is falling at the fastest pace in 14 months as a widening interest-rate gap with the U.S. reduces the lure of the city’s assets. Local banks, awash with capital and competing for red-hot mortgage demand, are in...
  10. KLCI slips following weak cues from Wall Street

    KLCI slips following weak cues from Wall Street
    KUALA LUMPUR (April 13): The benchmark FBM KLCI index slipped 0.34% today, following weak cues from Wall Street after U.S. President Donald Trump’s comment on the U.S. currency being too strong, which kept the U.S. markets nervous. At the closing bell, the KLCI closed 5.90 points lower to 1,738.18, with 3.9 billion shares worth RM2.6 billion traded. Market breadth was...

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